It makes more sense for the $1k investor to pick one stock they feel good about it and hope to get 10-20% or more return on that
If you're going to invest $1k, does it even make sense to do it at all even for that 10-20%? I recently for the first time bought some stocks (about 5k), and I don't like that I'm refreshing my etrade account all the time. In the end it would have been better I feel to spend it on something else. If you're gonna invest, I say invest in the liberal 5-digits, if you don't have means to do that, don't invest in stocks. (that's the reason why I asked the original question... I'm curious if others who are earning "engineering salaries" are investing in stocks only by small amounts or going all in)
It doesn't have to be so black and white - you don't need to invest small or go all in. I setup an automatic transfer which happens the day after I get my paycheck. Over time it's added up to be quite a lot of money.
Comments
If you're going to invest $1k, does it even make sense to do it at all even for that 10-20%? I recently for the first time bought some stocks (about 5k), and I don't like that I'm refreshing my etrade account all the time. In the end it would have been better I feel to spend it on something else. If you're gonna invest, I say invest in the liberal 5-digits, if you don't have means to do that, don't invest in stocks. (that's the reason why I asked the original question... I'm curious if others who are earning "engineering salaries" are investing in stocks only by small amounts or going all in)
It doesn't have to be so black and white - you don't need to invest small or go all in. I setup an automatic transfer which happens the day after I get my paycheck. Over time it's added up to be quite a lot of money.