Age: 21
Debt: $20,000 left on school loans
Annual Savings: 800 a month
Investment Funds: $3,000

I'm looking for possible investment options whether it be bonds, stocks, mutual funds, bank savings account etc.

What are my best investment options be?

( answer with an explanation please so that I may research the advice in further detail )

Buy silver. It's a very good time to buy. Google "silver investing" and go from there. Do a lot of reading and see if it's for you. Hint: it is about to have significant returns and do very well! It should be held for at least one to five years.

Keep saving until you have a greater amount to invest. After that it depends on your goals, risk tolerance, and skill level.

Under no circumstances should you ever invest it physical gold or silver.

What is considered a greater amount to invest 5-10k?
I've looked in to that gold/solver smelting etc. I wouldn't personally do that.
Until I save for a larger investing bank roll do you suggest I try to find a bank that offers the best savings account?
I'm basically looking for best % I get back in my savings. Should I be weary of anything when going to look for them? (how much I need to keep in the account, availability of funds, % of funds I get for having money in account, is it all liquid, can I be trapped to keeping one etc?
Requirements of the account will be determined by the bank obviously.

bankrate.com

/thread

what rate are you paying on student loans?

I have two separate loans and I overpay both at 200 a loan payment totaling in 400 a month paying my loans back

The interest rate you are charged on your loan is probably higher than most investing alternatives. Therefore, you should probably try to prepay it rather than saving and investing.

I know this one. The answer is that $10,000 is considered a greater amount to invest than $5,000 is.

OP, does your workplace offer a 401k plan? Are you enrolled? Do they match your contribution to any degree?

they offer a simple pension plan, match up to three percent. I have to wait till January

.

Pay off all your debt first. After the debt is paid off save up living expenses for about 6 months. This way if some unseen emergency happens you can handle it without hurting your investments.

If I were you I'd open a Vanguard account and invest in some dividend funds. An ETF like "VIG" would be a good start. Have a monthly amount taken from your checking account monthly(at your age you'll get stinking rich long term). Continue to learn more about different funds and expand your portfolio.

Compound interest is your friend. Don't worry about a quick homerun, just invest monthly and 10 years from now you'll have a big nest egg, 20 years from now you could be rich. 40 years from now....

As for your work's 401k. I'd just put in the 3% and get the full match.

Don't waste your time with gold or silver imo.

Sounds good, I was looking into mutual funds for setting up long term. I haven't looked much in to stocks or anything yet and want sure if I should start an e trade account and mess around with guidance from financial advisor. Any thoughts about the company primerica? I know someone that works for them and I've been talking to them about mutual funds and other investment options.

Their term insurance is too expensive.

Primerica will tell you to open 2 accounts with american funds (1 roth and 1 regular) and a Primerica term life insurance policy. The agent will first try to recruit you to work under him, and if that doesn't work out, he will then ask you for every phone number in your phonebook/cell.
I will be shocked (SHOCKED, I tell you!) if you get anything different from them. By the 2nd or 3rd legitimate meeting you have with them, please let me know if I have made a mistake.

Their training, marketing approach, and business structure is such that they are an embarrassment to the financial services industry.

(First sentence is fact. Second paragraph is based on plenty of experience. Third paragraph is IMO. Don't mean to belittle your friend/acquaintance - I'm sure they're good people, but I can't stand them as agents or a business)