What are the best ways to invest $10,000?

While this might not seem like a life-changing sum of money, if invested properly over time it could grow to become a very tidy nest egg. Whether it comes from a sudden windfall, an inheritance or a winning lottery ticket, let’s talk about the best ways to invest $10,000. Bolstering your retirement savings is a great use of $10,000.

How do I invest 10000 dollars?

Here are the best ways to invest 10,000 dollars: 1. Start a High Yield Savings Account An HYSA is online-only, FDIC-insured savings account with a high annual percentage yield (APY). They tend to outperform traditional checking accounts, while also providing flexibility to move money around as needed.

What should I do if I have a $10,000 investment?

Investing in mutual funds or exchange-traded funds is another option for your $10,000. Mutual funds and ETFs pool money from many investors to purchase a diversified portfolio of stocks, bonds or other securities. Mutual funds and ETFs offer several advantages, including diversification, professional management and liquidity.