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The best type of investment in 2023 -High-yield savings
Anything high yield investment one needs to be careful. it is good to only do this kind of investment if you understand better how it works and you know you wouldn't be scammed
I think these types of Banks that can provide the higher yield savings account are not found in my country. This is because I have never heard of anything like that in my country.
I asked here in the city where I live, and the bank that yields high interest are CITI Bank and Banco de Oro ( BDO) . I think there is CITI bank in your country or location.
When we are going to invest, of course it has to be based on investment goals. If you want money to be withdrawn quickly, for both business and emergency needs, you should use a short-term platform of 3 months to 6 months. I think short term investment is riskier than long term investment.
Most viable and secure business ventures offer a below 13 per cent return of investment plus profits in most cases and that is why we should invest quite a significant amount if we are to get to appreciate profits. Most stable investment opportunities also fall in the range of 10 per cent to 30 per cent in profits per month or even per annum depending on the market cap of that business venture.
Having a business offering you more for little investment is highly suspicious and may be termed as a high-risk income project. This may not be a stable income for anybody just like what others have said here.
I think this is capital intensive business. For instance if digital Banks banks rewards a 15% interest rates per annum on your savings, then you must invest in alot of money for you to earn good interests.
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