Lynn Melbourne: For young investors a good book to read is:"The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of "You would be limited to investments that have an initial investment of $500 or less. If you want to gain interest in the short term try a CD. Go to www.bankrate.com to find out where you can get the best rate. If you can wait for a long term return (5-10 years) then investing in an index fund would be great. The stock market may be down but that makes it the best time for long term investing for less cost....Show more
Stanton Degregorio: Dude, keep your money and continue to save it. When you finish high school then start looking for a good investment. I only say this because the economy isn't good now right and you are too young to lose your money. It's good you are looking to invest at a young age, I'm sure you'll go far in life!
Lupe Sancen: Invest your money in yourself... a savings accou! nt for long term savings that you will add to or a class in something that will help you earn more, save more, and do more.
Penelope Armond: You can get around 4% interest on a one year CD which should keep up with inflation, Every thing is very risky now, and if it all you have you do not what to loose it.
Bryan Avinger: For $500, it's unlikely you'd get good growth stock. Might as well go for high risk stock. When you lose, it's only %500, but when you win, you might hit a jackpot. How about AFPWD, it's a 1C stock. you can buy 50,000 shares. Buy yourself a Porche when it goes to $1.
Jorge Gerrero: Give half to your mum for your digs moneyKeep 100 for a rainy daySpend the remainder on a tutor getting your grades up a notch.You'll thank me for this advice in 20 years
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