The best thing to do is place your money into a money market account at a Credit Union. It has no risk and a high percentage rate back. You might need to save a while first as many have a minimum deposit amount, but it is definitely a great choice long term as apposed to a regular savings account. If you would have started when you were 20 and put in $2,000., you would have over 1 Million by the time you were 65. It really is a great way to safely invest your money.

For the amount of money you have each month, start by accumulating it in a savings account until you have at least $2000-$3000. Many investments have both minimums to add to the account as well as a transaction fee. You want to minimize the fee overhead as well as any account costs.
While you are building up your investment fund, there are many books, magazines and online forums where you can learn about investing. I like

Certificates of Deposit with a high interest pecentage yield.

The BEST website is the Motley Fool, it explain things in an easy to understand tone. One of the options they suggest for someone to invest with a little per month is direct investment with a company.

investing in your 401(k) is a great idea, because they will take the amount out of your salary before taxes are taken out, so you get a little bit of money invested which would have otherwise gone to the state or fed.

if you are leary about aggressive investing, try putting your money into a money market (very stable & ok rates) or into CDs (very conservative but guaranteed returns).

you can also open an online savings account. all of the big banks are currently offering them (hsbc, citibank, ing, etc). i currently have one with ing direct (www.ingdirect.com) & am getting a return of about 4.75%

read investing for dummies – classic yellow dummies book, which will simplify everything for you. good luck!

Who isn’t on a fixed income?If you make 15.00 an hour or a million dollars a year that to me is “fixed”.

if we wuz sittin around sum evening wit sum beer , I could see wut you wanted and cud say maybe what 2 tyr

BUY REAL ESTATE…especially now while the prices are down!!!!

The best place for advice on investing is Money magazine. It free at the library.