With the best investment plan for 5 years, a person can invest the money without locking it for a longer duration. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Time-frame: first anticipated withdrawal at age 65, for $10,000. Tenure: One can invest in post office time deposits which have tenures of 1, 2, 3 and 5 years. Treasury securities or the treasury bills are another good short term investment plans offering high liquidity, safety, and satisfying returns. Therefore, this compensation may impact how, where and in what order products appear within listing categories. 2: Portfolio considerations for a 60-year-old investor. But this compensation does not influence the information we publish, or the reviews that you see on this site. Sixty-year-olds may still be in their peak earning years, but many of their prime investing years are behind them. This is because; the companies with strong cash position can afford to invest surplus cash in bonds, stocks or other investment securities like treasury bills, etc. If held for less than 1 year, they are taxed at 15%. Debt instruments are yet another brilliant short term investment plans, especially for risk-averse individuals. Amount to invest: $100,000 plus $15,000 a year to my 401(k). NTUC Capital Plus (CSN3) NTUC Capital Plus has always been a very popular single premium savings plan. Children investment plan: Every parent wants his/her child to get the best possible education without any financial hurdle. So, if you are looking for secure and risk-free short term investment plans and beyond, you’ll need to invest in gold or silver. You May Also Like: Post Office Interest Rate. Post Office Monthly Income Scheme (POMIS). They can be bought and sold on any day that the stock market is open. By letting you earn nominal amounts of interest on your money with little risk, you can help your nest egg keep up with inflation without losing your shirt. If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. Short term investments are designed to provide considerable returns in a fairly short span of time which can be a year or even a few months. Then $10,000 each year thereafter. You’ll sacrifice a potentially higher return for the safety of having the money. They can range from as short as 30 days and up to 364 days. Investments are important because in today’s world, just earning money is not enough. 1000 p.m* with HDFC Life Click 2 Wealth. Print. Stocks, cash, bonds, mutual funds, and bank deposits are some of the examples of financial assets. Bankrate has answers. Short term investments are best for individuals who want to gain high returns on investment in a short period of time. Follow, like, tweet or post. Situation No. For the short term, one may invest in a 1-year time deposit. Best Investment Plan for 3 Years. Firstly, it provides liquidity. Some of the benefits of short term investment are: Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer. 30,138. total reads . Short-term investments can be described as temporary investments or marketable securities, which can be easily converted into cash, generally within 5 years. All reviews are prepared by our staff. Savers would do well to comparison-shop savings accounts, because it’s easy to find which banks offer the highest interest rates and to set one up. Its purpose is to help you build your savings for retirement by reducing the amount of income taxes you are required to pay. Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. Liquidity: CDs are less liquid than other bank investments on this list. Q. Liquidity: Savings accounts are highly liquid, and you can add money to the account. editorial integrity, this post may contain references to products from our partners. Do you plan on making a purchase and need access to your money within a few months? So safety comes at a cost. The bank will pay interest in a savings account on a regular basis. An individual can play safe with their accumulated corpus with the help of short-term and low-risk investment option ranging from 1-5 years. In the case of some robo-adviser accounts, these institutions deposit your money into FDIC-protected partner banks, so you might want to make sure that you don’t exceed FDIC deposit coverage if you already do business with one of the partner banks. and should have up to $20,000.00 to invest, but wanted to know what would be the best investment to double my money in a year or is that even possible:) Reply. Click here to check the past offers. I would suggest you to invest this money in 2 parts via SIP route.