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3 best ways to save your money for long terms
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[QUOTE="Kendy, post: 224249, member: 63869"] There are different alternatives where we can save our money for long term use. Fixed deposit is one way, which you could choose to fix your money with a financial institution for a certain duration and you would get back your capital with your interest at the maturation stage. This mode of savings is not really encouraged because it is more advantageous to the company or organization. I prefer the idea of real estate investment if the funds are readily available. Investing in purchasing of lands, engaging in agricultural activities, renting the land or leasing it has proven to be a profitable way of saving money. There is a recent one I heard about treasury bill and it is more profitable than fixed deposit account. Although I do not know exactly how it works but it is a way of loaning money to the government and you get about 15% -19% of your capital. per annum and it is still very much secured. Saving money through investjng in stocks and shares is also a profitable way. In my setting, some telecommunication give people this leverage to partner and invest their money, wherein they get their interest according to the stipulated time. [/QUOTE]
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