How should I invest $1500?

I will soon be getting $1500 from a life insurance policy I am cashing out. In was going to open a Schwab account and put the money in a few ETFs. Schwab offers its ETFs at no commission and I figure this is the most affordable way to build a diversified portfolio with a small amount of money. The other option was to build a small portfolio of two or three stocks with a decent dividend yield, such as CTL. I am young and I would like to use this account to learn about investing so I am open to risk.