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Here are some possible ways toinvest $10,000, according to the experts.
Prioritize Your Needs and Timeline
When it comes to investing, everyones situation is different.
But one things for sure: The next president shouldnt dictate your entire investment strategy.
Do so for the long term.
If you anticipate having more time before needing that money, consider broad-based, low-cost stockindex fundsinstead.
Bonds could also be worth considering.
However, understanding how political changes could potentially impact different parts of the economy is useful knowledge, too.
The key is setting yourself up for success no matter what!
Biden may increase federal support for state and local governments, said Spencer Hakimian, founder ofTolou Capital.
Municipal bonds can provide tax-free income and benefit from increased government spending on local projects.
Do you research before choosing this option.
Another area that could be worth investing in, though only time will tell, is social programs.
The Democratic party has generally pushed for affordable healthcare, environmentally-friendly companies and socially responsible businesses, Kibbel said.
There could be some opportunities there.
It balances both growth and stability.
Just remember that any jot down of investment carries risk.
For investors to hedge against market turmoil, diversification in alternative investments, like private credit, is necessary.
Theyre also not tied totraditional stock and bond markets, according to Chu.
But youll still want to do your research and confirm you choose the right investments for you.
This wont guarantee your returns, but it can help you create asuccessful investment strategy.
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