20 Best Ways to Invest $100,000 – 24/7 Wall St.

If $100,000 burns a hole in your pocket, you can spend lavishly on material goods or travel, try your luck at a casino, or gamble on online sports. Or you invest the money.

Based on the report, 24/7 Wall St. compiled a list of 20 of the most common types of investments and explained common successful investment strategies How to invest $100,000produced by financial technology company SmartAsset.

Before you invest, take some time to find out what type of investor you are and what your risk appetite is. This allows you to determine what kind of investments you make and what services or companies you use. It might also be a good idea to enlist the services of a financial advisor before taking the plunge into investing.

If you want to invest $100,000, there are many options available to you – mutual funds, exchange traded funds, index funds, to name a few. Investing in real estate and related funds has also been part of the strategies of many investors. To minimize risk, investors should consider strategies such as dollar cost averaging, where you invest a fixed amount of money at regular intervals, or other strategies. (These are Cities where investors buy the most real estate.)

Investors should also look into employer-related investment options like 401(k) plans and individual retirement accounts. (Here is what it costs to retire comfortably in each state.)

Those looking for other safe havens for their money should look out for certificates of deposit, money market accounts, and high-interest savings accounts.

Click here to see the 20 Best Ways to Invest $100,000.

Sponsored: Investing Tips

A financial advisor can help you understand the ins and outs of investment real estate. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool matches you with up to three financial advisors operating in your area, and you can interview your advisor matches for free to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, go get it started now.

Investing in real estate allows you to diversify your portfolio. But expanding your horizons can come with additional costs. If you’re an investor looking to minimize your expenses, consider checking out online broker. They often offer low investment fees and help you maximize your profits.