How to invest 20000 dollars? There isn’t a one, great way to spend 20,000 dollars. With that amount of money your options are much wider than if you had only 2000 to invest. If you plan to use your 20000 for something in the near future (car, house) you might like to invest it in a money market account. There risk is very little and the return is up to 5%. If you plan holding money longer then a balanced mutual fund or highly rated equity would be a great deal.
If you can afford losing that money you may want to invest it in some kind of business, partnership, stocks, forex or real estate. A great idea is investing in your own business, although 20,000 dollars might not look like a sufficient sum of money...Read More