By DeAnn Turner
November 27, 2007
During the holidays, advertisers would like us to believe that unless we buy the latest electronic gadget or hottest new toy for our children and loved ones; we will be remembered as the Grinch who stole Christmas. If you are like me, I'm sure you have memories of planning months in advance to find the "perfect gift" for your son or daughter only to discover them having more fun with the wrapping paper and the box the gift came in.
Holiday shopping doesn't have to break the bank and put you in debt. Everyone likes to see shiny boxes and pretty gift-wrapped presents under the tree. However, there are other gifts we can give that although perhaps not as stimulating as Guitar Hero® I, II, III or a new Wii®, could be the gift with the potential for providing lasting memories long after the holidays are over.
We are inundated with information
about investing for our futures. Have you ever considered an
investment for your children, niece, nephew, grandchild or godchild?
Establishing an investment account doesn't have to be difficult
or scary and you don't have to have a lot of cash to get started
- remember the story of the tortoise and the hare? There are
a variety of options available - some with tax advantaged strategies
and by adding to it regularly, there is potential to have the
funds necessary for continuing educational opportunities. Depending
on the type of investment, the time frame and market conditions,
there could potentially be enough funds available that continuing
that education doesn't have to break the bank - or if further
educational or school options are not in their future, perhaps
the funds could be utilized for a first home, business, wedding,
honeymoon or for their own children's future.
What should you look for in an investment? Probably two of the most important issues to be considered would be the time frame the funds will be needed as well as if you want to utilize a tax advantaged account. The answers to those questions will help define what your options are.
So, when the Christmas spirit
comes knocking at your door, look over your holiday gift-giving
budget. If there is something special on the list you feel you
can't bypass, that's certainly your choice. However, if it is
possible to spend less and utilize the remaining funds for an
investment in your child's or loved one's future - that could
be the one gift that truly does keep on giving. It's never too
late to start!
Ketchikan-based Diversified Investments & Insurance.
Securities offered through KMS Financial Services, Inc.
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