Your children are an extension of your life, your body, and essentially a better version of yourself as you head into the future, it only makes sense to want to give them a life that is one step up – ideally more – than what you had and so the tradition begins. There are ways and means to make things happen, some by the book, others not as much, but one that is a sure thing is investing in precious metals. More so, gold.
Those shiny nuggets and bars we see in movies that people have in their safes are not only for the cinema reels, you can have them too, in some form or the other. Gold is and has been, one commodity that has a constant value (see this interesting article on the topic and take a moment to realize what adventure you are about to embark on), and while the initial investment and acquisition could be tricky or daunting, you and your family will be better off for it.
What to do.
Firstly, you need to think about or better yet, write down reasons why you want to invest. Think about your current financial situation, consider realistically how much you can contribute, small is never something to shy away from but rather the stepping stone needed to get the ball rolling. What type of investor are you likely to be, more of a hands-on guy that wants to be in on the daily activities and oversee everything about your portfolio and investment, or the ‘leave-it-to-the-professionals’ version that gets regular updates and has the final say on decisions that impact the value of your stocks and assets.
Are you saving towards something specific like tertiary education for the kids, a property opportunity looking to begin flipping homes possibly, or a milestone wedding anniversary that you want to treat the wife to?
Irrespective of the reason the fact that you are thinking about a more financially secure future is a step in the right direction and one more than the majority of people do. To get you started on the right path check out metal-res.com for an in-depth look at the world of investing, how, where, and why to begin, and professional help and guidance when making decisions.
If you are new to the world of investing then fear not you are not alone in this feeling, but what others don’t have is the confidence to follow through, and this is what will set you apart from the pack. That life you always dreamed of as a kid will become a reality with hard work and good decision-making, what have you got to lose?
Building your best future.
Other than saving your money and ideally growing it in the interim, what can you gain from investing you ask, well, a lot. Let’s see what some of the top reasons are that investors, both first-time and veteran, mentioned were the appeal factors that got them into the investment world.
- Retirement. This was in contention for the number one spot amongst others, but having a retirement package in place can save you a lot of years of heartache, more hard work, and gives you peace of mind that you can take your time earned and relax.
People think they have all the time in the world to save, but time flies as we all know, and before you can look up from the 9-5 rat race your final year of employment is upon you and you have no idea how you are going to live from month to month. Look further into why retirement saving options should be a priority as soon as you can afford them, and how it will take care of you in the long term.
- Goals. Adding funds to an account that is essentially locked until a specific date or age is a great way to achieve goals you otherwise would not manage. Think about an initial lump sum and then installments being accumulated in a high-interest account and when your golden wedding anniversary comes you can give your wife an even better vow renewal celebration than she could imagine.
- Diverse portfolio. You may have purchased a few properties and are receiving rent from them, or perhaps have money invested in the stock exchange, and now adding a physical asset to the pile is a great way to spread your funds. Diversity in an investment portfolio is a good way to not have all your eggs in one basket as they say, and you are better protected in the event something happens (we all remember the market crash don’t we).
- Savings Account. This is better than that in every way. A savings account does just what it says on the tin, save, and is essentially a digital money box. There is no room for growth or the barest minimum of interest if you are lucky, and is not recommended if you are looking to increase capital or build on your financial contributions.
To sum up.
Gold, precious metals in general, or even property as an investment opportunity is an act you don’t want to miss or delay getting started with, the future is coming whether you are ready for it or not. But a point you can be certain of is that it will be that much sweeter with the financial backing you deserve and more importantly have worked for.