Where should you put your money for long term goals?

The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb that you should save 10\% to 15\% of every paycheck in a tax-advantaged retirement account like a 401(k) or 403(b), if you have access to one, or a traditional IRA or Roth IRA.

Can I invest 5000 in mutual funds?

Saving Rs 5,000 every month in equity mutual fund at an assumed growth rate of 12 per cent can grow to about Rs 50 lakh after 20 years. On a longer time frame of 25 years, savings of Rs 5,000 or Rs 10,000 will get you nearly Rs 95 lakh and Rs 1.9 crore, respectively at an assumed growth rate of 12 per cent.

Where is the best place to put your money right now?

Best investments for short-term money Bank products and Treasurys are safest, corporate bond funds slightly less so. CDs and bonds are relatively low risk compared to stocks, which can fluctuate a lot and are high risk.

What is the best way to invest money for long term goals?

When it comes to money for other long-term goals, such as buying a house or starting a business, opening an investment account through a brokerage is the best way to put money aside. Within these accounts, index funds and exchange traded funds (ETFs) offer low fees and the best value.

Is there a place I can invest $1000?

Yes, there are places you can invest $1,000. And, some of them are pretty nifty, as well. But, it’s not enough to know some places to invest – you should learn some best investing practices. I’ll teach you those along the way, too.

What’s the best way to invest $10K?

What’s the best way to invest $10,000? There are lots of good options. You could fund a 401 (k) or IRA, or you could open a brokerage account. That $10,000 is enough to more than meet most online broker minimums. We’ll help you walk through those options below.

What’s the best way to invest your money?

“Instead of parking money in a savings account, just put it in [investments],” he says. Doing so can help improve overall returns. Windle likes this short-term investment option for those who may have a few years before they need money. “They follow a bucket of stocks and indexes,” he says.