Have just $40k laying around. What's the smartest/safest way to increase it in a year?

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I'm in my 20s and have $40,000 in my checking account.

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Ideally I would look like to get around $60,000

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What's the smartest/safest way to increase it in a year?

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If you’re wanting to make 50% in a year I’d first start by tempering expectations.

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Little internet research says ETFs like VOO or VTI are my best bet.

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VTI is a solid choice for safe investing. Like others have said, you might need to temper expectations. It will probably take more like two years to see 50% gains if earnings continue like they have last three years.

HKRS

YAYO

There is no free lunch.

Any return in excess of the market comes with risk.

Do you have to have this money available in one year?

If so, caveat emptor.

If not, sell some cash secured puts in blue chip stocks. You will collect premium and 75% of put options expire worthless meaning you get to keep the premium.

I don’t think it’s possible to make 50% “safely,” but you could generate some premium income with cash secured puts on MO, INTC, BMY, or any of several stocks.

Of course, you could see the stock tank so you would have to buy the underlying shares.

No free lunch.

I have many cash secured puts expiring this month and will likely sell more since a vast majority of them will not be exercised.

I did not make 50% on these trades, and since they are “short” positions, I’ll have to pay taxes at current income tax rates (luckily most is in SEP-IRA, Roth, Trad IRA) on any trades in my taxable account.

Buy a Bitcoin.

Definitely buy all the game coin you can! Hashtag to the super moon!

Yahhhhh! Spirit fingies!!!!!

first off, don't leave huge sums of money in a checking account while deciding on where to invest it at, put it into a savings account where it can safely accrue a better interest rate for better growth in the meantime