10 of The Best Short Term Investments
It can be challenging to know which short-term investments are the best for you.
Are short-term investments profitable? Short-term investments are a great way to make money.
But there is no need to worry because this article will break down the differences between short-term investments and help you decide what’s best.
Here we’ll discuss more than ten options that may be perfect for you!
What are Short-term Investments?
A short-term investment is an investment that you can easily change back into cash – such as a high-interest savings account or a money market account.
If you invest in places like the stock market, you should consider keeping your money in for at least five years.
However, just because you are investing for less than five years doesn’t mean there are not many options.
Are Short-Term Investments Profitable?
Yes, short-term investments are profitable, especially if you consider the alternative of not doing anything with your money.
Best Short Term Investments
Online Savings Account
An online savings account can be a good option, especially under the year mark. They are low-risk and low reward options.
High Yield Savings Account
There are many choices, and online-only companies like Chip have been beating some of the traditional banks, so make sure you do your research and compare all options.
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