How I'd Invest $20,000 Today if I Had to Start From Scratch

Give yourself a pat on the back if you find yourself with a lump sum of money and are thinking about investing it.

It's crucial to be deliberate with your finances because making wise choices now can frequently pay off tenfold in the future.

If I had to start again with $20,000, this is how I would invest it.

Undoubtedly, a sizable chunk of the $20,000 would be invested in an S&P 500 index fund.

If you just consider investing in American businesses, you are limiting your options. Excellent businesses and well-known brands exist outside of the 50 United States.

Many large-cap organizations have little to no room for hypergrowth due to their size. Small- and mid-cap stocks can be helpful in this situation.

I would divide up the $20,000 into smaller installments using dollar-cost averaging rather than investing it all at once.