[ad_1] When you think of the best ways to grow wealth for the long haul, the stock market might come up as a popular way to invest your money. This makes total sense when you consider the fact more than half of American households (58%) have investments in the stock market to some degree, according to the latest Gallup Poll. But if you’ve amassed $50,000 toward your next investment, the stock market isn’t your only option. Depending on your risk tolerance and investing preferences, some types of investments might be a better fit for you than others. Here are some of the best uses for your money if you have $50,000 to invest. #ap19462-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Lato,Arial,sans-serif}#ap19462-ww #ap19462-ww-indicator{text-align:right;color:#4a4a4a}#ap19462-ww #ap19462-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap19462-ww #ap19462-ww-indicator-wrapper:hover #ap19462-ww-text{display:block}#ap19462-ww #ap19462-ww-indicator-wrapper:hover #ap19462-ww-label{display:none}#ap19462-ww #ap19462-ww-text{margin:auto 3px auto auto}#ap19462-ww #ap19462-ww-label{margin-left:4px;margin-right:3px}#ap19462-ww #ap19462-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap19462-ww #ap19462-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap19462-ww #ap19462-ww-text-bottom{margin:5px}#ap19462-ww #ap19462-ww-text{display:none}#ap19462-ww #ap19462-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap19462-w-map{max-width:600px;padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap19462-w-map #ap19462-w-map-title{color:#212529;font-size:18px;font-weight:700;line-height:27px}#ap19462-w-map #ap19462-w-map-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap19462-w-map #ap19462-w-disclosure{margin-top:10px;font-size:12px;color:#9b9b9b}#ap19462-w-map #ap19462-w-map-map{max-width:98%;width:100%;height:0;padding-bottom:65%;margin-bottom:20px;position:relative}#ap19462-w-map #ap19462-w-map-map svg{position:absolute;left:0;top:0}#ap19462-w-map #ap19462-w-map-map svg path{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap19462-w-map #ap19462-w-map-map svg path:hover{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9;cursor:pointer}#ap19462-w-map #ap19462-w-map-map svg g rect{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap19462-w-map #ap19462-w-map-map svg g text{fill:#000;text-anchor:middle;font:10px Arial;transition:fill 0.6s ease-in}#ap19462-w-map #ap19462-w-map-map svg g .ap00646-w-map-state{display:none}#ap19462-w-map #ap19462-w-map-map svg g .ap00646-w-map-state rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap19462-w-map #ap19462-w-map-map svg g .ap00646-w-map-state text{fill:#fff;font:19px Arial;font-weight:bold}#ap19462-w-map #ap19462-w-map-map svg g:hover{cursor:pointer}#ap19462-w-map #ap19462-w-map-map svg g:hover rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap19462-w-map #ap19462-w-map-map svg g:hover text{fill:#fff}#ap19462-w-map #ap19462-w-map-map svg g:hover .ap00646-w-map-state{display:initial}#ap19462-w-map #ap19462-w-map-btn{padding:9px 41px;display:inline-block;color:#fff;font-size:16px;line-height:1.25;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap19462-w-map #ap19462-w-map-btn:hover{color:#fff;background-color:#508fc9} Leave your economic planning and investment management to Online Financial Advisors. A financial advisor can help you get your finances in order and plan for the future. Click on your state to get started. HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas Get Started Best Strategies to Invest $50,000 Starting Today Technically speaking, an “investment” is something that gives you money back in return. We’ll include some of those on the list, but we’ll start with other “investments” that are equally important for your long-term financial and emotional health. 1. Top Off Your Emergency Fund Risk level: Low If you don’t have a fully-funded emergency fund, this should be your top investment priority. After all, it’s crucial to have extra cash you can tap into when you need it most. Unfortunately, far too many people do not have any extra money to cover an unexpected car repair bill or other surprise expenses. According to a recent Bankrate survey of more than 1,000 adults, just about four in 10 adults (44%) have enough cash to cover a $1,000 emergency that pops up. A good place to keep your emergency fund is in a high-yield savings account — a savings deposit account lets you easily access that cash. It’s also recommended to keep some of it in cold, hard cash — say, $500 or $1,000 — in case of an emergency that shuts down the electrical grid (and ATMs with it). The only downside to this approach is that, at least for now, savings accounts aren’t paying much interest at all. This is despite the fact the Federal Reserve has raised interest rates several times already in 2022. Nevertheless, having an emergency fund in some form is non-negotiable if you want to become financially stable. We recommend you check out CIT Bank for your online savings needs, yet there are plenty of other institutions to consider as well. .m00646-mc-pros-cons.gfc .lits-cont .header{font-family:Muli,sans-serif}.m00646-mc-pros-cons.gfc .lits-cont ul.list li{font-family:Muli,sans-serif}.m00646-mc-pros-cons.bcb .lits-cont .header{font-family:”nimbus-sans”,sans-serif}.m00646-mc-pros-cons.bcb .lits-cont ul.list li{font-family:”nimbus-sans”,sans-serif}.m00646-mc-pros-cons{display:flex;max-width:688px;margin:0 auto;padding:20px 0}.m00646-mc-pros-cons .lits-cont{flex:1}.m00646-mc-pros-cons .lits-cont .header{display:flex;justify-content:start;align-items:center;font-family:Gelasio,serif;font-size:20px;font-weight:700;text-transform:uppercase;line-height:1.3}.m00646-mc-pros-cons .lits-cont .header .indication-img{display:flex;align-items:center}.m00646-mc-pros-cons .lits-cont ul.list{margin:0;padding:0;margin-top:18px;list-style:none}.m00646-mc-pros-cons .lits-cont ul.list li{font-family:Georgia,serif;font-size:18px;font-weight:400;margin:0;margin-top:17px;line-height:1.3;padding-left:30px;position:relative}.m00646-mc-pros-cons .lits-cont ul.list li:first-child{margin-top:0}.m00646-mc-pros-cons .lits-cont ul.list li::before{content:””;display:block;width:20px;height:20px;margin-right:10px;vertical-align:middle;background-size:contain;background-repeat:no-repeat;background-position:center center;position:absolute;left:0;top:2px}.m00646-mc-pros-cons .lits-cont.pros ul.list li::before{background-image:url(data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyMCAyMCI+PHBhdGggZmlsbD0iI0E1RENBMCIgZD0iTTEwIDBDNC41IDAgMCA0LjUgMCAxMHM0LjUgMTAgMTAgMTAgMTAtNC41IDEwLTEwUzE1LjUgMCAxMCAwem01LjEgNy45bC01LjQgNS40Yy0uMi4yLS40LjItLjYuMnMtLjQtLjEtLjYtLjJsLTIuNy0yLjdjLS4zLS4zLS4zLS45IDAtMS4yLjMtLjMuOS0uMyAxLjIgMGwyLjEgMi4xIDQuOC00LjhjLjMtLjMuOS0uMyAxLjIgMCAuMy4zLjMuOSAwIDEuMnoiLz48L3N2Zz4=)}.m00646-mc-pros-cons .lits-cont.cons{margin-left:20px}.m00646-mc-pros-cons .lits-cont.cons ul.list li::before{background-image:url(data:image/svg+xml;base64,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)}@media screen and (max-width: 600px){.m00646-mc-pros-cons{display:block}.m00646-mc-pros-cons .lits-cont{margin-left:0}.m00646-mc-pros-cons .lits-cont ul.list li{font-size:14px;padding-left:24px;margin-top:12px}.m00646-mc-pros-cons .lits-cont ul.list li::before{width:16px;height:16px;margin-right:6px;top:0}.m00646-mc-pros-cons .lits-cont:first-child{margin-top:0}.m00646-mc-pros-cons .lits-cont.cons{margin-left:0;margin-top:35px}} Pros Provides peace of mind in times of uncertainty Helps you shoulder life’s unexpected blows Lets you focus on other aspects of your life Cons Typically low-interest returns Risk of having money stolen or lost if held in cash Some high-yield savings accounts are only available online #ap98224-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Lato,Arial,sans-serif}#ap98224-ww #ap98224-ww-indicator{text-align:right;color:#4a4a4a}#ap98224-ww #ap98224-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap98224-ww #ap98224-ww-indicator-wrapper:hover #ap98224-ww-text{display:block}#ap98224-ww #ap98224-ww-indicator-wrapper:hover #ap98224-ww-label{display:none}#ap98224-ww #ap98224-ww-text{margin:auto 3px auto auto}#ap98224-ww #ap98224-ww-label{margin-left:4px;margin-right:3px}#ap98224-ww #ap98224-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap98224-ww #ap98224-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap98224-ww #ap98224-ww-text-bottom{margin:5px}#ap98224-ww #ap98224-ww-text{display:none}#ap98224-ww #ap98224-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap98224-w-text{padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap98224-w-text #ap98224-w-text-title{color:#212529;font-size:20px;font-weight:700;line-height:30px}#ap98224-w-text #ap98224-w-text-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap98224-w-text #ap98224-w-disclosure{color:#9b9b9b;margin-top:10px;font-size:12px}#ap98224-w-text #ap98224-w-text-btn{margin-top:25px;padding:9px 13px;display:inline-block;color:#fff;font-size:16px;line-height:20px;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap98224-w-text #ap98224-w-text-btn:hover{color:#fff;background-color:#508fc9} An emergency fund is an essential part of everyone's financial plan Using a High-Yield Savings Account means you’re earning more than you would in a typical savings account. Click below to open an account today! Open an Account Today 2. Series I Bonds Risk level: Low Series I Savings Bonds (also called I Bonds) offer another low-risk way to invest any extra money you have, although you won’t be able to invest a full $50,000 within a given year. This government-backed bond option has a maximum annual limit of $10,000 per investor, so you and your spouse or partner could invest up to $20,000 per year. Interest rates on I-Bonds are set by the government, and they fluctuate based on inflation and other market conditions. The current rate for I-Bonds is 9.62%, which is a lot more than you’ll earn in a savings account. Interest is compounded semi-annually, and you won’t even owe state or local income taxes on the gains you invest. On the other hand, it’s important to understand how Series I Savings Bonds work before you dive in. For starters, you need to be able to avoid cashing out your I-Bond for at least 12 months. Also be aware that, if you cash in your I-Bond within five years, you’ll forfeit three months of interest. .m00646-mc-pros-cons.gfc .lits-cont .header{font-family:Muli,sans-serif}.m00646-mc-pros-cons.gfc .lits-cont ul.list li{font-family:Muli,sans-serif}.m00646-mc-pros-cons.bcb .lits-cont .header{font-family:”nimbus-sans”,sans-serif}.m00646-mc-pros-cons.bcb .lits-cont ul.list li{font-family:”nimbus-sans”,sans-serif}.m00646-mc-pros-cons{display:flex;max-width:688px;margin:0 auto;padding:20px 0}.m00646-mc-pros-cons .lits-cont{flex:1}.m00646-mc-pros-cons .lits-cont .header{display:flex;justify-content:start;align-items:center;font-family:Gelasio,serif;font-size:20px;font-weight:700;text-transform:uppercase;line-height:1.3}.m00646-mc-pros-cons .lits-cont .header .indication-img{display:flex;align-items:center}.m00646-mc-pros-cons .lits-cont ul.list{margin:0;padding:0;margin-top:18px;list-style:none}.m00646-mc-pros-cons .lits-cont ul.list li{font-family:Georgia,serif;font-size:18px;font-weight:400;margin:0;margin-top:17px;line-height:1.3;padding-left:30px;position:relative}.m00646-mc-pros-cons .lits-cont ul.list li:first-child{margin-top:0}.m00646-mc-pros-cons .lits-cont ul.list li::before{content:””;display:block;width:20px;height:20px;margin-right:10px;vertical-align:middle;background-size:contain;background-repeat:no-repeat;background-position:center center;position:absolute;left:0;top:2px}.m00646-mc-pros-cons .lits-cont.pros ul.list li::before{background-image:url(data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyMCAyMCI+PHBhdGggZmlsbD0iI0E1RENBMCIgZD0iTTEwIDBDNC41IDAgMCA0LjUgMCAxMHM0LjUgMTAgMTAgMTAgMTAtNC41IDEwLTEwUzE1LjUgMCAxMCAwem01LjEgNy45bC01LjQgNS40Yy0uMi4yLS40LjItLjYuMnMtLjQtLjEtLjYtLjJsLTIuNy0yLjdjLS4zLS4zLS4zLS45IDAtMS4yLjMtLjMuOS0uMyAxLjIgMGwyLjEgMi4xIDQuOC00LjhjLjMtLjMuOS0uMyAxLjIgMCAuMy4zLjMuOSAwIDEuMnoiLz48L3N2Zz4=)}.m00646-mc-pros-cons .lits-cont.cons{margin-left:20px}.m00646-mc-pros-cons .lits-cont.cons ul.list li::before{background-image:url(data:image/svg+xml;base64,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)}@media screen and (max-width: 600px){.m00646-mc-pros-cons{display:block}.m00646-mc-pros-cons .lits-cont{margin-left:0}.m00646-mc-pros-cons .lits-cont ul.list li{font-size:14px;padding-left:24px;margin-top:12px}.m00646-mc-pros-cons .lits-cont ul.list li::before{width:16px;height:16px;margin-right:6px;top:0}.m00646-mc-pros-cons .lits-cont:first-child{margin-top:0}.m00646-mc-pros-cons .lits-cont.cons{margin-left:0;margin-top:35px}} Pros Backed by the U.S. federal government No income limits Excellent return on your savings (currently 9.62%) Cons Limited to $10,000 per person per year Forfeit three months’ worth of interest if you cash in before five years No liquidity during the first year 3.