32 min listen
ENCORE: Where Can I Invest and Find High Rates?
ENCORE: Where Can I Invest and Find High Rates?
ratings:
Length:
15 minutes
Released:
Jul 30, 2018
Format:
Podcast episode
Description
Learn where to invest and find high rates. It’s listener question Friday! Dear Linda, I love your podcasts! They are simply fabulous! I am wondering where can I get some financial products with a high rate of compounding? Let’s say 8 to 10%. I need your great help for that, Linda. Thank you very much. Best regards, Marie I wish 8 to 10% was so easy! Be careful when reaching for yield. A friend of mine was pitched 5.5% junk bonds that weren’t diversified and were 30 year bonds! He was actually considering them because a “friend” recommended them. High yields equal high risk. Bank yields are paying maybe 1% to 2%. Ten year bonds are 1.5%. How can you get 5.5? Lower the quality - but you don’t want to do that. Consider alternative investments - but they can be complex. Dividends on stocks - but it entails risk to principal. There’s no easy answer for a “guaranteed” rate. But here’s the question: should you be investing for growth instead of income anyway? Growth does involve risk, but over the long-term risk is minimized and returns are maximized. Get started investing to grow your wealth. I read 3 Testimonials from iTunes. Have you left me one yet? Please leave a review and subscribe to the podcast! All episodes are found at http://lindapjones.com/podcasts.
Released:
Jul 30, 2018
Format:
Podcast episode
Titles in the series (100)
013: The Easy Wealth Building Formula: How to build wealth even if you lack money, time, knowledge, or high rates. Overcoming the common obstacles to wealth creation. by Be Wealthy & Smart