How to Invest 10000 Dollars in 2015 and 2016
by Moonlight Wealth Seo ExpertOkay, so
let's say you have ten thousand dollars to invest. Let's go further today that
you need to make the money back quickly.
But first
make sure that the money is disposable and you don't need it for everyday use
(or for bills).
If you want
to see what I would suggest you can scroll to the bottom to find what I
consider a solid investment.
But here are
a few options to consider:
Mutual funds
and exchange-traded funds (ETFs) are a good way to get started. Wealth front is
perhaps the largest and fastest-growing online financial advisor in the
industry.
Based in
Silicon Valley, Wealth front was the first to reach $1 billion in assets under
management (AUM), and they did it in just two and a half years. Wealth front
has removed all commissions and account maintenance fees, by charging just
0.25% of AUM in your account. And the first $10,000 is managed for free.
http://www.thesimpledollar.com/go/Wealthfront/1307/
Tim Ferriss,
notable author of The 4 Hour Workweek, has an investment fund. The minimum
investment is $1,000, but his typical investment is $10,000.00.
https://angel.co/tim/syndicate
Beginner
investors can purchase a major index like the S&P 500 via mutual funds or
ETFs. This ensures you’re diversified across a large group of companies and
sectors. For instance, the S&P right now is made up of Apple (NASDAQ:AAPL),
Exxon Mobil (NYSE:XOM), General Electric (NYSE:GE) and other well-known
companies across a wide range of businesses. You can buy a little bit of all
those companies by buying the entire index.
Boost 401(k)
Savings
Boosting
your 401(k) savings is a great idea, especially if your employer matches
contributions. Say your employer matches your contributions up to 5% of your
pay, but you're currently only contributing 3%. In that case, you're
essentially forfeiting 2% of your monthly salary. Consider increasing your
contributions at least up to the company match. The contribution limit for this
year on 401k plans is $17,000.
Start a
College Fund for Your Children
You may also
want to take your nest egg and invest it in your child's college fund. Your
best bet is a 529 plan. The cost of college is staggering, and anything you can
do to help pay for these expenses can help your children lessen their reliance
on student loans. Depending on where you live, you may be able to deduct your
contributions on your state income tax return.
Increase
Your Mortgage Payments
Say you're
10 years into a $200,000, 30-year fixed mortgage at 6%. Bumping up your payment
by just $100 could save nearly $19,000 over the life of the loan, and you'll
pay off your mortgage almost three years earlier.
But to read
my recommendation click on the link below:
http://bestsellerbookreviews.org/invest-10000-dollars/
Sponsor Ads
Created on Dec 31st 1969 18:00. Viewed 0 times.