There are a variety of investment opportunities that can pay strong dividends including money market accounts, treasury bills, common stocks, and Ginnie Mae's. They help provide a guaranteed way to plan for future expenditures by putting money away now. Treasury bills are short term government debts sold at a discount from face value. They don't pay periodic interest payments. Instead, the interest income is the difference between the purchase price and the face value of the bill at maturity. Money market accounts allow you to reap some of the benefits associated with treasury bills, but usually in a shorter period of time. Common stocks are purchased through a broker, and depend on the financial stability of the company. Ginnie Mae's are a government mortgage bond that can deliver a good return. Most banks offer an account called a 'money market demand account' that is similar to a money market account. You can earn market interest rates and be protected by F.D.I.C. insurance with this type of bank account. For more information on money market accounts, contact a financial advisor.
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