Have $1,000? Here's How to Invest It

Get some great ideas to invest a relatively small lump sum.

Apr 20, 2014 at 8:05AM

Many people think you have to be rich to invest. But with as little as $1,000, you can get a great start on your investing.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at several ways you can invest $1,000. Dan first suggests mutual funds, especially no-load funds that allow you to buy with no fees and let you start with small amounts to invest. Exchange-traded funds are another option, but Dan warns that you should find brokers that will let you buy them at no commission. Finally, Dan looks at savings bonds as a fixed-income option, noting that they pay little in interest but are available in increments as small as $25. No matter how little you have, getting started with investing is a smart way to make your money grow over time.

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Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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