Top 3 Higher Return Investment Options in Canada
For many people, investment is no rocket science. They make money from everything they invest. While for the rest of us, it is the other side of the coin. There are some organizations like Rothenberg Capital Management that can help you make the right investment decisions. Here are 3 investment options in Canada that can offer you high returns.
- Corporate Bonds
Corporate Bonds hold the power to give your portfolio a boost in income. Corporate investments is when you lend money to a publicly traded company, and your money is paid back with interest.
Thus, investors usually earn a higher return than on government bonds or guaranteed investment certificates..
It is always advised to stick with high rated bonds. With lower-rated bonds comes the greater risk of the company sinking and you losing your investments.
- High-Yielding Savings Accounts
If you have cash, however are not interested in locking it in, then it is recommended that you consider a high-yielding savings account.
Such accounts have a higher interest rate than the regular savings accounts offered by the mainstream or online banks. However, some of them require a minimum balance to be maintained, most often $5,000, so as to attain that high yield. Be very careful to check the rates offered as occasionally a financial institution will offer a high rate but only for a short period of time. And avoid accounts with transaction fees, if you feel you might need withdrawals.
- Mutual Funds
The concept of mutual funds revolves around attracting and pulling in the average investor. The gathering of a many investors’ cash so as to buy a wide diversity of stocks and bonds is a popular way to invest.
- Most mutual funds permit small incremental investment.
- They offer a professional investment management team.
- They allow excellent flexibility via shifting of funds across a wide variety of investments.
Which of these investment options do you think would suit your needs the most? If you are in doubt, get advice from a financial expert like Rothenberg Capital Management.