Are you looking for creative and fun ways to invest your money as a family? Investing isn’t just for adults. It’s for the whole family. Keep reading to discover fun investments for families.
Buy your child a toy they’ll love for years to come.
Mattel Inc. is one of the world’s leading toy companies, producing a wide range of toys and games for children and adults alike. Founded in 1945 by Harold Matson and Elliot Handler, Mattel has become an iconic brand that generations have grown up playing with. From Barbie dolls to Hot Wheels cars, Mattel’s products have been staples in households across the globe. Buying your child a doll or a toy that they’ll love for years to come is a great investment for your family. And there are plenty of options to choose from when it comes to investing in entertainment for your child. From Barbie to Hot Wheels, educational toys to preschool toys, any Mattel creations are sure to be a great option for your child.
Invest in savings bonds.
Savings bonds are a low-risk and reliable investment for families looking for long-term, secure returns. Savings bonds are issued by the U.S. government and can be purchased at most banks or online directly from the Treasury Department in denominations ranging from $50 to $10,000 per bond with interest rates that increase as the bond matures. Because savings bonds are backed by the full faith and credit of the United States government they are considered one of the safest investments available and have no risk of defaulting on payments or losing value due to market fluctuations. The rate of return is also set at a fixed rate when purchasing, meaning you know exactly what your return will be when investing in a savings bond over any given period of time; this makes them an attractive option since there is almost zero possibility of losses associated with them.
Check out some real estate investment trusts.
Real Estate Investment Trusts (REITs) are a great way for families to explore real estate investing. REITs allow investors to purchase shares in a portfolio of properties, giving them exposure to the commercial and residential property markets without actually having to buy the physical asset. This makes it an ideal investment choice for families who want to diversify their investments with low effort and cost. REITs can be purchased through stock exchanges or private placements, making them one of the most accessible forms of real estate investing. Unlike direct ownership of property, REITs offer liquidity which means that shareholders can easily sell their shares whenever they wish, allowing them more flexibility than traditional real estate investments. Furthermore, there is no need for extensive paperwork as all due diligence has already been done by the trust’s management team; this also reduces costs compared with other forms of investment such as mutual funds or bonds. In addition to these advantages, many REITS pay out dividends on a quarterly basis.
Look into DNA testing.
Ancestry DNA testing is an increasingly popular fun investment for families looking to learn more about their heritage. It allows you to trace your ancestry back multiple generations and uncover the stories of your family’s past. This type of genetic genealogy utilizes a panel of markers found in your chromosomes, or “genes”, which are unique to each individual and can be used to identify relationships between people with common ancestors. Through this process, individuals can paint a picture of where their ancestors originated from and how far back in time they can trace their lineage. The cost for such tests has become much more affordable over the years, making it easier for even those on a tight budget to find out where they come from.
Overall, these fun investments for families can offer immense benefits enabling families to build long-lasting memories, strengthen relationships, and foster financial literacy.