HOW TO INVEST $1000 in 2019 💵 How I Invested My First 1000 | Summary and Q&A

TL;DR

Starting with $1000, invest in ETFs like EMLP, BOTZ, SDIV, and explore options to maximize returns.

Key Insights

• 💐 Start with ETFs like EMLP, BOTZ, and SDIV when investing $1000 to ensure diversification.
• 🤙 Consider options like covered calls to increase returns and mitigate risks in the long run.
• ❓ Learning from initial investment mistakes, focus on sustainable strategies for financial growth.
• ✍️ Dividend-focused ETFs offer stable income streams and opportunities for covered call writing.
• 🍉 Understanding the value of patience and long-term planning in investment decisions.
• 👨‍🔬 Researching and analyzing various investment options to make informed choices.
• ⛽ Emphasizing the importance of budgeting and disciplined saving to fuel investment accounts.

Transcript

hey YouTube I'm Jimmy so in this video I want to talk about what I would invest in if I had a 1000 dollars to start investing and I was just beginning out then at the end of the video I want to talk about some things I do with my investments now that I wish I'd known when I had first started that could help juice up my returns a bit okay so know fu... Read More

Questions & Answers

Q: Why did the speaker choose to invest in Wyeth initially?

The speaker was inspired by a story about Warren Buffett's opportunity cost mindset and saw potential in Wyeth's stock price movement, leading to a successful investment.

Q: How does the speaker advise beginners to start investing with $1000?

The speaker recommends diversifying with ETFs like EMLP, BOTZ, SDIV, and utilizing covered calls to optimize returns while managing risks.

Q: What lesson did the speaker learn from his early options trading experience?

The speaker realized the risks associated with options trading, understanding the importance of aligning investment strategies with long-term goals rather than short-term gains.

Q: How does the speaker suggest using covered calls to enhance returns?

By selling covered calls on dividend-paying ETFs like SDIV, investors can generate additional income while managing stock price fluctuations, creating a consistent revenue stream.

Summary & Key Takeaways

• Beginning with $1000, the speaker shares his personal journey of investing in stocks and options, highlighting lessons learned.

• Initially, ignoring debt repayment, he invested in Wyeth, a pharmaceutical company, and saw success in his first investment.

• Advising on starting with ETFs like EMLP, BOTZ, and SDIV, he also discusses using covered calls to enhance returns.