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Basic Knowledge About Saving & Investment

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 investments are known to have a very high rates in return, but they also have a big risk of loss. We don’t know what is in store for us in the future, thus, long term investment is very advisable to use since it can let you accumulate profits and money as the years go by and it will secure your financial status when you enter the retirement age or the middle age.

Among the options that you have, the best one that you can get is the tax free investment. There are many savings and investments plans that enable you to save money without paying tax on interest earned. One of the well known tax free investment I the UK tax free bonds. In the UK tax free bond, you can pay up to ?25 every month, however, you can start deposit on the bond for as low as ?10. A bond must have its own edge and its biggest advantage is probably the guaranteed payout. The performance of the investment in the market also matters because you might get some bonuses as a reward. Another good thing about this is the payout that you will receive at the end is much higher compared to other high interest bank savings account. 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.

A family should always think of their future since everything is so unexpected, thus, it is advisable that family investments should be high enough in order to suffice the needs of the family in times of financial assistance. You have to keep in mind that the security of your job doesn’t have any assurance and you have to keep in mind that the cash that you have in hand is not enough for you to start any business in the near future. 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. This is a long term investment account under which you choose a regular premium, payable 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 can be as high as ?100 and can be as low as ?10.

As long as your income is fit for the highest premium, then go for it, so that you will surely have high returns in the future. 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.

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