The Three Different Types of Saving and Investing Strategies

Below are the different types of investing strategies that you need to build wealth. In the order from short-term to long-term. I hope this all helps.

Checking Account, Savings Account: Short Term – Designed to store money for a short period of time.

High Yield Savings Account, CD (Certificate of Deposit): Medium Term – A place to store money for the interim.

Bond Investments, Stock Investments: Long Term – A place to park your money.