re: Have 1,000 and want to put it in mutual fund

If you have a $1,000 and are willing to take a risk on something - get a stock.

If you're looking for long term stocks I'd recommend:

TSO - Tesoro Refining is nearly at an all-time low right now of $12.00, they've been as high as $60.

ZN - Zion Oil, a company drilling for Oil in Israel - long shot of a company, but if they hit just one reserve BOOM, this $5 stock skyrockets.

If you're looking for short-term, fast-money stocks I'd recommend:

CDIV - this is a penny stock with only 6MM shares on the market; nearly all of the available "float" is secured and there are a group of investors holding on to it to make the stock rises. The Market Makers who were trying to sell short are losing their arse and this stock that was .05 cents a few weeks ago is now at .14 cents stock and it's about to get into the .20's - probably within a week or two. The short squeeze is coming. If the stockholders don't bail out like lemmings off a cliff at that point it could get to .50 cents.

If you want to research stock investments this is a great site for message boards and discussions:

LINK

If you just want a mutual fund. Vanguard has some descent ones. I'd recommend Wellesley Income Fund.

Good luck!