12 Best Investment Options in 2024

5. Corporate Bonds

Corporations issue corporate bonds. These corporations raise money by giving these bonds. This is a good option if you are looking for an opportunity with high yield returns compared to government bonds. Bidding these bonds for short periods is advisable to reduce the risk from fluctuations in interest rates.

These bonds are not precisely risk-free as they are not FIDC insured. The company can face defaults or a significant loss and thus be unable to pay returns. It’s better to invest in highly reputed corporations to secure yourself. You can buy corporate bonds from brokers who are allowed to trade and mutual funds. Remember, mutual funds take a commission.