In need of investment advice.?

okay so i'm pretty young (17) and my grandma just got remarried to a millionare. when i turn 18 they are giving me $15,000. i'm still living at home, i have a pretty decent car. i will graduate college 1 day after i turn 18 (cosmetology) i was going to invest it somehow but i don't know much about investing. i was going to put it in cd's but i want more return than that. but i dont' want it to be risky either. HELP ME! please

Study the stock market now. Use play money, record what you buy, see if it goes up. The market and what you should buy at the time you turn 18 will be different than what you might should buy now. But in general, my thinking right now is to put money into precious metals or natural resources such as oil or gas or things that as the population of the earth grows and more people in China and some other countries can afford to buy things, people will need more of it.
Copper, gold, uranium, titanium, oil, etc....seem to be good bets right now. But nothing is certain. When you turn 18 the economy might be in better shape and those stocks might not be as good as some others.

One stock that I would buy now, or maybe after I see that it has bottomed out is WB, Wachovia Bank. It is undervalued. It should go back up eventually, and in the meantime you'll get good dividends, more than you would get in CD's.

It's a real good sign to me that you are even thinking of investing this money rather than throwing it away on a new car or other things that lose value. Good for you!!!

Think about it, the GREATEST risk is to take no risk at all! If you pretend you never received that gift, & put your $15,000 "windfall" in a safety deposit box in a bank, in 50 years (when you are retiring) it will be worth.....$15,000! If you invest it in "risky" growth stocks (use an Aggressive Growth Mutual Fund), over a 50 year period you will earn at least a 12% annual return, on average, so you'll end up with about a million dollars!

I would agree, the best thing you could do is put the money into a quality agressive growth fund and leave it be.

Dave M. has got it right

Why don't you start talking to professional investment advisors. Please read my profile and send me an email

do not invest anything,anywhere, we are going through a global crisis on all markets period,put the cash in a safe deposit box