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How Should I Invest My Money Now?

Updated On Aug 05, 2021

As a parent, it is your responsibility to ensure your child’s future is financially secure. This can be done in many ways. There are several investment instruments that you can choose to invest in for your child. Different investment options provide different benefits for saving your money for your child’s future. This helps your child to develop self-dependency and will not have to depend on anybody else financially even after the sudden death of the parent or the guardian. 

You can invest in many effective plans and policies that are specifically built to support your child financially and promote financial independence. Investing in these kinds of plans has many benefits. You must choose a trusted and safe plan in order to provide all-around protection to your child financially. You must invest in legitimate plans to ensure the security of the money you invest in.

3 Ways To Invest

There are different effective ways to invest your money for your child. Some of the safe options to invest in are -

1. Child Plans

A great way to start planning for the future of your child and save for foreseen or unforeseen expenditures in their future is to invest in child plans. Child plans are the plans that provide investment and insurance. Child plans come with benefits like tax benefits and provide the sum assured if the parent or the guardian suddenly passes away. In the case of the sudden death of the parent or the guardian, the insurer pays the premiums on behalf of the child. This way, the child does not have to depend on anybody after the demise of the parent or the guardian.

2. Gold ETFs

Another great way to save and grow money for your child is to buy gold in small amounts consistently over a few months and pool all of the accumulated gold after a long period. This can act as a liquid asset. This means that the child can convert the gold into money whenever required. Buying gold can be virtual also. You can buy bonds that are issued by the government regularly. Since these are bought virtually, theft risk is nothing to be afraid of. However, while selling the gold, you will have to pay the applicable taxes.

3. Stocks

You can also invest in stocks if you like to take risks. Investing in stocks is a risky option to consider unless you do your research thoroughly before choosing a stock to invest in, or bet against or for. If you do not research enough about a stock you want to invest in but invest in it anyway, there will be some serious loss to the amount of money you put in. The stocks you invest in must have a good past in the stock market. Otherwise, you will have to struggle with huge losses. Before investing in a stock, it is advised to know all about its performance in the stock market in the past. This can help you put in the confident effort.


In conclusion, it is important to save for your child. There are many advisable and great ways to save and grow money for the future of your child. The most suggested ways are to invest in a child plan or in the Gold ETFs. A little riskier option is to invest in stocks. Investing in stocks can be very efficient in gaining or growing money just as it can be at losing it. You must be careful before investing in any plan. 

You may also like to read - Features of a Child Insurance Plan which makes it Essential

Adavantages of Purchasing Child Life Plans Online

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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