What to do with $1,000 now

Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.

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Grow your investing knowledge
Research shows that well-educated investors have a more accurate grasp of risk -- an understanding that's key to building wealth. Three great ways to get smarter that total less than $1,000:

1. Take an investing class at a college near you. Visit local schools' websites to check out their continuing education offerings (cost: about $200 to $500).

2. Go to a conference where you can pick the brains of big minds in the field, such as Morningstar's Stocks Forum in Chicago on Nov. 3 and 4 ($349).

3. Read these books: "Against the Gods," by Peter Bernstein; "The Big Short," by Michael Lewis; "The Intelligent Investor," by Benjamin Graham; and "The Myth of the Rational Market," by Justin Fox.

You'll be wiser about the forces that affect your money. Guaranteed.



NEXT: Nab a deal on fine wine
Last updated October 18 2010: 2:02 PM ET
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