Are guaranteed investments suitable for long-term investment goals?

Guaranteed investments are generally suitable for shortterm investment goals, as they typically offer lower returns compared to other investment options. Moreover, the guaranteed returns are often subject to restrictions, such as minimum holding periods or penalties for early withdrawals, which may not be ideal for longterm investment goals. Longterm investment goals typically require a diversified portfolio that includes a mix of equities, bonds, and other investments that offer the potential for higher returns over time. While guaranteed investments can provide stability and security, they may not be the best option for longterm growth. It's essential to consider the investment time horizon and risk tolerance while selecting investment options for longterm investment goals.