I f you are the kind of investor who’s looking for a good return on investments in the future, then short term investment is not the good choice for you. Short term investment is not for you if you wish to have a good return on investments in the future because there is also a chance that your loss is very high. Aim to make long term investments and your money will accumulate profits over many years, enabling you to go into retirement or middle age with financial stability.
The tax free investment is one of the best option that you will have. The best part about tax free investment is that you can save or invest money without paying tax on the interest that you have earned. One of them is the UK tax free bonds. Deposits for the bonds start from as little as ?10 and you can pay up to ?25 a month. One of the greatest advantages of the bond is that payout is guaranteed. The performance of the investment in the market also matters because you might get some bonuses as a reward. Compared to other high interest bank savings account that you could earn, the payout given at the end is much higher. As long as you pay a high number of amount in a month, you will surely receive a high minimum of cash amount at the end of your bond life.
Family investments should be steady and high enough to support the family in times of financial strain. You are not sure of the cash at your hand when you plan to start a business when you are laid off also, the security of your job doesn’t also have any assurance. In the future, all of us will going to have our dependents and the best way to secure their financial assistance is by investing in a money-builder account. A long term investment account is an investment wherein you will choose a regular premium that you can pay every month. The increase of the premium by 20% every year lets you pay double the amount of premiums you started with by the end of five years. Payment plans start as low as ?10 and go as high as ?100.
If you wish to have high returns, then going for the highest premium is very advisable as long as your income is fit for it. Prosperity plans are another type of family investments that will help secure your future. To add up, your account can also earn a bonus every year which can give you a fast growth for your income.