Talking About Investing
| This entry is part of the Talking About Investing series. You can find explanations of the boldface words there.
This entry is available as a Adobe Acrobat file for printing or use in a class. This entry is spoken, so that you can listen to it while you read. (MP3) |
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Nobody I know has too much money. But, it’s possible to have a little extra money.
What do you do when you have extra money? I spend my extra money on books. My wife likes to spend her extra money on DVDs and on our pets. Do you spend your extra money on yourself? Do you save it in the bank? Do you have a plan of some kind to ‘make money’ with the money you have? Maybe you buy and sell cars, or old CDs, or comic books?
One example of investing is what some of my friends do: they buy things cheaply and try to sell them for more money on eBay. I even know someone near Dresden who tries to make extra money selling things at flea markets!
When you buy something because you hope to sell it for a higher price later, you’re investing. For some people—including me—it’s a scary topic, but for others it’s a dream. Many people my age already have a lot of investments that they hope will help them make them some money. Or, in other words, they hope their investments will have good returns. An investment like this can be almost anything: a house, a car, gold. Often, though, when people think about investments they think about stocks and bonds.
My most serious investment is my savings account at the bank. What about you? Do you have any investments? What do you think are good investments? What do you think are bad investments? If you had a lot of extra money, how would you invest it?
Photo Credit
The photo above is from Flickr. It was taken by Borman818 and made available under a Creative Commons license. Thank you, Borman818, for making this photo available!
