Short term investments are the kind of investments for people who do not wish to have a good return on investments in the future. Short term investment is not for you if you wish to have a good return on investments in the future because there is also a chance that your loss is very high. We don’t know what is in store for us in the future, thus, long term investment is very advisable to use since it can let you accumulate profits and money as the years go by and it will secure your financial status when you enter the retirement age or the middle age.
One of the best options you can go for is tax free investment. There are many savings and investments plans that enable you to save money without paying tax on interest earned. The UK tax free bond is probably one of the popular tax free investment in Europe. In the UK tax free bond, you can pay up to ?25 every month, however, you can start deposit on the bond for as low as ?10. A bond must have its own edge and its biggest advantage is probably the guaranteed payout. The performance of the investment in the market also matters because you might get some bonuses as a reward. Compared to other high interest bank savings account that you could earn, the payout given at the end is much higher. At the end of the bond life, you will surely receive high amount of minimum cash as long as you pay high amount monthly.
A family should always think of their future since everything is so unexpected, thus, it is advisable that family investments should be high enough in order to suffice the needs of the family in times of financial assistance. You have to keep in mind that the security of your job doesn’t have any assurance and you have to keep in mind that the cash that you have in hand is not enough for you to start any business in the near future. In the future, all of us will going to have our dependents and the best way to secure their financial assistance is by investing in a money-builder account. A long term investment account is an investment wherein you will choose a regular premium that you can pay every month. You will pay double the amount of premiums you started with after five years since the premium increase by 20% every year. Payment plans can be as high as ?100 and can be as low as ?10.
As long as your income is fit for the highest premium, then go for it, so that you will surely have high returns in the future. If you wish to go for another option in order to secure the financial assistance of your family, then Prosperity plans are also a good choice. Your income can also grow since your account can earn an annual bonus.