What is a Short-Term Investment?
Short-term investments, also known as marketable securities or temporary investments, are financial investments that can easily be converted to cash, typically within five years.
What Is The Best Short Term Investment In Uganda
High-yield savings accounts
A high-yield savings account at a bank or credit union is a good alternative to holding cash in a checking account, which typically pays very little interest on your deposit.
The bank will pay interest in a savings account on a regular basis.
Short-term corporate bond funds
Corporate bonds are bonds issued by major corporations to fund their investments. They are typically considered safe and pay interest at regular intervals, perhaps quarterly or twice a year.
Money market accounts
Money market accounts are another kind of bank deposit, and they usually pay a higher interest rate than regular savings accounts, though they typically require a higher minimum investment, too.
Cash management accounts
A cash management account allows you to put money in a variety of short-term investments, and it acts much like an omnibus account.
What is the best thing to invest in Uganda?
Investment opportunities in Uganda exist in mining stone for the construction and building industry, phosphates for agriculture,
salt for domestic and chemical uses, iron ore for the iron and steel industry, and kaolin for leather tanning and pharmaceuticals.
Are short-term investments a good way to make money?
You likely won’t be able to earn as much in a short-term investment as you would in a long-term investment.
If you invest for the short term, you’ll be limited to certain types of investments and shouldn’t buy riskier assets such as stocks and stock funds.
What is the highest-paying short-term investment?
Treasury bill ladder.
High-yield savings accounts.
Certificates of deposit.
Series I savings bonds.
Peer-to-peer lending.