must contain where best to invest. IF YOU WANT TO BUILD your wealth, making smart investments early on is key. And if you’ve collected some extra cash, and you don’t need to pad your emergency savings account or dig yourself out of debt, it’s an ideal time to try your hand at investing. With that in mind, we asked a handful of financial experts to give their suggestions for investing $1,000, a low sum for a veteran investor but a decent amount for beginners. But before you start investing, remember, reaching your finance goals takes time. If you think you might need that $1,000 in a few months, adding more money to your rainy day fund is the best thing you can do. And never invest anything you can’t tolerate the thought of possibly losing; after all, investing is a risk. If you have an extra $1,000 to spare, consider placing it into the following categories. See: 9 Ways to Invest on a Small Budget. Exchange-traded funds. ETFs have been growing in popularity since they were introduced over 20 years ago. Like stocks, ETFs can be bought or sold on an exchange at any time during the trading day. But similar to a mutual fund, an ETF holds a basket of assets, like tech stocks, or, more broadly, the U.S. stock market. If you already have a Roth IRA or don’t want to invest in one, put $1,000 ’in a few well-diversified, low-cost ETFs,’ says Mark McKaig, a partner at Centurion Wealth Management in McLean, Virginia. There are numerous online brokerages where you could invest $1,000 into an ETF for a relatively low price. For example, you can invest $10 with Charles Schwab. While 88115
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