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Best credit cards with bonus and cashback. It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you. If you need a quick turnaround these are stable ways to secure a return on your investment.
But yields are low these days — you’re lucky to find an account paying above 1. These accounts are liquid and usually FDIC insured. The only drawback is that some money market accounts may require a minimum balance. T-bills are issued by the U.
They are fully backed by the government. You can choose the maturity date when you’re investment will be fully realized. Short-term T-bills are the safest investments with maturity dates of 13 or 26 weeks. They have set maturity dates and you’re locked into your interest rate at the time of your investment. If you withdraw your funds early then you incur a penalty that can be costly.
If your employer offers a 401k plan then you’d be wise to invest in it. That’s especially so if they match a percentage of your contributions, which is basically free money. This is your money that you put in on a pre-tax basis. Within your plan you can choose what funds you want to invest in.
Whether you’re willing to assume risk or need stable funds you’ll find them in your overall plan. There are many mutual funds that are tailored for those who have little appetite for risk. The mutual fund is monitored by a fund manager that invests your money in a number of stocks or other mutual funds. One drawback is that you need to pay administrative fees for the management of your fund. These bonds will offer a low return but also are virtually risk-free, which is a nice thought in any financial climate.
Last updated February 20, 2018. Don’t miss out on the next bank deal. Get the newest deals delivered straight to your inbox! It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally these days. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you. Rate is good for 3 mo. The biggest, best thing about this Wachovia is that I am very, very happy about I’m treated!