Explanation:
Eight varieties of saving and investment options include certificates of deposits, mutual funds, annuities, savings accounts, stocks, bonds, , real estate and commodities . A few are explained below:
Savings account:
A savings account is a great place to keep cash that you don't plan to spend immediately
MF (Mutual fund):
This invests the money in various asset classes like equities and bonds. An AMC(asset management company) makes these investments on behalf of the investors.
Real-estate: Residential, industrial, buildings and lands constitutes of real-estate.
