What to do with $1000
When the economy is in a slump and the stock market is looking scary, stashing your cash under your mattress might seem like the best option for the times, but think again! No matter what your cash stash is looking like, cash advances and all, your mattress is the last place you want to be home to your hard earned money. If you’re wondering what to do with your money during these tough times, look no further. Here are some brilliant ideas of what you can do with just $1000 that will likely plump your purse and secure your funds and future.
Although most people are apt on putting their money in a traditional savings bank account, this is not usually the wisest, even in a terrible economy. The reason, is that it doesn’t bring enough return on your money. Most savings account simply bring a 2% return on your money, where as investing in stocks, bonds, mutual funds and commodities can you bring you up to a 10% return, even in a poor economy. Although you might need more than $1000 to make that happen.
Invest in you. There are a lot of jobs out there looking for specific skills such as public speaking, project management, and technology. $1000 can easily pay for some continuing education classes that could help you advance in your career. Look into new and innovative ways to brand yourself so that you have better opportunities to grow and expand in your chosen career.
Set yourself up with a start up portfolio. Getting a diversified portfolio no longer takes millions of dollars in your bank account. Nowadays with technology, it’s as easy as 1 2 3. You can set yourself with a portfolio online with companies such as Schwab’s exchange-traded funds.

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