How to invest 20k in cash?
Hi, Like the title says . How to invest 20k in cash?
I do just require some advice from someone already experienced in this industry as to how I should start this journey.
Let me give you the basics so you can best advise me on my situation...
Im 33 years old I’m from NWI Indiana I own a home so that mean I’m definitely going to need at least 20% down because this is not my first time buying a home unless I’m wrong here. I have saved hard and my capital is currently sitting at 20k.
My goal is to increase my cash flow ASAP as well as increase my portofolio size ASAP. I suppose you can say im looking to replace my wage ASAP as well as build up a large diverse portfolio in a short amount of time.
With a small starting capital I understand this may be difficult which is why im after advice on the best route to go down, baring in mind I am well aware of all the different strategies available I feel advice will help me make a further informed decision so i can plan and strategise effectively. Or should I go a different route instead with the 20k?
Please let me know what you think. Would investing the full 20k into investment properties be a better strategy baring in mind my goals?