What is the best way for a teen to invest their money?

I am 16 years old and plan on going to college,
I have a good summer job as a caddy and am willing to save up a lot of money

I have invested in my friend's business and now I am getting guaranteed 40% annual interest.
Don't invest in stocks. The risk to lose your money is too high.

I wish you success!

Put it in the bank as you accumulate it. When you've got a sizeable nest egg, ask your parents for advice.

Talk to an Edward Jones investment guy. I would recommend a money market account. They are low risk and provide about 4-6% interest. Plus you can take the money out at any time because they are just like savings accounts. Most investment accounts you can't take the money when you want without penalties. That may not seem like a lot of interest, but check your local banks savings account interest. the average is 0.5% Another near us is 0.15%. banks are a joke. Worse case, if you can't get a money market account. Talk to an Edward Jones guy and see what they can offer. If not Credit Unions often have 2.0% or higher on their savings accounts. That would be better then nothing.

find an account that you cant touch or make it hard to withdraw money from. like a bank that is far away or that speaks spanish. open an account and put the money in there,(when you get the bank card rip it up) that way you have no access to anything remember the number to it and just deposit. key is to make a hassle to withdraw and you wont no carn no money its to far no money... get it??

Do you want to invest or save? By your remark that you are planning on going to college I would say you plan on saving for college. If that is the case, etrade offers a savings account that pays 4.2% interest which is an extremely attractive rate for a savings account.

If you are asking for longterm advice, I would research DRIPS. They are a direct reinvestment plan, investing directly with the company and the dividends are reinvested into buying more shares. Few brokers mention these plans since they don't make any money on them, because you won't need a broker you can buy directly from the company and usually at a discount stock price of 10-15%. This is how 2,000 in Walmart turns into 200,000 or more 20 years later. And if you are 16 now, you could probably buy a decent house in 20 years with that. Best of Luck!

Invest in pick up skills, nice clothes and a nice car. College girls will totally appreciate your investment. Discover your biggest social flaws and work on improving them.

Mutual Fund. Just a plain vanilla large cap growth. You've got a long investing career ahead of you so put it in something like that which will give you a good return over time, but better than a savings acount.

Are you saving for college?

Are you going to need the money in 2 years?

If you are going to use the money in 2 years, it would be wise to invest in simple CD's or savings accounts, with no risk.

If you are looking to invest long-term then I suggest a DRIP Plan.

They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.

The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........

They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.


You have many options available to you if you are looking long-term.

I have a great way for college students....its a business job that is perfect for college students.. Try Linking Development because they would love to have a business individual and its a home business and a good way to make some suppemental cash without taking too much of your spare time... Here's the website, I checked it out and its legit! I think the password was "guest" when it was shown to me and thats where the business model is.

http://linkingdevelopment.ltdteam.com