Kaley Lappas: he could put in a cd at the bank if he has a lot or just a normal savings account the money will grow or her could invest in material things such as: baseball cards or even just save the coins they might worth more after a few years
Branden Roddick: I would definitely create an online brokerage for him and pick one or two stocks or ETFs to buy. Think in terms of both the investment and the education for your son.You want to keep it simple, safe and educational. Safe is important, because if the two of you mess this up, he may never touch the stock market again.You could buy the S&P 500 index using either the IVV iShares ETF or the SPY Statestreet ETF. This is pretty safe, but it is a little opaque for your son.For an individual common stock, I'd consider one of the following dividend paying stocks: General Electric (GE), Bank of America (BAC), PepsiCo (PEP), McDonalds (MCD) or CokaCola (KO). Maybe an oil company like Exxon (XOM), Chevron (CVX), or C! onocoPhilips (COP). But I wouldn't buy oil until oil prices drop below $75 per barrel. (It might never drop that low, so you could buy a little now & buy more later if it drops in price.)The great thing about investing in Pepsi, Coke or McDonalds is that your son will understand his investment better.Make sure that you that you automatically reinvest the dividends back into buying more shares.I'd rate GE as the safest to buy right now with decent return. It just came down in price a bit. KO and MCD have gone up in price recently, but both have great international exposure and profit growth. You could see some short term price drops. PepsiCo is good too, but with less international and more domestic exposure. Domestic spending is a little weak now.Conoco is interesting because it has the usual integrated oil business, but it also has a larger than usual natual gas business. Environmentalism and other factors are pushing the US towards increasing natural gas usage & we! could see serious shortages in a few years....Show more
Pei Heatherly: Wrigley's has good long term rates, but Lowe's and Home Depot have good stocks, that go up quickly, because after Hurricane Katrina, the stocks were worth about 25% more. Also you could sell the Home Depot stocks in the spring for more, because that's when most people do repairs from fall/winter weather, so stocks are worth more. Good Luck on the stock market!
Lynn Hollars: SID - A Brazilian steel company.I bought shares at $64.06 on 9/21/07.Now it is $75.56 at close on 10/11/07.That's an 18% gain in 20 days.
Jess Grizzel: Well nice to have your teenager wanting to invest his money. For a teenager he should probably want to invest in a company with a nice dividend. My bet would be MCD McDonalds. They recently increased their dividend and it has alot of overseas growth. I would wait for a pullback though.
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