The Investing Game: What You Should Know

Visionaries it is never too early to start investing. You never know when that rainy day is going to hit and if your life is anything like mine, it’s usually more like a thunderstorm. While many us realize that it is important to save, we are not sure where to begin beyond the basic savings and checking accounts that most of us already have. When people hear the term investing they automatically think the stock market and become intimidated or just turned off all together, for Visionaries in those categories fear not because you do have other options and ways to make safe investments:

• CD’s also known as certificates of deposit are currently offering rate as high as 4.62% If you place your money in a CD plan not to access it for a set amount of time and be aware that early withdrawals accrue penalties
• The Money Market aka MMDA is a close cousin of the checking account. Currently they average a return of 2.07% and you have access to your money;however there are a few conditions. Some  require a minimum opening balance and/or limit the number of transactions a month.
• The Savings  Bond, the old faithful of investing. Savings bonds are insured by the government and essentially for purchasing and forgetting about them. It takes a while for bonds to mature and early withdrawal penalties can be severe. Bonds currently offer a return of between  3.25% and 3.67%

These are just a few ideas to get you started and there many other options ways to save and make your money grow. So now that you information Visionaries be encouraged and be empowered.