5 Tips and Tricks To Build Wealth Without Buying Real Estate

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5. Invest in Bonds

Bonds serve as debt instruments utilized by governments and corporations to raise funds. They come in various forms: corporate bonds issued by companies, federal bonds issued by the government, and municipal bonds issued by government agencies. When investors lend money through bonds, they receive repayment with interest. Although bonds typically offer lower returns compared to stocks, they are less risky. However, when incorporated into a portfolio alongside stocks, bonds play a critical role in reducing overall portfolio risk.