As we live through some of the most turbulent economic times in recent history, it’s totally understandable that more of us are looking for much safer places to squirrel away our savings, but are there any perfect risk-free investments out there, and how do we navigate today’s marketplace?
Whatever the state of the economy or the stock market, there will always be good opportunities to be found. Some of the benefits that you can reap include:
We need to caveat this section by saying you’ll never find a 100% non-risk investment. There are many financial advisors out there who might promise this, but the truth is, every type of investment will always come with some degree of risk, even if this is very small.
Before you make any financial decision, make sure you completely understand what might happen to your money should the worst happen. Some common pitfalls to watch out for include:
Once you’ve weighed up the pros and cons of investing, opting for some less risky investments like the ones below is a great way to dip your toe in the water:
Generally, the lower the risk of your investment, the lower your return. As detailed above, some of the least risky investments can struggle to keep up with inflation. In fact, many people take the low-risk route just as a way to consistently save money. This is best for those that aren’t looking for life-changing returns.
However, that doesn’t mean to say you can’t find options out there that don’t make at least a decent profit. You may be able to find some fixed-rate savings accounts and annuities that net you a good interest rate, but you shouldn’t enter into any of the investments covered here with unreasonably high expectations
Rather than spread yourself too thin over multiple investments, you might be able to reduce your risk by focusing on just one or two very secure options. For example, you might want to try an S&P 500 index fund, which is a mixture of stocks covering the top 500 companies in the US.
Since the index was founded in 1957, it’s weathered every financial storm and recession, and offered consistent growth. If you’re able to commit long term, this sort of investment is the ideal option for those looking for a retirement plan and should create above-inflation returns.
Luckily, many less risky investments, like government bonds and savings accounts, are heavily regulated, and as long as you keep your wits about you, there’s a very low chance of being scammed. However, if you’ve fallen victim to fraudsters, you do have some recourse to get your money back.
The fund recovery process can be a lengthy one and requires perseverance. Therefore it is vital that our clients are ready for it and trust us every step of the way. So if for any reason you are doubtful, you can ask for a full refund within the first 14 business days of the process.**Read Terms & Conditions
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