6 Financial Experts Share Their Best Way to Invest $10,000
Robert Arnott once said, "In investing, what is comfortable is rarely profitable."
Deciding how and where to invest your money is not always an easy decision, nor an easy process.
Consider for a moment, how would you decide what is the best way to invest $10,000 today? Or what if you were trying to decide how to invest $1000?
There are many possible avenues depending on your level of experience and goals as an investor.
In exploring this topic, we asked a few of our Online Trading Academy instructors to weigh in. Here's what they had to say:
There are many things you can lose –your home, your job, $10,000 cash, a motorcycle…and so on. What “they” cannot take is your knowledge. I would trade $10k
anytime for the right piece of education.
Mike Mc Mahon
Online Trading Academy provides investors and traders with the knowledge tools they need to be successful in finding high-potential, low-risk opportunities
in good markets or bad. Students also learn how to conquer emotions and bad habits which may have gotten in their way,
and how to build a methodical trading plan
that is appropriate to their interests, the time they have available and their long-term goals.
If I had $10,000 to improve a flip house (3 bed, 2 bath) I would do the following: scrape ceilings of cottage cheese, new flooring throughout (in
older homes you often find hardwood under the carpet, best and easiest thing to do is pull up the carpet and have the floors refinished), fresh coat of
paint (I like a soft sand color with a bright white trim. It's warm, clean and allows the buyer to create a vision), clean up landscaping (add bark to
flower beds and plant colorful flowers to add curb appeal), paint the front door. This $10,000 investment should get you a 50% return on your investment
At OTA Real Estate, investors learn strategies for using property to generate income, build long term wealth or both.
Fix-and-flips, multi unit buildings, foreclosures, auctions and more offer unique opportunities to gain a market edge.
I think the best way to invest $10K is to pay off debt, add to your IRA, and anything left over add to your vacation fund.
In the OTA Financial Matters curriculum, students learn money management strategies that everybody needs but none of us heard about in school.
Taking steps to improve your credit rating can help you pay off debts at a lower interest rate. Creative investing in an IRA or 401(k), using ETFs, can help you
build up retirement security faster. And with improved quality of life from better financial management, you’ll be able to take more vacations and enjoy them more.
Fund a Trading Account
What would I do with $10k? I would fund a trading account, where I would look to generate a 3-5% monthly return without touching the principle.
The money spent on education can save us so much down the line in our learning of doing something new! We need to respect that money we pay out by putting in
the time that it took to earn that money. I believe in lessons, so given $10,000 I would put it on lessons.
Invest in the Stock Market
The best use of $10,000 today is to invest: 1/3 in Gold, 1/3 in SLW, and 1/3 in MSFT.
What do you consider the best way to invest $10,000 today? Get your start by attending a complimentary Half-Day Class at Online Academy. Check out the schedule of upcoming courses in your area.