Being a busy mom these days is not easy to balance with other aspects of life. And yet, I know that it is very important to keep up with investment stocks in order to save for my and my children’s future. In order to give the most for that future, I prefer to know how my investments are doing so that I can decide on the best course of action.
One thing that I currently do is buy Iraqi currency, the dinar. I know it’s controversial right now, but dinars sell at a very low price. There is talk that its value will be going up in the near future. As a result, I try to stay abreast of the latest news about the dinar. I get information about the dinar through dinar recaps.
However, it’s not always easy. Iraq is also trying re-build in the new post-Hussein era. Not all of the news that is uploaded about the country is accurate so Treasury Vault is my primary source of information. I loved picking up coins dropped on the street when I was little.
My parents loved to travel to foreign countries and I used to be so awestruck by the differences in the currencies. I started taking that to the next level in college by keeping up with the value differences in currencies.
The dinar is the most popular; however, Treasury Vault also shows all of the popular currencies such as the Vietnamese dong, the Chilean peso, and the Chinese yuan. The Treasury Vault also buys currency so I have re-sold to them as well and have had great experience doing so.
One reason that I believe in investing is so that I can get the best for both myself and my children. For example, I very much believe in respecting and conserving the environment. As a result, I invest in hybrid cars only. I would rather take a cab or a metro bus than invest in a gas guzzler of a car that doesn’t get me and my kids very far. My car also provides plenty of room to store my travel cargo and for my kids to store their sports and school projects.
I make sure that all of the stocks that I invest in are ones that are doing well and likely to have a future. I’ve had experiences with both losses and gains. However, one major lesson I have learned is to not get romantic and jump into a stock impulsively. As a result, I always invest in my current job and with companies that I have a longtime positive impression of. I did try to do a bond with my kids’ school once but pulled out of that when I found out that one of the administrators was doing something very unethical.
Another one of my go-to sources for investing is Ellevest. It’s a unique organization runner by women for women. Instead of investing in stocks per se, you invest in yourself. You pick your top goals, such as a home down payment or starting a business.
From there, you agree to automatically deposit a certain amount every month and then they give you a co-deposit accordingly. That way you have a second nest egg in case one of your accounts goes bad or one of your banks shuts down.
It’s also like a certificate of deposit in that it’s money that you don’t touch until both the money and your plans for it have matured.
When it comes to investing, my best advice to you is to, first, always explore all of the options. From there, take the best course of action that is right for you and your family.
Investing can be a little nerve-wracking but is almost always worth it in the end. If you’re like me and have kids, you’re investing for their future as well. Investing also makes it possible for you to live the best life for yourself after you retire.
You also don’t worry about your kids having to pick up the tab in case your health happens to go downhill or you leave debt after you pass on.