Thaindian News

By Meena Kar
Dec 13, (THAINDIAN NEWS) The biggest anxiety of all parents, during the current economic slump is nothing but investment for their children. Many parents are wondering, what steps could be taken in order to secure their future and at the same time bring a smile on their face.

The current trend shows that many parents are avoiding investing on materialistic goods like playstations and toys, in order to opt for something more fruitful like insurance and children plan’s policy for their secured future. On the other hand, some are also investing on assets like expensive metals like gold and platinum, considering the resale value of the products. The experts suggest a gift like a college savings plan. Although they would not understand its worth right now, they would realize it later on. The 529 College Savings Account would require you to save only $50 per month, from the current date till he turns 18. That would secure his education with a sum of upto $17,000. Some parents are also buying investments like mutual funds, bonds or stocks. This would not only make them financially stable during emergencies, but also make them more aware of the financial scenario, at an early age to make them a lot more responsible as an adult.

Some parents, of baby girls are also opting to invest on gold, silver and platinum. These metal not only serves the purpose of adorning them, but also secures them financially, as these movable properties can be exchanges for a lumpsome amount of money, anytime on ones own wish. Moreover, it lacks the risk associated with stocks and insurances, which are prone to market turbulences. Child investment in the form of metals are therefore regaining its popularity recently.