The skyrocketing cost of higher education and rising inflation along with slower wage growth have made it more challenging than ever for families to save for university. This reality has left many parents shouldering a major financial burden by the time their children are ready to head off to college.
It’s a myth that you need money to make money. Teaming up with other investors offers an easy way to access different asset classes without big upfront investments.
Fixed deposit (FD) - or term deposit- is one of the safest, oldest and most common investment avenues. In the UAE, although the returns from FDs are tax-free, inflation can affect the returns significantly.
If you are looking for an alternative to conventional deposits that offers attractive interest payments and portfolio diversification, then bonds should be on your radar.
You have some money to invest. There are two ways to go about it - identify the stocks, bonds and similar assets - invest individually and manage them yourself. To do so requires expertise, time and effort.