How to invest for teenagers (5 ways) Where to invest money?

1 Dip Their Toes in Stocks
Investing gives you a heightened sense of awareness of what's going on in the economy around you. When they have a share of a company, they're more likely to stay on top of what's happening. This helps your teen remain abreast of possible problems. #investing
2 Open a Custodial Traditional IRA
Teens can invest up to $5,500 per year in a Traditional IRA, and the money can be placed into a self-directed brokerage account. This will allow them to control their money and start investing it.
3 Set Up Uniform Transfers to Minor's Accounts
Uniform Transfers to Minors Accounts, or UTMA accounts, are great options if you are looking to help your teenager start investing. They can be set up with a wide variety of different types of investment accounts.
4 Get Them to Invest in a Business
With proper vetting, though, investing in a business can be very exciting. Whether they decide to open their own business or have researched businesses owned by family members or friends, investing in a business makes everything personal and is an excellent way for your teen to want to learn about business and investing quickly.
5 Exchange-Traded Funds (ETFs)
An ETF is similar to a mutual fund, but it’s listed on exchanges like stocks. They contain several types of investments, including stocks, bonds, commodities, or a combination of investment types.