What's the best way for a 17 year old to invest money?

I currently have 2 jobs and make about $120 a week.

Edit: I currently have some type of guardian fund which I believe is like a mutual fund. It started out with $5,000 when I was just a little kid. Now it's down to $1,500 so I would like to take that out and do something with it.

first of all, every week you should take 5% of your check and put it away in a savings account, it'll add up quickly so when you get a little older, you'll always have it and it'll make things easier, other than that, there's not much you can do at 17, Just save and spend wisely, DON'T get credit cards and allow yourself to get into debt, it happens in the blink of an eye.

A college education. Start an account with one of the many mutual funds, like ColumbiaFunds for instance, and keep putting your money in there. Once its college time, go to college, get educated, and start making real money.
Good luck.

First of all I really have respect for you for having the thought of investing your hardearned money at the age of 17. It's depended on your living condition and how liquid (how easily it's to access your money when you need it) you want your saving to be. If you are still living at home and you don't need the money right away, I suggest to put them in a CD that give you the highest interest for the longest time you don't need to access your money. I believe the shortest is 6-months to up to a year. If you are living on your own, then I suggest you to build an emergency fund that you can use when you lose your job. You need to put this money into a highest yield possible money market account or saving that you can withdraw money easily. I think those are the basic investing for your age and the amount that you can tuck away. There are many other investing ideas but that's for later. Hope this help.

don;t do individual stocks, don't listen to stock broker do your own research used scott trade and set up account only 7.00 a trade. use vector vest the will give info
on every thing. i used it. if you go to broker make sure they don't trade your stock w/out your knowledge, when they do this they create comm. for themself, and you may not like the one they put you in. besides it your money not theirs.