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Here are some of the best ways to build wealth through short-term investments andget your money moving faster.
There are many online banks that offer higher interest rates than traditional brick and mortar banks, Gelbman said.
Purchase Short-Term Treasury Bonds
Treasury bonds are debt securities issued by the U.S. government.
One of the biggest appeals of Treasury bonds is that theyre backed by the U.S. government.
Gelbman noted that one- to six-month Treasury bonds are currently yielding between 4.2% and 4.3%.
This lets them fund small business loans or real estate deals with short repayment periods.
Heerlein said this lets investors benefit from potential market gains while maintaining downside protection.
He noted working with a retiree who wanted higher returns than a savings account but still needed security.
A structured CD provided upside potential with no risk to their principal, giving them peace of mind.
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