When it comes to putting your money in the right places, you want to ensure that you are making good investments. You want your money to work for you and an investment opportunity presenting itself gives you a chance to go ahead and earn something more. When the markets themselves turn volatile, you want to choose a low risk, safe investment and give your cash that moment in the sun. The good news is that there are safe investments out there that you can put your money into and you have to think about which online savings accounts, trades and stock opportunities are available to you.
We’ve got a short list of the accounts and investments that will make the most sense when you invest for the short term. You can withdraw as early as you like or you can just go on the long term wild ride of the market itself. So, let’s take a look at the investments you could use to put your money in the right places.
Look at money market accounts. What are these? Well, they’re savings accounts that allow you to directly spend from the account itself. Usually, a savings account will limit the number of transactions per month but these types of accounts can give you 5% or more in returns. As these are FDIC backed, you can get a guarantee of deposits of $250,000 per institution. An online, high yield savings account. These are fundamentally similar to typical savings accounts
