Investing is an essential of building financial security, but it can be intimidating when you're first starting out. Saving up $1,000 to invest can take a long time and a lot of effort, and you definitely don't want to make mistakes in your first efforts at investing.
In the following video, Motley Fool investment-planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about smart options for how to invest $1,000 in the market today. Although options like mutual funds and savings bonds are available for even smaller amounts, having a slightly larger amount gives you the potential to open a brokerage account and start using exchange-traded funds to invest. Dan runs through the basics, as well as giving pointers on how to keep your investing costs to a minimum to make your money work has hard as it can for you.