Imagine retiring with your savings earning a nice, fat 20%. Not only that, the income from your account would increase every year. Finally, there’s a good chance that in addition to those nice interest checks, your principal could also swell over time.
Sound too good to be true? It isn’t. If you’re willing to take a measured amount of risk, and give it some time, you can create a savings plan that will pay you a stable, growing income during your retirement years, and maybe grow your principal at the same time.
I’ve been using this investment idea for more than 10 years now, and I’m not only earning 10%, 20%, even 60% on my original investments: My principal has shot skyward.
What is this magic investment? It’s nothing complicated. In fact, it’s as old as investing itself.
Curious? Then you’ll want to listen to this week’s “Money!” podcast. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Sit back, relax and listen to this week’s “Money!” podcast:
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bicycle.
If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!
Want more information? Check out these resources:
I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.