You have a $100,000 lying around, and you have no idea what to do with it. You’re in a position that many people would love to find themselves in. Blowing your money isn’t an option since you’ve got to find a way to turn that hundred grand into more money.
If it were up to many, they would go on a trip around the world and blow as much cash as possible. you’re the type of person who thinks about the future, and that’s why you want your nest egg to grow over time. Here we’re going to give you some great ideas on how to invest 100k.
1. Invest in the Stock Market
You saw this one coming a mile away. What stock do you invest in? Some people are going to tell you to spread your money out to minimize your risk. Spreading your investment also means not making the most that you can.
What happens if a stock takes off like a rocket, and you only have a tiny percentage of your money invested in it? You’re not going to make much, if anything, when the stock climbs up in price.
If you’re the gambling type, then put a significant portion, or all of your money, in one stock. Make sure that it’s a rock-solid stock with plenty of growth potential. If you’re willing to take the risk, then the reward can be massive in a short time. It’s not unheard of for a stock to double its value or more in a year or less.
2. Further Your Education
Here is an investment that almost all of you will overlook. What about taking at least a portion of your money and using it to further your education? Have you ever thought about getting a new degree or going for a masters or doctorate? If not, why not?
If you invest the money into yourself, it will have the most significant return. You are by far the most important thing you’ll ever invest in. Yes; the returns won’t be immediate, and no, they are huge right away.
The return on your investment compounds throughout your life when you go back to school. Think about how much more you’ll earn until you retire if you could get a better job. Investing in yourself always has the highest returns and those who understand that end up living a life of success.