Safe Investments For Good and Bad Financial Times

Where the goal for investors was typically to get a good return on the investment, these days it’s more about finding a safe investment given the current financial conditions. Other than deposit accounts that are virtually risk free (you can’t lose your contributions), there are some options for the best investments you can make during your life whether the economy is experiencing good times or bad times.

Invest in Your Health

It doesn’t much matter where you invest your money if you aren’t healthy enough to reap the rewards of your efforts. Your health should be your most important investment for both time and financial resources. How do your finances relate to your health? You need to use your money to buy healthy foods. You need finances to see the doctor if you don’t have insurance . Invest in your health by avoiding tobacco products (and save money at the same time).

Another good investment for your health is to pay for a quality exercise program or equipment or clothing that allows you to exercise from home. Make exercise part of your daily routine for the best results, and that investment of time and dedication will go a long way in paying you dividends through a healthy lifestyle!

Your Home

Even with the increased number of foreclosures, your home is still considered one of the safest investments you can make. Dollar for dollar, the risk versus reward battle is won with a home, despite the potential to make bigger returns with smart investments in the stock market.

Deposit Accounts

Sure, the poor economy has caused a number of banks to fail, but thanks to the Federal Deposit Insurance Corp., no one has lost any of the money saved in various deposit accounts (savings accounts, checking accounts, money market accounts, and fixed rate IRAs). The US Government saves people from losing money deposited up to a specific amount in FDIC insured banks, which makes them a good investment no matter what the conditions of the economy are. Additionally, you can drive to your local bank and withdraw money from savings or checking accounts whenever you want, without penalty.

Individual Retirement Accounts (IRA)

Money invested in IRAs, whether traditional or Roth, are considered good investments in both good and bad financial times. You can deposit your money into a conservative IRA, and just sit back and allow it time to earn an attractive rate; or if you are adventurous and more hands on, you might try an IRA that allows you to call the shots and choose which stocks to buy or sell. While buying and selling stocks increases the risk, IRAs are still considered a reasonably safe investment.

Capital Preservation

If you simply want to save the money you already have without the risk of losing it, look at the various deposit accounts and find one with the highest interest rate for the term you plan to leave the money invested. Certificates of Deposit, money market accounts, and an online savings site, SmartyPig.com are all excellent choices. For other government backed savings options, you could look into Savings Bonds, Treasury Bonds, Notes or Bills, and Treasury Inflation Protected Securities.

About the Author:
Elizabeth Williams, Editor-in-Chief for http://CreditCardFlyers.com http://CreditCardFlyers.com makes it easy to compare and apply for a variety of credit card offers featuring low balance transfer rates. We are the leading source for searching 0 apr balance transfer offers online.

Other topics : Clothing, Weddings, Fashion