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

i have about 1500 dollars i have made from working and i want to put most of it toward college. what should i invest my money in that is farely stable and gets decent interest rates? stocks, bonds, cds, ?

Hello,
Don't invest in stocks. The risk to lose your money is too high.
I have invested in my friend's business and now I am getting guaranteed 40% annual interest. You may email me for more information http://answers.yahoo.com/my/message_do?k...

I wish you success!

First of all, be very careful. There are many people out there willing to "help" you invest your money for a fee of course. Although $1500 is a lot of money (Congratulaitons on saving that much) it is not much in the way of investing. If you think you will not need the money for a year or two then put it in a money market fund that has a moderate growth rate; not one that is real aggressive. A great place to do this is www.vanguard.com Vanguard is a great company that has been around for many years and offers many ways to invest. Your local bank on the other hand is an ok source but you won't get near the rate of return like you will at Vanguard.

Hope this helps

Since you are going to need it in the next year or so, I would recommend investing it in CDs from your local bank or credit union.

Stocks and bonds are potentially risky and if you are going to need to get you money back in the next year or so, the cost of buying and selling would eat up any profits you may make.

Most banks or credit unions will allow you to buy a CD with a term of 3 months, 6 months, 12 months, 2 years, 3 years, etc. At my credit union (Mountain America Credit Union, www.macu.com) the going rates are between 4% to 5%.

This might be above your head, but answering this question gives me some Yahoo points, and if you can understand me, might help you invest profitably. Ok, here goes.

If you can let go of your money for two years or more, consider buying the KBW Bank index ETF. Doing this is like taking your money and investing it in dozens of US bank stocks all at once. US banks have gotten hit hard because of the subprime mess. You'll get instant diversification, at cheap prices, in an industry that will return to quality. Buying at cheap prices now means you'll probably get to sell at high prices later. If it works out, that's more money for you down the road. In the meantime, you'll get some nice dividends every three months.

Remember, there are two parts to making money in investing... capital gains and dividends (or interest). But only buy if you can hold for at least two years. You're gonna have to give the banking industry some time to clean itself up.

Ticker symbol: KBE

Hope this helps.

try http://www.goldenbullstocks.com

you might want to look at this in another light...1500 is really not much working capital but to go to college requires quite an investment and not just in tuition. If you plan to commute, then put that money towards a reliable, cheap car that can get you through 4 years without a lot of expense...like a japanese car.

Or, if you plan to live off campus, that money could go towards your rent or food. Of you'll need general living expenses, so you could just stick it in the bank and plan on using it..it won't last long that I can assure you.

But your attitude is your best asset...you're thinking like an investor and that puts you ahead of most of the general public. Congrats!...when you finally start getting enough coin to invest, you'll do just fine.

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Congrats on actually having some money saved for you college education. Since you need your money is such a short-time frame you can really take no risks with it. All you can do risk-free is either a US Treasury money market fund or a bank CD.
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