Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Where should you invest $1000 in 2024?

7 Feb 2024 · 1 min

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0:35

A short YouTube commentary (Kardec Trader, Feb 7, 2024) addressing the common question of where to invest $1,000. The speaker argues that using a small sum to buy a single stock—even if it returned ~20% annually for 10 years—likely underperforms investing in one’s own education or skill-building (SEO, marketing, agency skills). Emphasizes abundant free online learning resources (Google, YouTube) and the value of becoming resourceful and monetizing new skills.

Chapters

One question people ask all the time. Hey, I have a thousand dollars to my name. What's the best stock to invest in? And I'm like yourself. A thousand dollars invested into a stock. Let's just say you make 20% every year for 10 years will not equate to that thousand dollars going into maybe your education, maybe something that will allow you to learn a skill set again. SEO, agencies, marketing. So many different things that exist now that didn't exist in 2005 or even 2010. We have so many resources nowadays where you can learn almost any skill for free. Anything. Google, YouTube, whatever it may be. Online you have the Internet. Learn to be resourceful with those things and build skill sets that you can now make money from.