How to invest $500k right now depends on where you're at financially and what are your specific financial goals. Here's some important items to consider that most financial planners would suggest: First, you may want to consider setting aside some money for short-term financial goals, such as building up an emergency fund or saving for a down payment on a home. This will help you to protect your money and ensure that you have the funds you need to meet your immediate financial needs. Next, you may want to consider diversifying your investment portfolio by allocating a portion of your funds to a range of asset classes, such as stocks, bonds, real estate and cash. Diversification can help to manage risk and potentially improve your overall returns over the long term. It is also a good idea to review your financial plan regularly and make adjustments as needed to ensure that it aligns with your long-term financial goals.