How to Invest $10,000 to Generate Passive Income
Many of the world's most successful investors, including Warren Buffet, advise learning how to invest with as little as $10,000. While a smaller amount may appear insignificant, it actually provides you with a wider range of investment options, and having more capital also allows you to invest in a wider range of assets. According to Osama Sam Elfeky , there are numerous ways to invest this small sum of money, but only a few investment platforms can guarantee a high return. Mutual funds, IRAs, and 401(k) plans are the best investments for people with limited starting capital. These are all tried-and-true models for investing small sums of money over time. Brokerage accounts, on the other hand, provide an annual rate of return of 8%. However, there are numerous drawbacks to investing small sums of money in these types of vehicles. For starters, capital gains are taxed. Furthermore, the stock market is not designed for people to become wealthy with $10,000. Another option is to inv