Thursday, November 25, 2010

5 Financial Gifts Idea

By Personal Money #76

Here are 5 gifts that keep on giving long after the giving season is over.
1) Games
Learning about money can be fun and rewarding at the same time. Board games like Smart Money and Monopolyteach concepts like creating wealth, budgeting, real estate and investing.

2) Unit trusts or stocks
Select investment that are suited to the recipient's risk profile and resources. When comes to buying stocks, you have to notify the recipient first, as only his broker can take instructions from him.

3) Precious Metals

Jewellery may increase in value. However, there is a major difference between buying someone gold chain to wear and a gold to keep. Ideas: 1 carat (1.00 ctTW) Brilliant Round Diamond Stud Earrings in 14Kt White or Yellow Gold,Screwback (GH - I112) or 10k Gold 3-stone Diamond Heart Pendant with 18" Chain (1/10 Cttw; I-J Color)

4) Financial advice
An appointment with a financial planner would be much appreciated by one who is need a specialist help to sort out his financial management issues. Look out for qualified planners who are bound by the rules and guidelines imposed by the relevant issuing bodies.

5) Reading material
Personal finance books or magazines, another gift alternative for those who are reluctant to reveal too much information to a financial planner. A good stater is Suze Orman's The Road to Wealth, Revised Edition or David Bach's Debt Free For Life: The Finish Rich Plan for Financial Freedom

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