![]() ![]() Predictable: Fixed deposits can be interesting for investors looking to build a foundation of stable assets that guarantee their principal and returns, so they would be in a better position to make higher-risk, higher-return investments like stocks, properties, peer-to-peer lending, or even cryptocurrencies. Thus, they are useful for sums of money you absolutely cannot afford to lose to the fluctuations of the market, such as money set aside for renovations, education, or a down payment for a car.Īccessible: Fixed deposits can be made with sums of money as little as $500 and with maturity periods of one month to three years. You give your money to the bank, and they return your principal plus interest after the tenure is up. Simplicity: The simplicity of fixed deposits makes them popular among our parents’ generation, since you don’t need any skill, luck, or experience to make money from fixed deposits. Read Also: 6 Investments In Singapore That Provide Guaranteed Principal And Returns Advantages Of Fixed Deposits ![]() In this article, we’ll examine whether they still have a role to play for your investment and budgeting needs. Fixed deposits are a way to earn guaranteed returns on your money that are higher than savings accounts while still being virtually risk-free.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |