Originally Posted by
Kletus
To the OP:
Its really up to you how you want to start. Are you wanting to gamble, or are you wanting to invest? If you want to invest you can’t go wrong starting with some index ETF’s that follow the S&p 500, etc. Then, as you add more money to the account, find another stock or etf, etc. With $1000 it really won’t matter how much you gain or lose as long as you don’t go crazy with penny stocks , etc. The real key is to keep adding to the account as often as you can. That will be the real driver of your account balance for the first few years until you build enough for interest to take over. Create a plan, such as $500 in each investment. Once an investment doubles... take half the profit and invest in something else. Follow the plan and over time you will be surprised how it grows. Don’t do too much trading. It Trying to time the market seldom works out... especially for a beginner. Lots of trades can also eat you up in trade fees and taxes, and can make it a pain to report gains and losses in your tax returns.