Etrade roth IRA?

With only $1000, I too would buy ETFs. You can buy ETFs on just about anything now (the Dow. S & P, energy, financial, utilities, you name it). You can even buy ETFs that are the same as shorting an index, where if the Dow or S & P go down, your ETF will go up, which is great if it's for a Roth IRA (since you can't short in an IRA, buying the ETF gets you the same performance). And the best part is, you don't have to pay a money manager of a mutual fund a percentage of your account each year (reads as expense ratio) to underperform the market.