If you’re the chief operating officer of your household, it is quite likely that you’ll also be the chief financial offer who manages the budget, finances, and investments in your family.
Here are some tips on how to invest that extra bit of savings you have:
1. Look at the labels of the things you buy regularly. Note which is the manufacturing company.
2. Do a little research online and check that the company is:
a. Not in debt.
b. Ideally spends little of its budget on research and development and new equipment.
c. Has good management - any scandals, obscenely high salaries and bonuses for directors?
3. Check the share prices of the company. Remember the numbers.
4. Open an online trading account. Shop around for a reliable no-frills account and sign up. Ensure they don’t charge custodian fees.
5. Save 90% of your money in a fixed deposit account that charges no penalty for early withdrawal.
6. Keep an eye out on the indices (health of the country’s economy) and share price of the companies you are watching.
6. When they plunge, buy the shares when everyone is selling. If you’re lazy to research for companies, buy the indices as an ETF (exchange-traded fund) such as the S&P500.
7. Keep for 2-5 years. When the economy recovers, sell.
8. Go back to 5-7.
For further reading, pick up any book on Warren Buffet
Mephala is a strange and rather interesting human fascinated by 
Recent Comments