Do you have to invest 10000 euros? Well, if you don't know about things to invest today, in this article we will provide you with all the information you need, including tips and solutions available.
What would you do if an old relative put 10 thousand euros in your hand? Would you go shopping in the best street of your city, would you put them in a savings account or would you help to follow the latest fashions on train investment today?
Before making any decisions, consider your needs. Develop a strategy to increase your chances of increasing your capital (but if you don't want to invest all 10000 euros don't worry, you can start with less!).
You set your goals and deadlines, paid your debts and funded your retirement account. Now is the time to figure out where to invest what's left today.
Here are some of the investment options available today for investing € 10000, starting with the ones that can offer you the greatest profits, but which are also the highest risk.
Invest 10000 euros in stocks
How to invest today? You don't need to consult a real-life stock broker to trade stocks. Today you can do it safely from home with an online financial intermediary.
Choose a company that offers you a platform with a user friendly interface and educational resources for newcomers. Once you've chosen your favorite online broker, create an account. By becoming his client, you will have access to many more resources.
Read, learn, learn, analyze the past history and trust the future forecasts of the professionals. Finally, choose one or two stocks to invest in. Don't invest too much at the beginning, at least not until you have mastered the mechanisms.
When you understand everything, create a plan, an investment strategy. Decide the amount you want to invest and how much you can afford to lose. In this way, you will eliminate the emotions of the trading process.
Seeing your actions go down could lead you to make rash and completely misguided decisions. Decide on a strategy and follow it.
Consider a broker who:
- Offer low trading fees
- Let you create a free account
- Offer an easy-to-use platform
Invest in mutual funds
Investing 10000 euros in mutual funds can diversify your portfolio. Instead of investing in a single public limited company, ETFs diversify into stocks, short-term investments and bonds. In this way it is possible to invest 10000 euros simultaneously in many securities.
First, you will need to choose an intermediary. Charles Schwab, Vanguard and Fidelity are among the most popular.
Long-term goals, such as retirement, get along well with index funds. These funds mimic a specific index, such as the S&P 500. They offer diversification and a long-term investment strategy.
Returns on index funds imitate market returns. They require very little management and often have lower commissions.
Invest in bonds
Investing in bonds today basically means lending money. However, it is possible to invest 10000 euros in bonds just like you would with stocks.
Overall, bonds tend to be more predictable than stocks. There are three main types of bonds:
- Corporate, which are offered by companies seeking to raise capital
- Muncipal, which are offered by cities, nations and states to finance public projects
- Treasury, or T-bonds, which can be purchased directly from the United States government
The bonds also receive different ratings based on the credit of the issuer. Typically, you can calculate the return before buying a bond based on the rate and maturity period.
But as with any investment, bonds carry some risk. For example, when interest rates rise, bond prices fall. This means that if you choose to sell a bond before the expiration date, you can get a price lower than the price paid.
Generally bonds must be purchased through a broker, although treasury bonds can be purchased directly from the government.
Try a Robo Advisor
If you believe that investing 10000 euros is not enough to become a client of an expert financial advisor, consider a Robo Advisor. A robo advisor is an automated consultant - a software program - that invests on your behalf.
Choose a popular robo-advisor to avoid scams, which offers low rates and no minimum or very low deposit. With a good robo advisor you can get automated portfolio management and access to financial experts.
Invest 10000 euros in a savings account
When we talk about savings accounts, we don't mean a classic local bank account. These offer rather modest, if not zero, returns.
We mean online savings accounts where you can get 10 times higher returns than your local bank offers.
Before investing in an online savings account though, there are a few things you should consider.
- Make sure the chosen resource has a good reputation
- Read the Terms and Conditions regarding withdrawals from your account
- Make sure you can access your money as and when you want
- Check what the withdrawal fees are (if available)
- If you prefer to have a credit card connected, look for those who offer this service
Invest in yourself
It is the slowest form of investment and the one that probably does not guarantee you any results (but only if you are a real empty head). The investing forums today recommend investing in yourself, have you ever thought about it? Could:
- Take online courses
- Go back to school full time
- Hire a personal coach
or you can find other ways to improve yourself. Regardless of the path you take, you will gain new knowledge and skills.
You can therefore bring these skills into the world of finance and investment to make money. They can offer new job opportunities, especially if you add a designation to your title.
Some designations offer you the opportunity to be listed in an online directory, such as a CPA. This can result in higher earnings for you and your family. It is also a great way to enter a new industry. Money can help you make smarter decisions, try new opportunities, and make more money.
Did you like our investing tips today? Let us know in the comments below!