What are the best ways to invest $5,000?

In this guide, we provide 10 of the best ways to invest $5,000. Start by choosing one or two, then expand your options as your portfolio grows, and you gain more confidence in your investing skills. 1. Invest in Your 401 (k) and Get Employer Matching Dollars Many employer-sponsored retirement plans offer an employer matching contribution.

How to invest $5,000 in a 401(k)?

In this articlehide 12 Ways to Invest $5,000 1. Pay Down Your Debt 2. Maximize Your 401(k) Contributions 3. Invest in Dividend-Paying Stocks 4. Fractional Shares 5. Invest in Index Funds Through ETFs 6. Invest with a Robo-Advisor 7. Open an IRA Account 8. Invest in Mutual Funds 9. Invest in Real Estate (REITs) 10. Invest in Art 11. Invest in Wine

Can a $5,000 investment make you rich?

A $5,000 investment can make you rich if given enough time. These stocks are small enough to multiply in size many times over the next two decades. The journey could be volatile, but the payoff could be huge. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Should I invest my $5,000 in a credit card?

If you prefer a more direct way to invest that money, consider doing a balance transfer to a 0% annual percentage rate (APR) credit card to eliminate the interest charges. Then you can invest your $5,000 in one of the other options in this list. Several credit cards currently offer a 0% introductory APR for up to 18 months.