• Home
  • About
  • Blog
  • Advertise
  • Contact
No Result
View All Result
Ideasgist
Advert for @ideasdmedia
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
No Result
View All Result
Ideasgist
No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
  • Sport
  • News
  • Entertainment
  • Lifestyle
  • More Topics
Ideasgist Advert Ideasgist Advert Ideasgist Advert
ADVERTISEMENT

How To Keep Your Savings Safe and Earn Monthly Interest: The Right Investment Options for You

by Ideasgist
September 8, 2022
in Banking
Reading Time: 4 mins read
A A
Saving Icon 3d Illustration from Investment Collection Creative Saving 3d Icon Web Design Templates Infographics More 67690

Cash is king, and everyone knows that being wealthy means having a lot of it. But how do you go about saving money and earning interest so that you have even more later? The answer is investing: Putting your money into something with the potential to grow, rather than just keeping it somewhere safe. Investing your savings can be a scary prospect for most people. After all, anyone who has ever lost their life savings from risky investments or a get-rich-quick scheme will know the stress it can cause. Luckily, not all investments are risky – some are safe and suitable for almost everyone with some cash they want to keep safe and earn reliable interest on. Keep reading to find out which ones are best for you.

What is the best way to invest your savings?

The best way is to invest your savings in a diversified portfolio of low-cost index funds. It’s the most reliable way to grow your savings over the long term, and it’s a strategy that has been proven to work for millions of people. A diversified portfolio is a mix of different investments. In most cases, a good mix includes between 30 and 100 different types of investment. Different types of investment have different levels of risk, so you’ll want a mix that has both low-risk and high-risk investments. A low-cost index fund is a type of low-risk investment. It’s a type of mutual fund that buys lots of different stocks and other investments. By investing in a low-cost index fund, you own a piece of all of those different investments.

Why you should invest your savings

If you’d like to kickstart your savings, choose an investment option that offers monthly interest, or even better, a lump sum payment after a certain period of time. This is a great way to start building a nest egg, especially if you’re a first-time saver. You’ll benefit from a sizeable return on your investment that you can use to help with a mortgage deposit, a car, or an education. If you’re looking for a long-term solution, you could consider investing in a stocks and shares ISA (or stocks and shares JISA if you’re under 18). You can put in a lump sum, or make monthly contributions. The interest you earn will depend on the type of shares you choose, but you can expect to make between 6-10% per year on average.

Safe investments for beginners

If you’re new to investing, you’ll want to choose an investment with low risk. This way, you minimize the risk of losing your savings, but still have a chance of getting a decent return. Here are some of the safest options: – Fixed interest investments – These are low-risk investments that offer a fixed interest rate. They’re relatively safe as they’re backed by government bonds. – Money markets – These are short-term investments that pay a low interest rate, but are very safe. – Cash ISAs – Cash ISAs are savings accounts that pay a low rate of interest, but are very safe. You can get a better interest rate by taking out a stocks and shares ISA, but this is riskier.

AlsoRead:

New CBN Policy Offload Risks And Liabilities Of Transaction On Customers

CBN Raises Online Transfer Limit To N25 Million And N250million For Individuals And Companies Respectively

How to Open Domiciliary Account In First Bank

Risky investments for experts only

If you’re more of an expert investor and would prefer to take a bit more of a risk, here are some more risky options: – Shares – Shares are higher risk investments, but they have the potential to produce much higher returns than cash. – Investment trusts – Investment trusts are higher risk investments, but they have the potential to produce much higher returns than cash. – Investment real estate – Real estate is a high risk investment, but it has the potential to produce much higher returns than cash. – Hedge funds – Hedge funds are extremely high risk investments and aren’t suitable for most people. They are managed funds that invest in a wide range of different assets.

Investment platform recommendations

There are plenty of investment platforms on the market offering a variety of different investment options. Here are some of our favorites: – Nutmeg: Nutmeg is a great option for beginners who want to save regularly. The company offers savings plans at different frequency levels, as well as a stocks and shares investment plan. – Wealthify: Wealthify is an excellent platform for more advanced investors. It offers a wide range of investment plans, including stocks and shares. – Weave: Weave is a new company that offers fixed and flexible interest rates on investments. It has a wide range of investment options, including stocks and shares. – Zopa: Zopa is an online marketplace where people can borrow money from other investors. It’s a great option for those who want to diversify their investment portfolio and earn interest on their savings.

Final Words

There are plenty of ways to invest your savings, but not all of them are suitable for everyone. It’s important to consider your risk appetite, how much you have to invest, and how much you’re looking to earn from your investments. The best way to keep your savings safe and earn interest is to choose a low-risk investment with a decent interest rate.

Want to Invest: visit https://imultipleempire.com/investors/


Like us on Facebook. Follow us Twitter and Instagram. Subscribe to our YouTube Channel. Join our WhatsApp Group and Telegram Channel. Read more on Latest News, Tech News, Media and lot more.

SUBSCRIBE TO OUR NEWSLETTER





Tags: financeinterestsavings
ShareTweetSendShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
ADVERTISEMENT
Previous Post

Can’t Input or Access Your Registration Number on Jamb?

Next Post

LASUSTECH Celebrates Successful Hosting of NUC Resources Verification Team.

Ideasgist

Ideasgist

...Disseminating Information You Truly Need

Related Posts

News

Central Bank of Nigeria (CBN) Does Not Charge Any Fee for Processing COVID-19 Loan Applications

April 14, 2020 - Updated on August 29, 2022
Uncategorized

Internal Audit, Compliance and Risk Manager

March 14, 2020
Load More
Next Post
Lasustech

LASUSTECH Celebrates Successful Hosting of NUC Resources Verification Team.

Please login to join discussion

#Talk – Sp3ncer (Prod , m&m Deravibez)

http://ideasgist.com.ng/wp-content/uploads/2022/11/Talk-Sp3ncer-Prod-mm-Deravibez-mp3.mp3
  • Trending
  • Comments
  • Latest

How To Apply For Yaba Tech Transcript

June 6, 2018

Business Development Manager – Vacancy

January 18, 2020
mapoly

Mapoly: What Sundry Fee Means For Newly Admitted Students

November 22, 2018 - Updated on April 3, 2021

Quality Control Manager – Northern Nigerian Flour Mills, Kano

January 31, 2020

Tips To Follow Before Writing a Cover Letter For Job

August 16, 2018

Teacher Vacancy

March 14, 2020

HND: How To Check Your CBT Result

October 20, 2019

Assistance Lecturer Needed At The University Of Ibadan (U.I)

April 19, 2020

Download Music MP3 :- Reminisce Ogaranya Ft_ Fireboy

July 26, 2020

HOW TO CHECK YOUR RESULT AND GP

October 9, 2016
Ectolife Hashem

Introducing Ectolife, the World’s First Artificial Womb Facility.

December 11, 2022
BlueSky

Twitter Founder Jack Dorsey is Creating a New Social Network. Look Out, Elon.

December 11, 2022
Waec

How to Know If Your WAEC Result Has Been Uploaded

October 18, 2022
Lasustech

LASUSTECH Celebrates Successful Hosting of NUC Resources Verification Team.

October 1, 2022 - Updated on October 18, 2022
Saving Icon 3d Illustration from Investment Collection Creative Saving 3d Icon Web Design Templates Infographics More 67690

How To Keep Your Savings Safe and Earn Monthly Interest: The Right Investment Options for You

September 8, 2022
Jamb

Can’t Input or Access Your Registration Number on Jamb?

September 8, 2022
Twitter Edit Button 768x432

Twitter Is Finally Adding An Edit Button!

September 5, 2022
Sanwo-Olu Donates Two Two High-Capacity Buses, Fast-Speed Internet To Students Of Newly Upgraded Lagos State University of Science and Technology

Sanwo-Olu Donates Two Two High-Capacity Buses, Fast-Speed Internet To Students Of Newly Upgraded Lagos State University of Science and Technology

August 28, 2022
Lagos State University of Science and Technology (LASUSTECH) Takeoff Courses 2022/2023

Lagos State University of Science and Technology (LASUSTECH) Takeoff Courses 2022/2023

August 4, 2022
Big Brother Naija Season 7

Big Brother Naija 2022 Season 7

July 28, 2022
Facebook Instagram Twitter Youtube TikTok Telegram

An online media website for latest news and updates in Technology, Business, Education, Sports, Politics, Entertainment, Health, Fashion...and many more.

About

  • Advertise
  • Contact
  • Newsletter

Quick Links

  • Privacy
  • Terms of Use
  • DMCA

2022 Ideasgist ™ | A Subsidiary of iMultiple Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job

2022 Ideasgist ™ | A Subsidiary of iMultiple Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?