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.
Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow Dan on Twitter: @DanCaplinger. Lauren Kuczala has no position in any stocks mentioned. The Motley Fool recommends TD AMERITRADE. 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.