Personally I want to jump in on both of those IPOs, but I will only do it if Loyal3 offers them. Easy way to get in on an IPO and you can use a credit card. Loyal3 also offers some other stocks, all of which can be purchased fee free with a credit card.
You should probably be investing in your retirement accounts with index funds before spending $1,000 on a single stock. First your 401k up to the employer match, then an HSA if available, IRA, then back to the 401k to max it out. If you have any money left after that, invest in a taxable account.
I think most people would recommend less than 10% of your net worth be used as "play money" to invest in single stocks, because there is a lot more risk involved. Currently I don't own any individual stocks, but I do have some money in LendingClub that I am liquidating to move to Vanguard to invest in index funds.
Before investing, consider doing your research (Bogleheads is a great resource) and consider developing an investment plan. Then try to stick to that plan for the long term. Developing (and sticking to) a plan and investing in index funds is probably your best bet for success.
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