Ever wondered how you can invest $10,000? Well, you can always go blindfolded and invest in the first thing that falls on your mind. But, investing such amount of money in something you aren’t sure about isn’t a smart thing to do. Instead, here are some of the best 10k investments in 2019.
How To Invest 10k In 2019 – Invest Big, Earn Bigger
Starting off our list, we have real estate. Without a hint of a doubt, real estate is a wonderful investment. But, since you can’t purchase an investment property for $10,000, you can focus on investing in REITs (Real Estate Investment Trusts). REITs possess high liquidity, meaning that they can be traded the same way as stocks. On top of that, the dividend payments are simply outstanding.
Peer-to-Peer Lending allows you to earn above-average interest rates, with fixed income to equities. The websites focused on PTP Lending allow both investors and borrowers to connect, creating a seamless lending environment that excludes banks, as well as their high taxes and restrictions. On the other side, these investments are a bit risky but if you have high enough interest rates, this shouldn’t be a problem.
Auto-Pilot investing is very similar to robo-advisor. In fact, we can put the robo-advisor in this category, as it does things on its own, without you having to get your hands dirty. There are tons of websites out there and the fees are usually very low. You’ll have to pay around 0.5% of your total annual revenue, which is silly, compared to how powerful this tool is.
Your Own Business
Finally, you can invest in your own business. Don’t just tell me it’s impossible. Thanks to the internet and its possibilities, you can now start your business with a couple of thousands of dollars. In that case, $10,000 should be more than enough to kickstart your business.