If you never invested before...

[Tykimeister]

,only have money in a savings account, early 20's, and have an extra $500 to burn. What would you invest in NOW?

Not just stock, bonds, money markets, etc. But would you throw it in an IRA, a roth, CD? Oh yes, you wont be touching this money tell you retire and you plan to contribute more money to it each year. More and more each year.