hello I know some friends who lend money to other for high interest. I feel interested to do that. But am in US. How would I start doing that ? I just want to put money that I don’t mind risking in it to be on the safe side but at the same time I want some money. As I have savings that are not used and invested at this point.
The safest ways to invest money will also come with the lowest rate of return: CD in bank, government bonds or bond funds and such. Lending money privately to others comes with its own risks. You have to decide what your tolerance level is.
As I’ve said I got some “free money” that I just want to risk( of course I don’t prefer to risk it as much as possible ) but I want to earn interest on it as I’m running low on money as I am home with baby. It is from coupons and rebates etc etc. but how do I do this.
Have index universal life insurance...it gives you protection for your life and risk free investment. Moreover tax free, if paid within 7 pay limit.