Where is the best place to invest $20 000?

Where should I invest my money to get highest return?

Top 10 investment options

  1. Direct equity. …
  2. Equity mutual funds. …
  3. Debt mutual funds. …
  4. National Pension System. …
  5. Public Provident Fund (PPF) …
  6. Bank fixed deposit (FD) …
  7. Senior Citizens’ Saving Scheme (SCSS) …
  8. Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Where is the safest place to invest money right now?

Overview: Best low-risk investments in 2021

  1. High-yield savings accounts. While not technically an investment, savings accounts offer a modest return on your money. …
  2. Savings bonds. …
  3. Certificates of deposit. …
  4. Money market funds. …
  5. Treasury bills, notes, bonds and TIPS. …
  6. Corporate bonds. …
  7. Dividend-paying stocks. …
  8. Preferred stocks.

What is the best thing to do with a lump sum of money?

Pay down debt:

One of the best long-term investments you can make is to pay off high-interest debt now. This is especially true of credit card debt, which is likely costing you between 10% and 15% a year, which is much more than you can reliably make by investing your money.

How can I double my money fast?

Here are five ways to double your money.

  1. 401(k) match. If your employer offers a match for your 401(k) contributions, this can be the easiest and most guaranteed way to double your money. …
  2. Savings bonds. …
  3. Invest in real estate. …
  4. Start a business. …
  5. Let compound interest work its magic.
IT IS IMPORTANT:  You asked: How do you invest in investment trusts?

Where can I invest a small amount of money?

The best short term investments options are:

  • Savings Account.
  • Recurring Deposit.
  • Gold or Silver.
  • Debt instrument.
  • Stock Market/Derivatives.
  • Large cap mutual fund.
  • Treasury securities.
  • Money market fund.

Where do you keep large sums of money?

To store large amounts of cash it’s usually best to keep it hidden in a fireproof and waterproof safe that’s out of reach. Just avoid keeping all of your cash in one place. Having multiple locations helps protect you against the risk of losing all your money in one event.

How can I get a large sum of money fast?

19 Ways to Find Fast Cash

  1. Sell spare electronics. …
  2. Sell unused gift cards. …
  3. Pawn something. …
  4. Work today for pay today. …
  5. Seek community loans and assistance. …
  6. Ask for forbearance on bills. …
  7. Request a payroll advance. …
  8. Take a loan from your retirement account.