What is the money from?
What is the money for?
When will you be needing it?
If it is earned income, consider putting at least some in a Roth IRA.
If the money will be needed in the near future, less than 5 years, stay out of the stock market. Stick to a high yield money market and/or CDs.
As for day trading, I'm going to go against the grain here. I think the only real way to learn about the stock market is to experience it first hand. Take a small amount, maybe 10% or your stash or $1,000, and open an account with a discount broker like Scottrade. Play around a little buying and selling. Just don't get greedy and don't get stupid. You'll learn quickly enough why day trading is a losing game. Get it out of your system and then you can move on to real investing. Better to learn the lesson now.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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