Everyone knows College is expensive and while not all children will go down the academic route, most students choose to get a university education. They see it as a rite of passage, an experience that will stay with them for life. Sadly, money often overshadows what should have been a carefree time. The stock market can be a Great investment especially with VectorVest a stock market forecasting tool that can help you in making the right investments.
More and more College students are struggling financially. According to CNBC News 70 percent of students were impacted by issues around affordability during 2021’s fall term. Part of this is to blame on the pandemic, another is due to college tuition fees. It’s simply getting more expensive. That’s why saving up for your children’s education early on could be a clever move.
- Invest in Forex Trading
Once you have your savings plan sorted, the next logical step is to diversify your financial portfolio by making some investments. One of these could be forex trading: buying and selling one foreign currency for another. Not only can this be profitable, it’s also a fun activity to get involved in as it requires skill and know-how. While it may be unwise to spend all your savings, forex trading is a great way to potentially maximize your income. On https://www.fxforex.com/ you can find extensive guides on how to get started, and there are great tools for both beginners and experts.
2. Buy cryptocurrency
You have probably heard of cryptocurrencies like Bitcoin and Ethereum. These digital currencies have shot up in value during the last year and have taken the financial markets by surprise. Although it has been known for its fluctuation and the price for currency like Bitcoin has recently fallen, it might be a clever long-term investment as experts still see digital assets to be the future of investing. Crypto simply has a lot going for it.
3. Put your money into shares
If you want something more traditional and stable for your money, then buying shares is a good step to take. Certain stocks are considered safe because they are unlikely to go down a lot in value, others are more of a gamble. You could therefore make a small fortune by putting your money into new, green companies that are predicted to do well in the years ahead, but nothing is certain. To combat any major losses, it’s therefore wise to do a bit of both, and never gamble all your precious savings at once.
4. Invest in properties
Properties are one of the most popular types of investments. If you pick the right location, your money will simply grow, and if you choose an up-and-coming market where prices are bound to go up, there is even more to gain. If buying and renting out real estate is not for you, then house flipping is an alternative option. Put simply, house flipping means that you buy profitable homes and resell them for a higher price. This could be by renovating them to opt the price, or by turning a large property into flats.
There are many ways to save for your children’s education. But the most important lesson is to start early, and to put some of your savings into investments.