Your definition of windfall may vary, but there’s little argument that $10,000 is a healthy chunk of cash — certainly enough to give you cold feet when deciding how to invest it.
The good news is there are a lot of options: $10,000 is enough to more than meet most online broker minimums.
We’ve slimmed things down to five of the best ways to invest $10,000. Feel free to mix and match; there’s no rule that says you have to throw it all into one pot.
1. Get your 401(k) match
A guaranteed investment return is as rare as free money, and a 401(k) match gives you both: When you put dollars into the account, your employer puts dollars in, too. How many dollars depends on your plan’s matching arrangement, but 50% to 100% of your contributions up to a limit of 3% to 6% of your salary is a pretty common range. (If you want to do the math to see how much your match could be worth, try our 401(k) calculator.)
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