Guaranteed Investments
Are there any Investments or accounts that offer a guaranteed 10% per year return? Or anything close to 10%?
I’m 29 and trying to save for retirement. I keep reading articles on the web about saving and how young people can retire before 60 if they start saving now because compound interest will help them.
But they always assume that you’ll earn 10% interest per year. Where do you get a savings account or investment like that? The best guaranteed rate I could find was a 5% rate for opening an e-savings account with Citibank.
Where do people find these 10% per year rates? I’d like to find an investment like that.
Find a huge company which tends to be unaffected by the economy. Think ALTRIA (MO)-Phillip Morris…People smoke drink and eat Mac & Cheese even when the economy sucks (course, they sold the Kraft branch recently, but its still Phillip Morris!)
They pay a 4% dividend now and if you sell covered calls against your investment, you’ll make a guaranteed 10%+ a year. Do it in a Roth to avoid taxes against your gains.
Pfizer, ATT and a few other stocks pay a huge dividend…ATT has huge investments in tech…
You can also find private companies paying 15-20% for your investment…but the term ‘guaranteed’ gets a bit more obscure….
100% Guaranteed Investments