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Oct 2022

1) a blue chip household name company stock

2) a very small company you believe has a chance on becoming big one day...

No savings accounts or putting it under a mattress or any 3rd option. What's better between the two?

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    Oct '22
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    Nov '22
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As a poor person I can't fathom being able to just dump 1k on something like that, haha.

I guess stocks because of better reliability of a return. I've seen a lot of well-intentioned, small, up-and-coming businesses fail.

IRL, I'd probably either stick it in an ISA, or I'd invest it in stock or advertising for my own business....

But in the scenario given, I would split the money between multiple small investments in relatively stable businesses (with maybe one or two wildcards that are a bigger risk with a potentially larger reward). Every time one of my investments made a profit of say $20, I would withdraw that $20 and leave the rest invested (unless it looked like that company was going to crash sometime soon).

that kind of money goes quick especially in times like these but i think i'd set some aside for investment (likely in something like gold than stock) and then putting the rest towards upgrading art materials (literally trying to earn/save for a new laptop right now TvT)

The first option for sure. I wouldn't like to lose that money and the first option has a far more reliable return rate I would assume. Not to mention that the smaller a company, the more personal the investment becomes. I am an average joe with an average life and 1000 dollars is a lot of money. I would rather put that towards something I know will yield results rather than taking an informed lottery guess basically even at the chance of not being the first one on board if that company does well.

Bills, insurance, groceries, car payment, gas money, but if I had anything left over it would probably go toward one of my creative projects (of which I have many and don't know how they've gotten so far).

I would save it because Dollars in my country are worth a lot more.

I'll see if I invest them somewhere.

Common sense old man answer: pay my rent for the month.

Cool hip irrisposible guy answer: replace my dying laptop already

Two wolves within me are crying

Hmm, many businesses fail, and I think the world will probably hit a recession for several years in the future.. which doesn't make #2's chances look good. So personally, I'd pick #1 as long as knew it had decent fundamentals.

Now if I didn't have to choose between the two, I'd invest in a set of adjustable dumbbells for myself and a nice present for my parents. Maintaining fitness is really important, and those things are expensive! And it's always nice to pay back a little of what my folks gave me :).

Truthfully $1000 is not enough money to do anything with. Better to just hold on to it as an emergency fund incase you need it for something. Investing $1000 is not a thing.

You'd be surprised at how much 1k can stretch :smug_01:plus, OP says that saving isn't an option, so tryna get this back on track.

So many answers that insisted on a 3rd option.

putting it into stock definitely counts as saving

Anyways, before this goes off topic, I'll explain my reasoning above and contribute more to the thread. (cause business):

Investing in small companies has a greater return, especially if they become successful, but it has a greater risk. (losing the 1k) Since I just had 1k, I'm guessing that I would be able to throw that amount wherever I want. In my opinion, daytrading and stocks is too much of a headache, and I already invest an amount of my salary into long term stock options.

They are a good and "safer" option though, as opposed to investing in a small business. Also, your money isn't sitting idly and will have a higher yield with a low risk, which makes it better than saving it. Therefore, you're technically not saving money but spending money on assets that may increase in value, which is usually the case if people are patient. However, safer options don't have a great return, and are not as fun.

So, I'd rather play around with the amount and invest in something I love and believe in, if I were forced to put it into something. (This means zero risk to me :hohoho: so might as well have fun)

Is hard to choose one of these because the answer is: depends of the company.......

If you have any debts to pay and lack knowledge to invest, the most profitable investment, is to pay off some of the debts so the interests stop eating you........

If you had $1000 where would you put it?

It'll go to my off-grid shotgun shack retirement plan.