Top 5 Investments That Can Make You SUPER Rich
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for most people investing as a must if they want to have a comfortable future. A seemingly steady economy can be suddenly turned on its head leaving people who haven't prepared scrambling for money as the economic consequences from the coronavirus pandemic have revealed. Hey guys and welcome back to the channel for this video, we will discover top five investments that can make you super rich but before anything else, please leave a like on the video. Also, don't forget to subscribe to our channel and click the notification bell down below so you won't miss our videos without any further ado, let's hop on right to the video. Number one, high yield savings accounts on your cash balance. A high yield online savings account gives you interest. High yield internet savings accounts are accessible vehicles for your money. Just like a savings account earning pennies at your local bank. Online banks generally provide substantially higher interest rates due to lower overhead costs. Plus you can usually get your hands on the money by transferring it to your primary bank or via an A. T. M. High yield savings account is ideal for risk. Averse individuals, particularly those who require funds quickly and wish to avoid the danger of losing their investment. Savings accounts are the most liquid kind of money. You can add or remove funds at any time though your bank may impose a legal restriction of six withdrawals per statement period. If it chooses to do so. Number two certificates of deposit banks issue certificates of deposit or CDS, which often pay a greater interest rate than savings accounts. The maturity dates of these federally insured time deposits might range from a few weeks to several years because they are time deposits. You can only take the money out after a certain amount of time has passed. The financial institution pays you interest on a cd at set intervals. When it matures, you will receive your initial principal plus any interest that has accrued it pays to browse around for the best deals online CDS are a wonderful alternative for seniors who don't require quick income and can lock away their money for a while because of their safety and larger returns. A. C. D. Is ideal for risk averse investors, especially those who require funds at a specific period and are willing to tie up their funds in exchange for a higher rate of return than a savings account. Cds are less liquid than savings or money market accounts since they bind your funds until the cd matures, which can take months or years, it's feasible to collect your money sooner, but you almost always have to pay a penalty. Number three government bond funds, Government bond funds are mutual funds or exchange traded funds that invest and debt securities issued by the government of the United States and its agencies. The funds invest in debt instruments issued by government sponsored enterprises such as T Bills, T notes, T bonds and mortgage backed securities. These government bond funds are ideal for investors who are looking for a low risk investment. These funds are also a fantastic option for new investors and those looking for a steady stream of income for risk. Averse investors. Government bond funds may be a good option. While some types of funds, such as long term bond funds may vary far more than short term funds owing to interest rate changes. Bond fund shares are extremely liquid, but their value varies depending on interest rate conditions. Number four short term corporate bond funds, corporations may raise capital by issuing bonds to investors, which can then be pooled into bond funds that own bonds issued by dozens of different companies. The average maturity of short term bonds is 1 to 5 years, making them less subject to interest rate swings than intermediate or long term bonds, investors searching for cash flow, such as the retirees or those who wish to minimize their overall portfolio risk. While still earning a return, can consider corporate bond funds risk averse investors seeking a higher yield than government bond funds may benefit from short term corporate bond funds every business day. You can buy or sell your fund shares Furthermore, you can typically reinvest income distributions or make new assets at any time. Just keep in mind that there's a chance you'll lose money. # five municipal bond funds. Municipal bond funds hold a variety of municipal bonds, also known as moonies issued by state and local governments earned interest is normally tax free at the federal level and may also be tax free at the state and municipal level, making it particularly appealing to investors in high tax states or brackets individual muni bonds as well as mutual funds and exchange traded funds can be acquired. You can work with a financial advisor to determine the best investment type for you, although you may want to stick with those in your state or region for tax benefits. Municipal bond funds are ideal for new investors since they provide diversified exposure without requiring the investor to research individual bonds. There are also beneficial to cash flow investors. Municipal bonds are a smart choice for investors and high tax areas since they allow them to avoid levies while also generating income because of their lower yields, they may be less appealing to investors in low tax bands or states every business day, you can buy or sell your fund shares furthermore, you can usually reinvest income distributions or make new assets at any time. Which investment do you think is the wisest let us know in the comments section below. That's it for today. If you guys enjoyed the video, make sure to hit that like button. Don't forget to subscribe and turn on that notification bell. So you never miss out on any future content will produce for you guys were signing off now, but we will be sure to catch you all in the next one