Last year I joined a friendly challenge between personal finance bloggers hosted by Jeff Rose of Good Financial Cents. We each had to invest $1,000 of our own money and at the end of 2014 we would see who had the most left. I love these kinds of challenges because I get to poke fun[…]
I love these update posts. Six months ago I joined a challenge created by Jeff Rose of Good Financial Cents along with with like-minded personal finance writers who wanted to see how a $1,000 investment would pay off at the end of the year. The goals were pretty simple:
- Show you how easy it is to get started investing
- Show you the plethora of online options available
- Show you different strategies that you can try
- Erase any doubts that you can’t do this on your own.
Pretty much all of the challengers decided to invest in the stock market. A few others had some non-traditional investment options such as peer-to-peer lending in their portfolio. I decided to split investment with 25% into peer-to-peer lending, 25% into the stock market and 50% into a small business. Let’s see how I’m doing. First, the disclaimer. […]