If you had $1000 to invest today, where would you invest it?

I have $1000 to invest right now, where would you invest it?

 

Bit coin?

 

Ah true! What would you recommend I do with it?

 

Buy US$780 in SPYG shares on the US exchange, they are an index tracker for S&P500.

 

More info required. Is all you have 1k? What expenses do u have, how many dependants. Do you already have a comfortable buffer? What's the LVR on your PPOR. Many more questions that are unique to your situation.

 

Red or Black

 

Too small to worry about - pay off some non-deductible debt.

 

27 Red, to be be more precise.

 

TAB.

I am deadly serious.

 

Already both salary sacrificing 5% pre tax to super, have $4k shares, 45k in offset. 1 x IP.
2 x dependants, 1 x spouse.
Super balances combined $300000.

 

I'd reconsider contributing paying extra into super depending on early retirement goals.

Use 1k to top up shares ( although better to save up a larger sum to save on brokerage). May like to consider debt recycling here.

Lots of threads in "other asset classes" that will be of interest to you.

Edit: added comment about debt recycling

 

Thanks heaps! Tell me more about re considering super pre tax contributions? My thoughts are to reduce IT. Is there a better way?

 

Depends on goals. If you can wait to retire until pension age, then go ahead. Although possibly paying off PPOR should be come first. Debt recycling, if done properly can speed this up.

 

Invest it on the Mrs. Best bang for the buck.

 

Yep. Go for an amazing trip away.

 

If investing $1000 was a big enough decision to require external input, I would spend it on improving myself or chances of making more money e.g.

Books on self improvement.
Mentor sessions.
Professional resume service.
Short courses on areas that could help improve my income or landing a better paying job.

Better to put it into something that will increase your salary by $10,000pa than investing the $1,000 and hoping it will compound at 10%pa.

 

One off investment, never to add to again, or a regular (monthly, quarterly, bi-annually etc investment), time range?

 

Crypto

 

Borrowed from elsewhere

Say you’ve got 40 years to retirement. If you start with $1,000 and invest an additional $1,000 each year, and your money earns 10% annually, then when you’re ready to retire at age 65, you’ll have $532,111.07.