What is a good investment for 10000?

Using $10,000 in savings to invest or pay down debt is a financially savvy decision. A few of the best investment options include increasing your 401(k) contribution and opening an IRA or 529. Using your savings to make additional payments on your mortgage may make financial sense.

How can I invest 10K in stocks?

Below are some of my best recommendations for how to invest 10k.

1. Stash it in a high-yield savings account.
2. Start or add to your emergency fund.
3. Try out a self-directed brokerage accounts.
4. If you’re a beginner, stick with mutual funds and exchange-traded funds (ETFs)
5. Use a robo-advisors for hands-off investing.

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.

How can I invest $100 a month?

If you want to be completely safe, you can invest the money in high-yielding CDs or a high-interest savings account. These days the best rates are coming from online banks. For example, CIT Bank offers its Savings Builder Account. You can open an account with a minimum of $100, and secure an APY of up to 2.20\%.

How can I grow $100K into $1 million?

The first step in growing $100,000 into $1 million is taking stock of where you are right now. If you’ve got at least $100,000 to invest you might be doing pretty well in the savings department. But you should also take into account things like how much debt you have, your income and earning potential and your overall financial goals.

Should you put 10000 dollars in the bank or invest it?

So if you don’t have an emergency fund to pay for large, unexpected expenses, you might want to put that $10,000 in the bank. Or if your goal for the cash is short-term — a down payment for a house, next year’s vacation — there’s another reason not to invest it.