Sharebuilder is an excellent company to purchase stocks with if you are opening a DRIP Plan.
DRIP’s are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.
However, DRIP Plans are most effective on a long-term basis. If you do not plan on keeping you money in them for atleast 5 years, you might consider other options.
Be careful about mutual funds. People will lead you to believe that they are a safe haven. About 75% of them under perform the stock market. All of them have management fees, and some of them have sales loads.
There are good mutual funds available, but you really have to look at their track records.
Ask your parents for some guidance.