RE: What should I do with 5k

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What should I do with 5k

in money •  7 years ago 

So, if I had $5k to invest today, I would split it like this:

  • $2k in cryptocurrencies (a crypto index fund made of 20 largest coins, similar to Blockchain Index Fund, BLX, that ICONOMI.net offers on its platform)
  • $1.5k in index funds via traditional IRA
  • $1k in a solar loan with 7% annual interest rate and no longer than 24 months loan terms via TRINE
  • $0.5k in precious metals such as silver and gold.

This is pretty close to how I invest a portion of my savings on a monthly basis (although the actual figures are obviously different).

money
7 years ago by

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      ·  7 years ago 

    Interesting - solar loan... I haven't heard of that. I'll definitely check out. I agree, investing is super important. I wanted to approach it as if someone got, say their tax return, and wasn't sure where to begin.

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