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What are the best places for me to invest my money into (and how much?)?


i am 15 and willing to spend about 5,000

That depends so much on how old you are and if you have any other money on hand for emergencies etc. Maybe you could give more of those details.

OK, now we have your age and amount:

You will probably be needing this money to pay for college in about 3 years. If so, you would not want to put it in the stock market. You should put it in something safer (e.g. a 3-year CD, or perhaps I-Bonds). You should also consider having your parents put the money into a 529 plan for your college. This depends somewhat on how you came by the money (did you earn it, could it be treated as your parents money, etc.).

If you don't need it for college, and you know you can leave it for 10+ years you should open an account with someone like Vanguard and put it in a no-load stock market index fund. I don't know if you can open an IRA at your age, you could check into that as well.

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