Many people want to save money for a variety of reasons. Many people choose to save money in the traditional way of a savings account or similar method. However, many people choose to save money through investments. The use of investments to save money has been a popular way for many years.
There are numerous benefits that some people have with investing money over using methods such as a savings account. One of the main benefits is that the interest rates received from investments tend to be significantly higher than the interest rates achieved through methods such as savings accounts.
Interest rates are very important related to saving money because typically the higher the interest rate the more money that can be earned over a period of time related to the money. While placing money in investments tend to produce higher interest rates, there is the chance that the people who make the investments could lose money. This is one of the reasons why some people prefer not to place their money in investments.
For people who want to use investments, one of the best ways is to select a company that can invest and mange the money for people. One of the best investment companies in the investment industry is the Capital Group. The company has a new chairman who is Timothy Armour. The reason the Capital Group had to select a new chairman is because the former chairman James Rotherberg passed away, and the company had a succession plan in place to select a new chairman.
Timothy Armour has a lot of experience in the investment industry. Timothy Armour has worked in several investment positions in his career that includes working as an investment analyst. A graduate of Middleburry College, Timothy Armour has demonstrated with the other positions that he has held at the Capital Group that he is ready to take on the challenge of being the new chairman for the Capital Group.
As one of the leading companies in the investment industry, the Los Angeles based Capital Group has earned a reputation as an excellent investment company. The company is a proven company in the investment industry that provides great investment results for its clients.