Increasing wealth is on everyone’s agenda. It not only makes life more comfortable, but also reduces our worries when we know we have some cash piled up. Now saving can certainly be a challenge for many, but an investment opportunity such as a Limited Partnership offered by Jakob Pek Fund, can maximize your savings and earn you higher yields on that hard-earned money. All while making it easy to retrieve or reinvest your principle investment and any interest accrued at the end of the investment term. With terms that range between 6 months up to 3 years, you have the flexibility of investing for both short and long-term goals. Here are 6 ways, investing in a Limited Partnership with Jakob Pek Fund, can help you multiply your earnings for these big, life moments, while still keeping your principal safe and liquid.
Hosting a Wedding
So, your daughter is engaged. Congrats! The emotional moment has finally come. You not only have to give her away to a man she loves, but you have to shell out the big bucks to do so. It’s a stressful moment (joyous, nonetheless) both emotionally and financially. According to The Huffington Post, the average cost of a wedding is around $30,000.00. That’s a nice tab (that doesn’t include the honeymoon) for you to pick up. So what’s a dad to do? Well, usually planning a wedding takes between 1-2 years, which gives you some time to stash off some more cash. A $10,000 investment in a limited partnership could also multiply your savings a bit faster. At a 5% APY, your $10,000 can earn an extra $1,025.00 over the course of 24 months, which could be used towards that beautiful wedding gown she looks absolutely stunning in.
Buying a Home
There’s no greater feeling, than that of home ownership. It’s a huge responsibility, that most aim to hold (Who doesn’t want to own a piece of land?). However, the tedious process of buying a home can be a challenge in itself with pre-approvals, credit checks, mortgage applications, appraisals, and fees galore. One of the most important steps of buying real estate is having the required funds for the purchase. A couple who’s saved up $20,000 can increase those savings over the next 5 years to $26,139.20 (with no monthly or annual contributions) with a 5.50% APY from Jakob Pek Fund — making it easier to gather the necessary means for that dream home, or vacation property.
Your Child’s College Education
Every parent wonders how life is going to change when their kid goes off to college. Not to mention, how much is it going to cost? According to The Washington Post, the cost of a higher education “averages about $40,000 a year at a four-year, private institution and $17,000 at a four-year public institution”. It’s an expensive reality that leaves many parents draining their retirement savings, to prepare their kids for a brighter future. A limited partnership investment of $15,000, at a 5.50% APY will increase your savings to $25,622.17 over the course of 10 years (with no additional annual contribution). That’s an extra $10,622.17 in interest accrued that can cover more than a semester.
A Family Vacation
When was the last time your family took a much needed getaway to somewhere far and desired? For many families, travel becomes more of a luxury as the expenses add up. It can be costly to travel as a family of four (or more), but don’t limit your vacations to staycations. Plan for an educational, yet rich experience that both the kids and the adults will enjoy. Add another $450 to your $10,000 savings with a 1-year LP investment at a 4.50% APY. A little extra cash goes a long way.
Planning for a big financial moment? View our current interest rates here.