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Depends on when you need it. First I would have 3-6 months of cash stored in CDs as an emergency fund. If some of this is for retirement I'd put the max ($4500) into a Roth IRA, and buy an Index fund with it or a good dividend paying energy trust.
If its for investing maybe put 5k into a market index tracking mutual fund, 5k in an international mutual fund, 5k in a small cap fund and keep 5 k in cash or bonds.
I wouldnt need right now. Maybe in 5 yrs if at all. But something where I wouldn't have to check on it or follow the market or whatever. I'm not very good at this kind of investing. Sorry to say, I use old fashion savings and mm accounts mostly. Anything beyond that sounds like chinese to me. Yes, I know that's bad.
If you plan to use it in 5 years or so, I would look at a market index fund...Like Schwab 1000 fund, Vanguard S&P 500, etc most discount brokers will have something like this. The market is down now, but historically goes up 8%/year. Maybe put 8k in this, 5k in an international stock fund, 5k in a growth and income fund (stocks that generate dividends which are nice in down times), and the other 2k in a small cap fund.
Everybody is saying we have a horrible economy. You don't know what you're talking about. I own an international business, and because our dollar is short to the euro and other currencies, my exports have skyrocketed. So as for investing your money, I would put some into multiple CDs of varying length, incase of emergencies down the road. As for the rest, invest in any industrialist international conglomerate, and you're sure to have a somewhat reasonably large turn-around.
$20,000? It's not much but where would you invest it? Thanks for answering.
It is really difficult to give any wise suggestion without knowing your exact requirements. Still, it is always advisable to invest in more than one fund rather than putting all the money in one. So that, the risk factor is always low if you are putting in more than one fund.
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