Affluent Savvy
Affluent Savvy
Photo: Monstera
7 ways to invest $2,000 Index funds. ... Actively managed funds. ... Robo-advisors. ... Stocks. ... 401(k)s and IRAs. ... Real estate investment trusts. ... High-yield savings account.
Depending on the type of spider, it's best to try to leave it alone or relocate it away from where you are, or outside of the house. Avoid using...
Read More »
It's a good idea to keep a small sum of cash at home in case of an emergency. However, the bulk of your savings is better off in a savings account...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »Would-be investors hardly need to be millionaires to get started. No amount of money is too little to begin investing, and there’s no single best way to invest money that suits everyone’s needs and lifestyle. If you’re looking to put your $2,000 to work, you have several options. Here’s what to consider before investing your money. 3 questions to consider before investing 1. Do you need to create or shore up your emergency fund? No one likes to think about unexpected challenges like medical crises or job layoffs. But though investors can’t plan for these events themselves, they can plan to be able to handle them financially. As a rule of thumb, most financial advisors suggest building an emergency fund that would cover at least three to six months’ worth of household expenses. It should be in a liquid form like a savings account so the money can be cashed out quickly. 2. What are your goals for this money? Consider your goals and values on two levels. First, the personal: What are your financial goals and your time horizon for achieving them? One young investor may be looking long-term to their retirement plan, interested in putting their $2,000 to work earning compound interest over many years; a father in his 40s may be planning for a short-term goal like a family vacation. It goes to show no specific investing strategy is right for everyone. Some investors may also consider tying their personal values to their personal finance decisions. Socially responsible investing can help investors who want to make financial choices that can positively impact society and the environment, because it prioritizes companies with a solid track record in environmental, social, and governance issues (ESG). 3. How much risk am I willing to take? Investing is a balance of risk and reward. Lower-risk investments like bonds often offer slow, steady growth with a comparatively limited upside. By contrast, high-risk investments such as cryptocurrencies can potentially bring big wins—but also possible big losses, and these sectors tend to be volatile. Some investors may be looking solely for the safest investments, but they should be cognizant that all investments require some degree of risk tolerance. If that’s not appealing, one alternative to investing that $2,000 is opening or funding a high-yield savings account that offers interest rates that are better than average. 7 ways to invest $2,000 1. Index funds If you’d like to get into “the market” but aren’t sure which stocks to buy, you might consider buying into a fund that gives you exposure to the overall stock market performance. These funds are either mutual funds or exchange-traded funds (ETFs), and their goal is usually to try to match the performance of a market index, like the S&P 500. This is a passive approach to investing: It endeavors to mirror a benchmark. 2. Actively managed funds Actively managed funds are managed by professional investors who choose individual securities in an effort to beat the performance of a benchmark. Fund managers use research and analysis to look for investment opportunities either by finding undervalued shares or by timing the buying and selling of securities to beat their benchmark. These funds can be higher-risk and higher-fee than passive options like market index funds, but they may also offer the potential for greater gains. 3. Robo-advisors Another option for creating your portfolio is a robo-advisor, which is an automated online tool that manages your investments. Investors provide information like their age, investing time horizon, and goals. The robo-advisor uses that data to select a mix of investments, leveraging expertly created algorithms to make their picks. Those algorithms are informed in part by historical market performance data, and because moves are automated, investors don’t need to stay actively engaged in market goings-on. Robo-advisors also rebalance often, without investors needing to take action. Try Titan’s free Investment Calculator to project your potential investment returns. Learn more
For most people, there are three basic items you can't get along without: your wallet, key chain, and cell phone. Wallet. Your wallet holds all the...
Read More »
After laying on the floor with a rolled-up towel placed underneath your lower back, extend your arms and legs away from your body. Point your toes...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
Narcissists often use money as a tool for punishment. They may reward you financially when you do what they want, and then withhold money when they...
Read More »
110 Memorable Three-Word Quotes That Are Short And Sweet “I'll be there.” “I love you.” “Maybe you're right.” “I trust you.” “Go for it.” “Got your...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
Citrine. This popular gemstone is popular among those who believe in the power of natural materials. It is the stone of prosperity, wealth,...
Read More »
The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.
Learn More »
At the same time, the Bible also says that God will have work for us in heaven — and we ought to be glad for this. After all, if all we did in...
Read More »