Raising a child is not very cheap nowadays. So one has to plan his investment and keep aside money for several of the needs. Right from his birth, to his admission to schools, relief primary teaching Perth WA, his college, his master’s degree at a good university. All needs a good amount of regular money and it’s a great part of a family panning nowadays.
Another great factor of proper knowledge is the timing of the investment. It should be made in such a way that the timing of the need and the timing of the maturity should be same or as near as possible, so that the matured amount can be used to manage the expense at regular interval. Also, you may need help of expert advisors, like a person in smsf administration, to help you decide and manage your investment.
It depends on the amount of money one has is his hand and also the risk they are willing to take. Those who are ready to take risk and ha some kept aside corpus goes for equity investment where returns are higher. And those who have regular kept aside money from the monthly income goes for safer investment like bond and fixed deposit. A new school of investor gives their money to a smsf administrator. They break the invested amount into parts and invest in various sectors depending on the risk taking capacity of the owner. They invest dome in real estate, some in equity, some in bonds and some in fixed deposit with bank.
The advantage of this kind of investment is that there always remains a balance between high yield and security of the investment. The money can be easily switched over from one fund to another according to the vulnerability of the stock market. This these kinds of investments give us regular and steady yield for our child`s future.
It is really hard for one man to deal with the day-to-day expenses and then keep aside money for the future. There came the concept of both the parents working so that both can contribute for the child`s future. Both share the equal responsibility towards the child so it is very logical for both to shoulder the burden together.
Raising a child required regular investment for his future as the expenses will be very high in the coming days. So a regular and systematic planning of investments is very important, where the money invested grows ahead of pace at which the inflation is rising. It should grow and mature in such a way that it can cover all the big investments at the right time.