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Savings and investments



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amother
OP


 

Post Sun, Jul 05 2020, 3:01 am
Hey, does anyone know anything about saving a d investments through banks?
I use chase bank so I prefer not to open another bank account..........
Something that is a 100% win win where I will not lose that money and it will grow.
What r the interest rates? Is it yearly or monthly.
All tips and input will be appreciated!!!
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amother
Bisque


 

Post Sun, Jul 05 2020, 3:16 am
Look into ETFs. They are not risk-free, but they are unlikely to lose all value.
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amother
Pewter


 

Post Sun, Jul 05 2020, 3:47 am
The lower the risk, the lower the interest rates. That's just how it works.

A CD (certificate of deposit) is guaranteed, but it offers very low interest rates.

ETFs or mutual funds offer less security, but also more potential for growth.

Depending on how long you plan on leaving your money in, the stock market as a whole (think mutual funds or other diversified options) ALWAYS grows, but not necessarily in the short term.
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