Investments for a teenager ($10,000+)?

I inherited $10,000 about a year ago. I put it all into a 15 month CD so i could decide what to do with it. I have recently started researching fidelity, and I would really like to start investing my money. I don't plan on touching the money until well after college (15+ years), unless, for some reason, i really need some.
Does anyone have any good advice?

Go with a fairly aggressive no-load mutual fund.
You're in it for a long run, so stay with aggressive growth stocks.
Mutuals will allow you to get a conglomerate as opposed to putting too many eggs in one basket.

investing now might not be a wise decision. For safety sake, i would say investing in utilities and food stocks. Be sure the company must be big enough to minimise risk of bankruptacy. Of course, it must have some form of monopoly power to ensure that cash is always coming in. Plus leave aside some money for bonds and liquid cash. This portfolio might reduce your risk alot, to prevent huge losses, of course, that includes having little returns. Still you have the chance of capital appreciation when the economy is good, and dividends too ;)

Good luck in your investment.

If you may use this money for college, open up a 529 plan .. Among the numerous benefits, the money will grow tax -deferred (tax- free if used for college) some states may even allow a deduction for the contribution on your current tax return (if you have taxable income) ... Then be fairly aggressive with this money since you will be able to ride out the ups and downs of the stock market over 15 yrs.. .. As mentioned above you can minimize some market risks by utilizing mutual funds..Which are the usuall invetsments offered in a 529 plan anyway.. Prehaps divide the money into 3 different investments, small cap, large cap and global... you can rebalance your allocation periodically.. (You can still get to the money if you don't use it for college, Yes, it is with with a 10% penalty if your not going to use it for college, but tax free compounding growth over 15yrs would make up for that)Happy investing : )

I suggest $3000 in a Large Cap Growth, $3000 in International Fund and $3000 in a bond fund. The first two funds with American Century and the bond fund with PIMCO... just an idea. Don't invest your $10k in more than 4 funds ($10k is too small to diversify and invest in 4+ funds)

Buy A-share class, since you're holding it for such long period. 5.75% upfront fee is hefty, but its low expense ratio will catch up with B & C share classes after 8yrs.

The remaining $1000... buy individual stocks of companies you know, buy products from, or that you like.

Don't get too caught up with maximizing your return and making profits. That will come naturally. Make sure you have the stomach to see your money go down by 5% or 15%.

The best thing about your situation: You'll gain A LOT of knowledge just from observing your investments over the next several years.

First off, kw6145 obviously knows nothing about investing, as kw6145 suggested you invest in bonds. If you're a teenager, you shouldn't even start thinking about bonds until late 30s.

Anyways, if I were you, I would buy GOOG, CAT, CVS, RIG, COP, or GLW. Any of these companies are great long term stocks. Or go to stockpickr.com and piggy back off of some famous investors.