How to invest $5000 is a common question I get. Investing $5000 can be a great opportunity. If investing in the stock market, do your research before deciding how to invest $5000 you have to spare. This video should shed some light on how to invest $5000. MY EBOOK! http://www.ryanoscribner.com/stock-trading How To Invest $5000 | 4 Ways… 1. Roth IRA If time is on your side, you should invest $5000 in a Roth IRA. This is a long term retirement investment that is separate from a traditional 401k. With a Roth IRA, taxes are paid ahead of time and the earnings grow tax free. If you are under 50 and earn less than $117,000 a year, you can contribute up to $5,500 towards a Roth IRA each year. One perk with a Roth IRA is that you can use up to $10,000 of earnings from this investment towards the purchase of your first home penalty free. The most popular Roth IRA providers are Fidelity and Vanguard. This is the best way to invest $5000 long term. 2. Certificate of Deposit If you plan on using the money in the near future, invest in a certificate of deposit. This will give you short term access to cash with a guaranteed rate of return. CD’s offer a small rate of return, but anything is better than nothing. Remember, with a CD you have to commit to the maturity date. This is a great option for people looking to invest $5000 short term. 3. Stocks If you want to be a more active investor, invest $5000 in a small stock portfolio. Remember, the more diversified the better! You may want to invest $1,000 in five different companies, invest in lower risk dividend stocks for a consistent cash payment from the stock market or go all in on one company you really support. While investing in individual stocks shouldn’t be your primary investment, it can be a great way to learn about investing. Investing in stocks is a good way to invest $5000. 4. Start a Business If you want the best ROI, and you are willing to put in the work, your best bet is to invest in your own business. Here are a few examples of businesses that have a small upfront cost of less than $5000: Virtual Assistant, Application Development, Renting Event Equipment, Starting a Vending Business and Starting a Handyman Business. You could start a business as your main source of income or use it to supplement your income from other sources. Starting your own business is a great way to invest $5000. In my opinion these are the best options of how to invest $5000. If you are trying to learn how to invest $5000, I recommend following one of these four options above. Your best option for how you should invest $5000 is to invest in your own business. These are the investments that pay you back the most. Website http://www.ryanoscribner.com Follow me on Twitter! https://twitter.com/RyanOScribner Facebook! https://www.facebook.com/ryanoscribner/ Personal Fitness Coaching http://www.ryanoscribner.com/shop Related Articles: The 7 Best Ways to Invest $5,000 of Your Savings https://www.fool.com/investing/general/2014/09/06/the-7-best-ways-to-invest-5000-of-your-savings.aspx How To Invest Your First $5,000 https://www.forbes.com/sites/alexandratalty/2015/01/13/how-to-invest-your-first-5000/#45852dc46204 The Best Ways to Invest $5,000 https://www.nerdwallet.com/blog/investing/best-ways-to-invest-5000/ If this video brought value to you, please leave a like! If you are looking to find out more about anything I discussed, drop me a comment or contact me on Twitter. Subscribe to be updated on my journey through life! About Me: My name is Ryan Scribner. I am a nutrition and fitness crusader and I consider myself to be a life student of personal development. I am also an investor. I went from being an overweight college student to living at 8% body fat. About two years ago when I started weight lifting, I was completely clueless. I never played sports in high school and I had no base level of fitness established. I made many mistakes, but over time I developed an understanding. I want to help others develop the body, spirit and mind they deserve. In making mistakes along the way and learning from scratch, I have a lot of value to bring to the table. I recommend my content to those interested in the accumulation of wealth, fitness and nutrition as well as personal growth and development. Recently, I made my own happiness a priority after living with depression for over a year. I want to share with you exactly what I did to get to a state of perpetual lasting happiness. I have also spent a great deal of time learning about investment and wealth accumulation. While money alone doesn't bring happiness, it allows you to experience many things which do bring happiness. Start the journey. Involve the right mentors and coaches. Learn.
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