One life lesson that most parents teach their children is to always save money. As early as the toddler years, you have most likely kept a piggy bank. This is actually a valuable practice as there will certainly come a time when you have emergency needs or when you are no longer capable to earn money.
It is wise to save money. It is, however, wiser to grow your savings. While the banks will tuck away those hard-earned funds safely in the vault, there are several drawbacks with this option.
- The annual yield is very small. You are lucky if they give you a 5% interest.
- If you fail to maintain the prescribed maintaining balance or to follow certain policies, they are entitled to deduct fees and fines to your savings.
- If the bank closes or declares bankruptcy, you are entitled only to a certain amount of insurance claims even if your savings are bigger than that.
Why stick with a two to five percent annual interest when you can multiply your money two-folds or even higher? Learn How to invest 100k safely elsewhere. The bank is a safe place to store your money but is not the supreme one to grow money in. If you are more curious about how to invest 100k then you can learn more about it on templar-eis.
The best individuals to learn How to invest 100k from would be the investment advisers. Unless you have been working in the business and trading sector, this subject can be complicated to comprehend. These experts will be able to educate you on the particulars of safe, legit and profitable investments.
Just make sure, however, that you are getting advice only from genuine, sincere and well-versed investment experts in the area. Anybody can tell you How to invest 100k but not all suggestions can guarantee that you get back your money with notable profits.