A good short-term investment is any investment that minimizes risk, while yielding a positive gain over a fairly fast time frame.
Short-term investments might at first seem impossible – especially finding a ‘good’ one!
However, we suggest one or more of the following to fulfill your need of a good short-term investment:
- CD (certificates of deposit) – can range from one month to a decade
- Treasury securities – loans you make to the government that can yield between 0.5% and 2.5% (if you hold it for five years)
- Municipal bonds – riskier than Treasury securities, but have a much higher return (sometimes up to 5%)
- Bond funds – investment last for a few years, and can yield over 3%
- Promotional deals with banks and accounts – you can receive hundreds if not thousands of dollars for account transfers and new account creation
These are just some of the short-term investments that we recommend adding to your investment thinking.
If you would like to talk about First Choice’s short-term investment products and services, give us a call at (724)652-8393, or stop in at one of our branches.