Im an 18 year old looking to invest my money somewhere?

I have about 2000 dollars in savings and looking to put it into some sort of long term savings account that will make my money grow. Ive been doing some research with CDs and was wondering if there was anything else out there?

$2000 is not enough money for you to invest and get any sort of reasonable return. Your safest bet is a CD (yield is around 3% per annum). Highest risk would be a penny stock (stocks under $5). However, I would suggest you just hang on to your money and grow it some more the old ashioned way - work. Once you have a little bit more saved up, you will have a lot more options that will look a lot more attractive. You might be tempted to throw it in the stock market - don't do it. At 18, you are too likely to take a high risk investment and blow it all. Just sit tight and figure out how to turn that 2000 into 10000. Once you're at 10k, talk to a broker.

hmm maybe in a lot or an acre you can use it as a down payment for an empty lot and once you paid for it you can build a house and maybe later on rent it or if theres no house later you can sell it for more property is always going up

I would suggest talking to an adviser at the bank where you have your savings. If you tell them what you would like to do with your money then I'm sure they will have some suggestions for you.

Before you go make sure you have at least some idea of what you want, try to come up with a goal. You could just go up to them and say "I want to take my money and make more money" and it'd work I suppose, but it's easier if you tell them you want a certain yield within a certain amount of time.

$2000 isn't a whole lot to be investing in stocks or anything else.

There are several places where you can earn at least 5% interest for your money with FDIC insured savings accounts.
E*Trade, www.etrade.com, saving account is currently paying 5.05%
H&R Block, http://www.hrblock.com/bank/bank_product... saving account is currently paying 5.25%

My experience - E*Trade is easier to bank with, good web site and customer service.

Best wishes.

If you want to make money grow, then a savings account won't do it for you. CDs will return 4-5%.

It all depends on what you want your $2000 to do for you. What returns for what purposes? College money short term cds, car savings account, retirement mutual funds.

You need to decide what you want your money to do for you.

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