Don't invest your $1600 in stuff you don't know about. You'll have more chance to make profit by putting it all on red or black.
You can't just blindly throw money at something and justify it by calling
it 'investing'. This is betting and you'll lose your money.
What will you learn from it? Not much, because when you're blindly
throwing money at something, there is no process. No learning path.
For example: If you don't know how to make websites, don't invest in
SEO or links to the website. Actually learn and master to make
the website first.
Believe me, I've tried every single f*cking way of making money online.
I have made 6 figures and lost 4 figures on investing in the wrong things.
What everyone is trying to say, go and actually learn to make money online without
investing much. Because when you'll be successful with that, when you have found
a method for yourself, when you absolutely own it and make profit everytime,
THAT's when you're going to scale it up and invest in it. That's when you're
going to make real money
If you can't make $50 with a method, you can't magically double your $1600 with it either.
And yes there are always exceptions, but when you already have a paying job
and you don't have to risk it.. Why not spend a little more time to actually invest
in something (by learning) and then throwing cash at it to maximise profit.
It's just my idea, I know everyone's different but I know a lot of people
will stop doing IM after investing in the wrong things and losing their money.
Best of luck man!!