Money, money, money!
With Kelsey Cheney
Want to save money?
- Put it into a savings account
- Checking account
- Savings bond
- Time based CD
By putting your money in one of the above choices, you are not putting your money at any risk.
Tips on saving money
Well then, you should put your money in a CD or a savings bond.
- By putting your money in one of these, you would get a .003%-3.5% return rate.
Do you just want to keep your money safe?
If it doesn't mater whether or not you make money of of your preexisting money, then I recommend putting your money into a savings account or a checking account.
- These have a very low return rate.
Also, do you want to be able to have complete access to your money?
Then you should put your money in a savings or checking account.
- These have the most liquidity when it comes to saving money.
If you don't care that you have easy access to it or not...
Then a savings bond or CD is the right choice for you.
- These options have a low liquidity.
In conclusion
Want to invest your money?
Then you are at the right place! Now only if you are up for a thrill should you invest your money.
The most common type of investing is investing in stock.
- Investing in stock means that you are buying shares of ownership in a company/corporation. Doing this, you are putting your money in a pretty high risk. Also, the liquidity in investing in stocks is about neutral. A bonus in buying stock is there is high return rate, up to about 11%.
Another way you could invest your money is in property.
- The return rate is very high, but so is the risk. A negative about this is the liquidity is very low, meaning it is hard to access your money.
Gold is very rare and a great item to invest your money in.
- The risk in investing it in gold is about neutral to high. The return rate is exceptionally high. A downside though is the liquidity, just like investing in property, the accessibility to your money is very low.
In conclusion
About Us
Email: kcheney495@cbcsd.org
Website: www.kchainz.com
Location: Council Bluffs, IA 51501
Phone: (712) 322-8612
Facebook: facebook.com/CheneyINC
Twitter: @CheneyINC
Investing In Stock
Return: 11%
Liquidity: Medium
Investing In Property
Return: High
Liquidity: Very low
Investing In Gold
Return: High and Low
Liquidity: Medium