Investing. Such a buzzword for 20-something’s right now! The world of investing can be really interesting and fun but there is also quite a bit of conflicting info out there on best practices. I know it still confuses me sometimes and can get super frustrating. A new company called MyConstant makes investing easy and less risky for people who are new to it! MyConstant is a platform that is based on peer to peer investing rather than using a big company like Fidelity or Vanguard. You can invest US dollars or crypto if you are into that!
I personally shy away from crypto because I simply don’t know enough about it to make an educated choice. This is something I should learn about at another time, but right now, I am focusing on real dollars that I’m seeing in my bank account. Since we’re talking about investing, let me give you a brief overview of MyConstant’s investing platform. Basically, you put money into an account (like a regular bank account) and it accumulates interest. The basics of investing! You get an automatic 4% interest rate but you can make up to 7%! This is certainly better than the teeny interest rates that regular savings accounts offer, so I would keep my money here and not spend it for a while. The key is to let it grow!
Now, the key here is peer-to-peer investing. This means that you can invest your money into someone else’s project for a fixed amount of time. This is essentially what we do with our regular bank accounts, except they are making money off of us with little to no return on our investment. So, with MyConstant, you can invest your money aka let them hold it for you, and get some money back! Additionally, they offer borrowing services. This means that you can borrow money from MyConstant to create a business or idea. The money that MyConstant loans is from other people who use it to invest! That’s what peer to peer investing and borrowing is about.
The benefits of using this platform are incredible! Not only do they offer an average interest rate of return of 7.28%, there are no fees associate with an account at MyConstant. Bank fees can add up and you rarely even realize it, so this could save you lots of money in the long run. I am excited about this platform because you get a better rate of return on your money with MyConstant instead of letting it sit in your savings account and stay stagnant.
MyConstant offers a variety of strategies to keep your money safe on the platform. If you lend money through investments, and the borrower defaults, you will still be paid out your earnings because of their loan originator buy back guarantee. They also have a 100% recovery rate for funds invested, so even if the borrower defaults on the loan, you get your money back!
Currently, MyConstant is offering new users a $4,000 trial bonus to see how the investment will grow over time! So you get to see the reward, without any risk! Use this link to set up your own account and get started investing! For more articles about personal finance, click here!
Disclaimer
All opinions expressed on this website are my own, and my recommendations are honest and true. I may receive a commission on purchases made through my website, at no cost to you, the reader. I am excited about sharing products with y’all and I hope you enjoy what I have to offer! I will continue to update this page as I learn more about the process of blogging!
