Finance
Crypto
Investment
Stock Market
Personal Finance
Wealth Management
Commodities
ETFs
Diversified portfolio
High-quality investments
Higher risk investments
Growth investments
10 ways to invest your first $1,000:
(with the exact plan laid out for you)
(with the exact plan laid out for you)
1. Diversified portfolio
50% broad-based stock market ETFs
(think $VOO & $VTI)
35% high quality investments
(can be more ETFs or blue chips)
15% higher risk
10% growth backed by research
5% crypto, options, commodities, etc.
50% broad-based stock market ETFs
(think $VOO & $VTI)
35% high quality investments
(can be more ETFs or blue chips)
15% higher risk
10% growth backed by research
5% crypto, options, commodities, etc.
2. Less diversified portfolio
100% broad-based stock market ETF
And sit on it.
Focus the rest of your energy on making as much money as humanly possible so you can invest more.
Rinse and repeat.
100% broad-based stock market ETF
And sit on it.
Focus the rest of your energy on making as much money as humanly possible so you can invest more.
Rinse and repeat.
3. Income-generating skills
$1,000 can only get you so far if you invest in stocks.
But if you invest in your skills?
You can create an opportunity for exponential returns by increasing your income.
Here are some low-cost skills, their time commitments, and their incomes…
$1,000 can only get you so far if you invest in stocks.
But if you invest in your skills?
You can create an opportunity for exponential returns by increasing your income.
Here are some low-cost skills, their time commitments, and their incomes…
Medical Billing & Coding
Cost: ~$750
Time commitment: 6 months - 1 year
Income: $40,000 - $80,000
Solar Panel Installer
Cost: ~$2,000 or less
Time commitment: 1 month - 1 year
Income: $60,000 - $90,000
Insurance Sales
Cost: ~$500
Time commitment: ~20 hours
Income: $50,000
Cost: ~$750
Time commitment: 6 months - 1 year
Income: $40,000 - $80,000
Solar Panel Installer
Cost: ~$2,000 or less
Time commitment: 1 month - 1 year
Income: $60,000 - $90,000
Insurance Sales
Cost: ~$500
Time commitment: ~20 hours
Income: $50,000
4. DCA/Lump Sum
If you’re a new investor you can invest $1,000 little by little so you can get used to the ups and downs of the market.
This can be $100 every 2 weeks, $100/month, or whatever interval you want.
If you’re braver, you can go “all in” via lump sum and wait.
If you’re a new investor you can invest $1,000 little by little so you can get used to the ups and downs of the market.
This can be $100 every 2 weeks, $100/month, or whatever interval you want.
If you’re braver, you can go “all in” via lump sum and wait.
5. Start a real estate portfolio
Crowdfunding sites let you invest in real estate with as little as $500.
You can buy REITS with as little as $1.
If you want exposure to real estate without having to deal with actual property, this is a perfect way to do it.
Crowdfunding sites let you invest in real estate with as little as $500.
You can buy REITS with as little as $1.
If you want exposure to real estate without having to deal with actual property, this is a perfect way to do it.
6. Build up your savings
When you have savings, you can pay for emergencies and stay out of high interest debt.
If you don’t have 3-6 months of savings yet, this is your opportunity to build that foundation.
Then you can start looking for higher returns on your money.
When you have savings, you can pay for emergencies and stay out of high interest debt.
If you don’t have 3-6 months of savings yet, this is your opportunity to build that foundation.
Then you can start looking for higher returns on your money.
7. Pay down your debt
If you have credit card debt at 18%+, paying it down will net you a guaranteed 18% return.
The stock market has averaged around 10% over its history.
You can double that by paying down high interest debt.
If you have credit card debt at 18%+, paying it down will net you a guaranteed 18% return.
The stock market has averaged around 10% over its history.
You can double that by paying down high interest debt.
8. Get your 401k match
An employer match means your 401k contributions will be doubled up to a certain amount.
This is the easiest way to 2x your money.
If your employer matches 6% of your salary, and you invest 6%
Then 12% of your salary gets invested for half the price.
An employer match means your 401k contributions will be doubled up to a certain amount.
This is the easiest way to 2x your money.
If your employer matches 6% of your salary, and you invest 6%
Then 12% of your salary gets invested for half the price.
9. Build your credit with a secured credit card
If you have no credit history, getting a secured credit card can help you build credit.
Good credit leads to favorable interest rates on your:
- Mortgage
- Auto loans
- Student loans
Which means money is cheaper to borrow.
If you have no credit history, getting a secured credit card can help you build credit.
Good credit leads to favorable interest rates on your:
- Mortgage
- Auto loans
- Student loans
Which means money is cheaper to borrow.
10. Let a robo advisor decide
If you can’t choose what to invest your money in, you don’t have to.
Robo-advisors make it easy to invest your money by doing it for you.
All you have to do is answer a couple questions.
Then the rest is hands free.
If you can’t choose what to invest your money in, you don’t have to.
Robo-advisors make it easy to invest your money by doing it for you.
All you have to do is answer a couple questions.
Then the rest is hands free.
Liked this thread?
Follow me @WOLF_Financial for more.
I talk about investing and investment research so you can build wealth.
Follow me @WOLF_Financial for more.
I talk about investing and investment research so you can build wealth.
If you liked this thread, you'll love my newsletter.
Sign up today 👇
marketmadness-newsletter.beehiiv.com
Sign up today 👇
marketmadness-newsletter.beehiiv.com
Loading suggestions...