- Lock in an interest rate
- Tap into for retirement income
- FDIC insured
Our top pick: CIT Bank Term CDs
- No maintenance fees
- $1,000 minimum to open
- Daily compounding interest
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Are you wondering how you can take $1,000 and turn it into even more money? Here are the five best ways to invest $1,000 today.
What should your portfolio look like? The answer is different for everyone, but it should be tied to your goals and how much or little risk you want to take.
Here’s an example of what a balanced portfolio might look like:
|CDs and bonds||15% to 40%|
|Stocks, ETFs and mutual funds||50% to 75%|
|Peer-to-peer lending, real estate and alternative investments||0 to 25%|
If you want to get the most out of your $1,000, consider the following before you invest it:
If you’re interested in picking stocks, there are several free trading platforms that let you start investing with as little as $0.
Lend your money to other individuals in need through peer-to-peer (P2P) lending.
CDs have three-month to five-year terms and provide a guaranteed return, but you can’t withdraw money before it matures.
If you’re looking to save for retirement, you can get a jump start by opening a Roth IRA.
Want some guidance on how to invest? You may benefit from opening an account with a robo-advisor.
|Available asset types||Stocks, Options, ETFs, Cryptocurrency|
|Stock trade fee||$0|
|Option trade fee||$0|
There are many ways you could invest $1,000. Set aside time to determine your goals, timeline and risk tolerance. Then do your homework and compare your investment options before jumping in.
Features, feedback and fees to consider before opening an account with Folio Investing.
Strategies for building a portfolio and diversifying your investments.
Eye-catching increase offers new cardholders up to $1,000 value in travel, statement credits and more.
Earn 0.9% APY, but you’ll pay a maintenance fee if your balance drops below $1,000.
Get short-term CDs with Axos Bank and an unexpectedly low APY.
A membership with the CommunityWide Federal Credit Union gives you access to high interest CDs.
Compare features and feedback for these two investor platforms.
How teenagers can get started on their investment journey.
Features, feedback and limitations to consider when evaluating these platforms.
Features, fees and investor feedback to consider for these two platforms.
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