If you’re looking for a way to boost your personal finances and give your family a little extra security right now, you’re going to want to start looking at investments.
Investing your money is undoubtedly the best way to grow your pot and secure your family’s future when it is done right, but it can also be quite risky, especially if you’re new to it. The good news is, there are a lot of fairly safe investments that you can take advantage of right now. Here are some of the best.
U.S. Treasury Bonds
U.S. Treasury bonds are quite possibly the safest investment opportunity on the planet. The U.S. government has never once defaulted on its debts so there is literally nothing to worry about when putting your money into their bonds. The only drawback is that they have quite low yields when compared to other forms of saving and investment. Still, if you’re more concerned with safety than anything else, this could be the investment solution for you.
High-yield savings accounts
High-yield savings accounts are probably one of the safest options available to you right now. They are insured by the Federal Deposit Insurance Corporation, which means that your money will be well looked after. They’re also extremely liquid and don’t suffer much at all due to fluctuations in the market. All that and you’ll earn far more interest than you would with a normal savings account. That being said, the returns will be modest, but they’ll be stable and that is ultimately more important than anything else.
Investing in gold has gone out of fashion with the younger generations in particular, but it really is still one of the best ways to invest your money if safety is a priority. Gold is always desirable, but you will probably see some pretty dramatic swings in its value from time to time, so it is one of those commodities you should maybe only invest in if you’re able to keep a level head, stay in the game and ride out any tough periods. If you can do this, gold could do great things for you.
Real estate is a great investment for anyone who has some spare money and can afford the mortgage repayments – something the mortgage calculator will help you determine. There are numerous ways you can make money with real estate from renting out a property to tenants to buying a run-down house, renovating it, and then flipping it for a profit. Some are more hands-off than others, but if you do your research and buy at the right price in the right market, you’re looking at a pretty stable long-term investment.
Certificates of Deposit
Certificates of Deposit are great if you don’t need to be able to access your money in an instant, but you would like to earn a higher percentage of return than typical savings accounts currently offer. They’re insured by the government, so you know that you won’t end up with less money than you started with, easily available, and can be bought with a modest amount of money. However, it’s worth noting that you will be charged a penalty if you need to withdraw your money from them early, so maybe set aside some of your savings as an instant access emergency fund if you want to invest in this way.
Any money that is spent on investing in yourself, whether that be by getting a better education or improving your health, is money well spent because you only get one life to live and you need to make the most of it. The more educated you are, the bigger your earning potential is, and the healthier you are, the fewer medical bills you are likely to be subjected to over the years. So, never feel bad about investing money in you and your family. Not only are you worth it, but it will pay off big time in most cases too.
There isn’t an investment in the world that is totally 100 percent risk-free, but as you can see, there are a number of options that come pretty close. If you want to save your money and earn a decent level of interest from your investments, putting your trust in any of these schemes is likely to be a good move. Before you do though, take the time to consider your circumstances, do your research, and choose the optimum form of investment for you and your whole family.