Do you have $30,000 burning a hole in your pocket? You’ll be rewarded if you can invest it for the long haul. As this compound interest calculator demonstrates, investing $30,000 at a return of 8% for 20 years will leave you with $138,828. If you can secure a return of 10% over that time, you’ll end the 20 years with $201,825.
But where should you invest your $30,000? There are many options, but your top priority should be choosing an investment that aligns well with your goals and risk tolerance.
With that in mind, I wanted to review some of my top suggestions for investing $30,000 in 2023. Most of these options are passive in nature, and remember that you can spread your initial investment across more than one option if you prefer.
16 Best Ways to Invest $30,000 in 2023
- Index Funds
- Invest in ETFs
- Invest in Fractional Shares