Today I
went to my bank (Chase) and looked at the CD’s rates. I had a few dollars and wanted something
better than my money market account. I
expect that it won’t be long before they start charging me to hold my
money. The CD rates really
disappointed me. I mean .55% for a 5
year CD, and shorter durations paid less.
The 10 year rate was only 1.01%.
That means in ten years a $10,000 deposit will be worth $11,057. Now I know that the Stock Market is doing
well today, but I remember the Stock Market crashes in 2008, and 2001, so I am
still a little apprehensive.
So I did a
little research and found a couple of investment vehicles that offer interest
rates that make sense without the risk of being in the stock market. This way I can sleep at night.
1.
Sage Advantage - This investment requires a minimum investment
of $2,000. Money invested in the account
receives a 5% bonus with a minimum interest rate of 2%, so in the first year
you are guaranteed to earn 7%. Now you
can earn more since the interest you earn is tied to an index. You have 3 indexes to choose from, Declared,
S&P 500, and Global. You can choose
1 or split between all three. Click here for details
2. Flexmax - This investment can be
started with as little as $50 per month.
There are 3 Flexmax options, the Flexmax, Flexmax Plus, and the Flexmax
14. The Flexmax Plus and Flexmax 14, pay
a bonus on money invested. Then they pay
interest based on the S & P 500 index. Click here for details
3. MarketValue
Index - This investment requires a minimum investment of
$10,000. The interest you earn is tied to
an index with no limit. You earn 60% of S & P without any risk of
loss. You have 5 index options. You can choose 1 or split between all 5. Click here for details
What
I like most about these investments is that you cannot lose money. In addition you can add a Lifetime Income
Rider so you can create an income that is guaranteed for Life.
206-227-6677
