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Let us say that you are a caregiver for your senior parents, spouse, or even siblings and that you all have money that you want to invest. It is just sitting in a bank account collecting virtually no interest? As a caregiver who could also be a senior, you cannot afford to lose these funds with too-risky investments. So, where can you make extra money without a lot of risk?

Photo Credit: NumberSleuth.org

Secure Financial Investments for Seniors: Go for the Gold

Gold is the place to be, still. In times of recession, the value of gold tends to rise as many people move away from currency and into precious metals. Long held as the premium of precious metals, the value of gold continues to rise over the long-term, though it may dip and ebb from time to time. Research your investment by using The Gold Video blog or other resources prior to buying. You do have other options including:

• Gold futures allow you to buy gold based on the likely changes in the demand for gold on the open  market
• Buying gold coins, especially rare coins, is a good way to invest.
• Buying bullion is an option as well; though it is one that requires more storage space.

Secure Financial Investments for Seniors: Think Treasury Securities

Caregivers and seniors may benefit from investing in treasury securities as well. These have the backing of the U.S. government, making them very safe for caregivers and seniors who do not want to take on risks. Purchase them directly from banks, credit unions or the government offices. The securities range in what they can earn and investment length. Three such options are:

• Treasury bonds, which may be one of the most commonly sought after investments with ample protection and the flexibility to invest as little or as much as you like.
• Treasury Inflation protected Securities which rise in value through a base rate plus the rate of inflation.
• Savings bonds, which are a simple, direct investment option without much risk and a slightly higher earning potential that the standard savings account.

Secure Financial Investments for Seniors: Make the Short-Term Investments Decision

Often, it is best for caregivers or individuals over the age of 60 to keep most of their money in retirement accounts, but other short-term investments may be ideal if the risks are right. Short-term investments allow for less risk and liquidity in times of need. That can make a big difference in some cases. There are many forms, but the best options for seniors include the following:

• Short-term certificates of deposit whose earning potential is not as big as a stock, but with six-month to five-year options, the liquidity here is ideal.
• Money market funds which offer less risk than most other types of funds but still provide a decent earning potential.
• Short-term debt instruments, including US government debt instruments and municipal bonds which provide earning potential without risk and offer government-backing.

So, what if you are a bit older or are caring for someone who is older? You both can still make some money by investing in precious metals, some types of less-risky stocks and bonds. For many caregivers, investing money for a longer period of time and living off the interest is a real option. Make it your choice.

About the author: Natalie Bracco is a contributor financial writer on the Gold and Video blog, where she writes about gold news and updates. You can read more of her financial and investing advice by following her on:     Twitter @nataliebracco.