2 ms·
$1000 isn't enough to get into really sophisticated investments - at that level, you won't be able to create enough diversity to make investing in stocks more t
by hluska 15y ago
$1000 isn't enough to get into really sophisticated investments - at that level, you won't be able to create enough diversity to make investing in stocks more than a glorified trip to a roulette table. So, I'll give you some ideas, but be warned, some of these may seem a little wacky.
1. Do something that scares you. I just signed up to go ice climbing in the Rocky Mountains, despite the fact that ice climbing scares the crap out of me. Worst case scenario, something unfortunate happens and my last words are, "I should have bought stocccckkkkksssss." Best case scenario, I learn something valuable about myself and how I deal with fear. From past experience, learning about fear is extremely useful...
2. Launch something. Get yourself some server space, build an MVP and launch something. Chances are that nobody will ever hear about (or use) your creation and you'll lose money. But, you'll learn way more than you would if you did an MBA.
3. Find a charity and donate your money (and your time). Not only does doing this feel good, but you'd be surprised the contacts you can gain by working with a good not for profit. I'd argue that getting involved with charities is the most effective hack I've ever embarked upon. It certainly has the highest ROI of anything I have ever done.
4. Go to a conference. Find a conference that interests you. Go. Make a point of meeting five new people per day. Have fun.
5. Take a class in a subject you find rather useless. Back in the mythical day, I took a painting class. That doesn't sound too admirable, but I don't have an artistic bone in my body. The class itself was horrible (I really suck at art), but I met some interesting artistic people who changed the way I look at the world.
I hope that helps! Best of luck :)
Greg