Best Way To Invest 10K. For example if you’re 30 in the year 2020 and plan to retire around age 60 you’d want to select the vanguard 2050 fund. If you want a more passive approach to turning 10k into 20k, you can always consider real estate investing.
For example, if you have a $10,000 line of credit that has a 15% interest rate, you will likely be paying $250 per month for five years. When you invest in mutual funds, you basically give your money to professionals who will invest that money into various stocks and other forms of securities. Don't let your $10,000 sit in a checking account.