9 Smart Ways to Invest $1K in 2023 [Proven Investment Strategies]

According to a recent Gallup poll, more than half of American adults (58%) have money invested in the stock market. Although the median holdings (amounts invested) vary based on age, income, and other demographic factors, it’s clear that Americans see the value of investing — even if their exposure is limited to a workplace 401(k).

If you have a fully-funded emergency fund and have an extra $1,000 that you don’t immediately need, you have a lot of options. Unfortunately, the sheer number of investment options to choose from can be overwhelming and downright confusing.

That’s why I wanted to share some of my favorite ways to invest $1,000. Whatever decision you make, you should be proud of yourself for taking the time to be thoughtful with your money.