So, you have a little nest egg, or perhaps a family member just left you some money, and now you are wondering how to invest 20,000 dollars. You could take that great vacation you have been dreaming of, or you could just put the money in the bank and draw interest. Those are good choices, if you are not interested in getting rich. But if you are dreaming bigger and want long-term benefits, you may want to invest your extra 20,000 dollars in the stock market.
There are many ways to invest your extra money, but the best route is to diversify. Putting your money into several different ventures ensures that if one stock fails, you won’t loose everything. This is what I call “playing the odds”
Choose to invest in companies or products that you know people will need even if the economy takes a dive. For instance, people are always going to need health care, they will always need electricity, and they will always need funeral parlors.
Do your research; choose to invest the majority of your money in something you consider to be safe, something that is growing slowly, but steadily. Put the rest in something that you consider a bit more risky, but that offers a larger return.
Do not get emotionally involved. Remember, you are in this to make money. When the stocks are high, sell, and then re-invest your profit. The more research you do, the better choices you make; and the quicker you see that 20,000 dollars grow into a fortune!