Good way to invest money?

An Cardine: First go to Smart Money Magazines comparison of online brokers.This may tell you if you can open an account for $500(most of the time you will need at least 1,000).http://www.smartmoney.com/investing/economy/smartm...Keep googling broker comparisons.Good luck investing.I started with the etf SPY which follows the S&P 500.Zecco brokers might let you in - but their customer service is badly rated./...Show more

Jene Licausi: Covered this earlier:I would not put all my money, not more than 5% of it in any one stock at your age. What I would be doing is this:Roth IRA.S&P 500 or other major index.Dollar Cost Average.Do this and wait 50 years."Buy? Sell? Run or Hide? What To Do this Year May be a Lot Like What You Should Do Every Year."http://profiles.yahoo.com/blog/CUXTCCBSBYDZODXWGYK...Is now a good time to invest?http://answers.yahoo.com/question/index;_ylt=ArHtd......Show more

Vita Moodie: $500 is not enough to invest in a way that will be of any rea! l significance. I would put in away in a bank account or you can try P2P lending. If I were you I would continue to build your savings and concentrate on that. Right now is not a real good time to do investing even for the big dogs in investing. Just concentrate on saving as much as possible stack your cash and then find a good place to invest. I strongly recommend P2P lending over traditional investments right now. Its more stable and safer than the stock market. P2P Lending means Peer to Peer lending. There are two companies that do this one is called www.prosper.com, and the other is www.lendingclub.com. go here for more definition of what P2P lending is. http://en.wikipedia.org/wiki/P2p_lendingGood Luck!...Show more

Chadwick Schmelz: Put it in the bank, a CD if you don't need it, and keep saving until you have at least $2,000 before you open a brokerage account and try to trade stocks. Here is an example of why.Let's say you buy $500 worth of stock, maybe 10! shares at $50 per share. Your total cost is really about $507! including the brokerage commission. Now let's say your stock goes up 10% to $55 per share. In today's market that is optimistic. So you sell, but you also have to pay a commission on the sale so you net $543. Your profit was a total of $543 - $597 = $36. You paid out over 1/4 of your profit in commissions. You went through a lot of time researching stocks and risked your money to make $36. Investing in stocks is just is not worth it until you have more money saved up....Show more

Weldon Totaro: don't listen to any of these people. Silver today was at 15.88 but history tells that silver is always at 1/12 the price of gold. I recommend you buy silver bar or coins. Never put your money in cds, waste of time and waste of money. If you want to invesr in stocks, never give your money to a broker. That's how a lot of people lost their money. Silver is running out in the us, so just be patient with silver.I'm 16 by the way....Show more