Q. I don't have a lot of money to invest, how should I start?
A. If you have $1,000 to start with, you can following the 5 investment options outlined by Kiplinger Personal Finance magazine:
1. Build a high-yield ETF portfolio
This portfolio consists of 3 ETFs yield 4.5%:
2. Buy a top notch fund
The following 5 funds are recommended:
3. Be a lender
Become a member of Lending Club or Prosper. To mitigate risk, create a portfolio of loans with a range of credit ratings. Average return 5% - 11%.
4. Buy low-priced stocks
Here are some of the recommendations, these are risky bets, though:
5. Buy blue chips
Here are a few recommended ones:
A. If you have $1,000 to start with, you can following the 5 investment options outlined by Kiplinger Personal Finance magazine:
1. Build a high-yield ETF portfolio
This portfolio consists of 3 ETFs yield 4.5%:
- 3 x iShares IBOXX $ High Yield Corporate Bond (HYG)
- 10 x iShares US Preferred Stock ETF (PFF)
- 4 x Vanguard REIT (VNQ)
2. Buy a top notch fund
The following 5 funds are recommended:
- Oakmark Fund (OAKMX)
- Oakmark Select (OAKLX)
- Homestead Small Company Stock (HSCSX)
- Artisan International (ARTIX)
- Vanguard Star (VGSTX)
3. Be a lender
Become a member of Lending Club or Prosper. To mitigate risk, create a portfolio of loans with a range of credit ratings. Average return 5% - 11%.
4. Buy low-priced stocks
Here are some of the recommendations, these are risky bets, though:
- APTO
- AUPH
- GRPN
- KTOS
- PRKR
- RAD
- SIRI
5. Buy blue chips
Here are a few recommended ones:
- CVS
- DHR
- DIS
- MA
- PEP
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