| There are a lot of suggestions but you haven't provided enough information to make a solid recommendation. What rings out for me, is why do you only have 1k to invest? There could be a lot of reasons ranging from living in a low income country to having been recently divorced. How old are you? What is the ultimate purpose of the money? Is it for retirement in 40 years time, or to buy a car next year? Are you likely to have more $1k's in the future to invest. Is it cash in the bank or coming from your salary this year. What country do you live in. What is your tax bracket? Can developing your skills earn you more money? Do you have debt? Is is tax deductible? High interest? Do you like to gamble on a long term payout (maybe a cryptocurrency would be good) or would you really HATE losing that money at any cost (perhaps a savings account). Etc. As a general recommendation, if you don't know what to do with $1k - keep it in a savings account (or offset your mortgage if you have one) until you know what to do. |