![]() ![]() You may just let your money sit in your checking account or MMA, but CDs offer the same level of security with slightly higher returns. Suitable for conservative (and very patient!) wealth accumulators, CDs are a safe place to put money that you don’t need in a hurry – months, years – but can’t afford to have erode over that period. Still, MMAs might form at least a small part of a conservative investor’s wealth management strategy.ĬDs are very low risk wealth management products that are usually sold by banks. Similar to a Checking Account, these vehicles offer slightly higher interest on deposits, but come with more restrictions: Higher minimum balances, fewer monthly transactions, steeper fees for non-compliance. Part of wealth management is to be able to have sufficient “liquid” wealth available in order to meet unforeseen emergencies – like hospital bills or an emergency trip.įederally insured MMAs are wealth management products that address that need. Readers should be able to get a flavor of what Mutual Funds (including Equity or Bond) can do for their wealth management strategy by going through our list of 10 wealth management products below. “Bond Mutual Funds”, or “Equity Mutual Funds”, the list does not consider those derivatives sufficiently unique to discuss them separately. While there might be a number of “derivative” vehicles produced from this list of 10, e.g. ![]() Here are 10 products that investors might consider investing some of their wealth into. 10 Wealth Management Products to Consider
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