$1,000! Monthly Passive Income? How To Invest Your First $1000 in 2022! Top Stock Picks 2022

In this video, we will cover how you can make that first $1000 work for you for a change. We’re going to look at some of the best ways to invest in 2022 and the 5 best stocks that have created the most wealth for shareholders over the past 30 years. So, here’s a look at the 7 best ways to invest your $1000 for Passive Income in 2022.

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1. Start or maybe add to a savings account
Yeah, a 1% annual savings rate isn’t all that exciting but here’s why putting money into basic savings is a great investment: Rainy days are always going to come.

2. Invest in a 401(k)
For 2021 and most probably for 2022, most 401(k)s allow for $19,500 in total employee contributions and an additional $6,500 if you’re older than 50.

3. Invest in an IRA
The biggest difference between a Roth IRA and a traditional IRA is how and when you get a tax break. Contributions to traditional IRAs are tax-deductible, but withdrawals in retirement are taxable. In comparison, contributions to Roth IRAs are not tax-deductible, but the withdrawals in retirement are tax-free. Pro tip, ask yourself or maybe ask a tax expert, will your tax rate be higher or lower in the future?

4. Open a taxable brokerage account
Once you create that brokerage account, consider setting up a recurring deposit to slowly build toward your financial freedom.

5. Invest in ETFs
If you’re looking for the set-it-and-forget-it option, an exchange-traded fund (ETF) is an excellent place to start. Instead of beating the market, ETF’s let you buy the market. Each ETF tracks a benchmark in the US Bond market or stock market and lets you put in your money to copy that. If you have $1,000 this 2022, learn how to invest in ETFs to begin your investing journey.

6. Use a robo-advisor
For some of the lowest fees in the market, robo-advisors help you narrow down your options and choose a basket of funds or ETFs tailored to your long-term goals. They also help you set up recurring deposits to let that first $1000 keep on rolling into 2022 and beyond.

7. Invest in stocks
So, can you invest with $1000? You sure can. Even with $1,000, it’s possible to build a well-rounded portfolio of starter stocks. Many brokerages even allow investors to purchase fractional shares of those stocks with high share price tags.

3. Amazon
Amazon is not just online anymore either. For example, it owns the Whole Foods grocery store chain and built its own freight and logistics operations. . Investment and expansion are top of mind when it comes to Amazon so definitely a good one to look into for your first $1000 investment this 2022.

2. Microsoft
From desktop PC’s of yesteryear to cloud-based services of today, Microsoft has definitely solidified its place in the stock market hall of fame. Shares in Microsoft generated a total return of 57,730% from 1990 to 2020. To compare, the S&P 500’s total return comes to a tinier 1,950% over the same span.

1. Apple
A lot of people say, once you go Mac, you never go back. It started out rough at first but over the years, Apple essentially reinvented itself for the mobile age, launching game changer gadgets, like the iPod, MacBook and iPad

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The CARES Act was the first stimulus package passed in March of 2020 at the start of the pandemic. As we explore the progression of the fourth stimulus check, stimulus unemployment benefits.

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Trying to time the stock market and guessing what’s ahead is certainly not a great investment strategy for making more money fast. SBA (Small Business Administration) is no longer accepting PPP (Paycheck Protection Program) applications from participating lenders. Retroactive stimulus checks and direct payments are being in this second stimulus package along with unemployment benefits and extended unemployment insurance benefits such as PUA, PCUA, Pandemic Unemployment Assistance, regular unemployment insurance benefits, PEUC.
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The information contained on this YouTube Channel and the resources available for download/viewing through this YouTube Channel are for educational and informational purposes only. I am not a licensed financial or tax professional. You should seek advice from a licensed professional before making any investment/financial decisions. Links provided, including those to Amazon, M1 Finance and others, may be affiliate links whereby a small commission may be paid out. nonstimulus

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