Investment for 16 year old?

I am a 16 year old boy who has saved over $10 000 from a part time job and i want to put the money into some kind of investment. Any Ideas?????

First question: When do you plan on taking out the money?
While you're in college?
Down payment on a home?
50 years from now when you're retired?

If you plan on using the money while in college (for tuition, books, beer, etc.), then you're best bet is to put the whole thing in a bank account. Stocks are too risky if you're taking the money out that soon.

If you want to use it to buy a house in your 20's, then put half in the bank, and half in the stock market. Pick five different sectors of the economy (technology, banking, food, utilities, telecommunications, etc.), pick the best stock from each of those 5, and buy $1,000 each.

If you want to use it to retire on, put the whole thing in stocks. I suggest you buy the same 5 stocks with $1,600 each, then use the other $2,000 to buy 3-4 speculative stocks (currently between $2-$10 a share, but one of them may jump to $30 in a year or so)

Hello, It is so hard to earn money nowdays but to lose to con man is very easy! For your age, you are not matured to explore investment opportunities. If you have parents then ask them to open a saving account and save more! If not, you go to a bank and ask the teller you want to open a saving account. Save more till you become wise to know how to invest in properties that has got appreciation but not buy i.e car which depreciate and you wont get what you paid! Good Luck!

As far as i know at 16 you are too young to enter the financial invesment market, you have to be 18+.
Best put the money into a high interest term deposit account, or maybe get your parents to do it for you.
Other than that, real estate has always been the big earner, but nower days you might also consider renewable resources like solar energy, or water conservation.

The key to becoming a millionaire is getting an early start saving and having the discipline not to raid the piggy bank.

Here are some steps on how you can be a millionaire at the age of 16:

-Save the income in a Roth IRA account.

-Invest it in a simple, low-cost equity portfolio

-Simmer slowly for 47 years.

-Serve untouched and untaxed at age 67.

Demonstrating different ways for small amounts of money may be turned into a large amount of money.

Many people fail to succeed because the end goal seems so far away. Therefore, it is with saving and investing: Most people fail because it is nearly inconceivable that a few dollars a day or a well-timed gift can be turned into that magical sum. Start investing with $100.

Troy
http://floridamortgagebroker.us

First, put some in an IRA.
Second put in a CD account until you are 18, then buy a stock in a reliable company that been around for years.
If have good credit at 18, think about buying a house to rent out. Land is nice for investment if you can afford to pay the property tax for years to come, but income producing property is better because someone else is paying for it and it will increase in value over time.