How to invest $1000 is a common question I get. Investing $1000 can be a great opportunity. If investing in the stock market, do your research before deciding how to invest $1000 you have to spare. This video should shed some light on how to invest $1000.
How To Invest $1000 | 4 Ways…
1. Index Funds or Mutual Funds
If you are looking to minimize risk and get exposure to the stock market, invest $1000 in a low fee index fund or mutual fund. Here is a surprising fact: From 1997 to 2012 all-index fund portfolios outperformed actively managed funds 83.4% of the time. Low cost index funds beat the professional stock pickers 83.4% of the time! The disadvantage to investing in a mutual fund or an index fund is there is little involvement on the part of the investor. This is a set it and forget it type of investment.
2. Invest in a Stock.
While stock picking shouldn’t be your primary investment strategy, it can be a fun way to learn. Most individual stock investors set aside a portion of their portfolio for individual stocks. I suggest investing in a company you like. Invest in no more than two companies to offset commission costs. If you don’t have interest in investing in a company you like, you should invest in a stable dividend stock.
3. Invest in a Side Business.
If you are looking for a 10x or 100x return on investment, you should invest in a side business. Start a YouTube Channel, a photography business, a drone business, a face painting business, become an ebay reseller, start a landscaping business or a consulting business. Commit all revenue from that side business to purchase other income producing assets to create a cycle of wealth.
4. Invest in Yourself.
Invest in educating yourself in order to earn more money at the job you have. Or, learn a skill you can teach to others. A third option is to educate yourself about money management and personal finance.
In my opinion these are the best options of how to invest $1000. If you are trying to learn how to invest $1000, I recommend following one of these four options above. Your best option for how you should invest $1000 is to invest in your own side business. These are the investments that pay you back the most.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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