Investing while working

Sometimes I feel so depressed about HAVING to work. But with a family to support, there is really no way around it. We really need to have money in order to pay for the basic needs of our family as well as self imposed essentials like a good education and good health care. That's why we occasionally also put some bets on the lotto, because we might just get lucky enough to be the recipient of a windfall. But, of course, such luck is "suntok sa buwan" or one in several million chances, which means that it is almost impossible. Almost, because you do have a chance of being lucky. But the really reliable sources of income are either actively working to pursue income, or investing.

Of course, investing entails risk, in a way it's just like gambling. But unlike gambling, it's a calculated risk. You decide on what investment to risk your money based on some available historical data and trending. Whether you buy gold bullions, real estate, stocks, mutual funds, etc., you need to study the investment instrument that you are interested, so that you'll know how much risk you are taking and you can determine how much you can risk for that particular instrument. You'll have to get a reliable agent too, because there are far too many scammers out there. The US Gold Bureau is one online resource for gold which look legit so I'm seriously considering buying from them.

I think the time for us to invest is now, when we still earn actively from our profession, as we can handle some losses for bad investment decisions. Of course for good long term investments, this will sustain us through the years that we would no longer be able to work actively.

3 comments:

Organized Working Mom said...

Investing is a smart idea, although I prefer the less risky stocks and bonds and I think a riskier portfolio is what you really need to hit it big. So I guess I'll just keep hoping to win the lotto on a mega rollover week! :)

April said...

I too get depressed at times because I have to work. :( Investing or winning the lotto sounds a lot better. ;)

Counter Height Dining Table said...

It's really amazing doing 2 things at the same time. Like investing while working. A perfect idea. Just always think positive so that you will not fail.