What investments are 99.9%* safe, as safe as a savings account?
*I put 99.9% because I suppose nothing is 100% safe. Even money under your mattress could be stolen or lost.
There are no investments that are 99.9% safe. The best you dan do is to understand the market and spread your money among multiple investment types. This is called diversification. The market could be:
The list goes on. Do some research and spread your investment dollars and you will do well.
Education and Experience are 100% safe. In fact they grow as one teaches what one has learnt.
Regarding money, the best way to be safe is to ensure that everyone in society is well cared for. That is the only way to be really "safe". Otherwise, there is always a chance that the money under the mattress will be stolen or the savings in the bank will be lost due it going belly up during a recession/depression.
Investments--as has been noted--are based on risk. Investments guarantee only that they guarantee nothing.
Diversification is a ploy used by investment sales reps--that call themselves advisors--to make sure they are guaranteed an income while you are guaranteed--you guessed it--nothing.
ON the other hand, participating whole life insurance policies have returned guaranteed returns and very reliable dividends for over 100 years and continue to do so today. Many who choose whole life as the foundational product in their personal economies end up with no debt, no mortgage, ready cash, and a secure retirement income--not to mention a legacy to pay forward.
You can buy Certificates of Deposits from banks that are federally insured by the government for up to $250,000. They usually provide slightly higher returns than savings accounts, but you have to lock your money up for a certain time period, usually between 3 - 12 months. With the insurance, they are 100% safe (assuming the government doesn't default).
by Penelope Hart 6 years ago
Do you save money? I mean do you put money into a savings account regularly?Do you make enough money to save money? How do you save it? Do you save even though you can't afford to save? Are you cutting corners to save?Or do you simply not save, because you can't?
by SPomposello 6 years ago
Let's say your employer doesn't match anything with your 401k, and you have no issues with saving money, you don't have a million expenses... is there any point in having a 401k, iRA, or anything of that sort then?I've got two jobs plus I'm married, my wife works, our expenses are low, I have a...
by Edward Zhang 7 years ago
What are things that I should consider when choosing a savings account?It's about time I should make myself a savings account. What are some factors I should think about when choosing the bank to open my account at?
by agusfanani 4 years ago
Do you invest your money ? What investment do you think is safe ?
by Sharon Zaks 7 years ago
Hello,I'm Sharon, I'm 22 and I'm interested at creating my financial system. I'm interested in:- Establish my own Internet business (or maybe a few).- Investing in the capital market.- Buying Real Estate asset.I'm very new at all of those and need your help at targets definition. I've just readed...
by miakouna 6 years ago
Do you have a savings account?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|