If you were back to when you were19years old,what would you do differently in terms of investing&making money?

The 3 Best (and Smart) Investment Methods in the whole world, undeniably, are...

1. Work - working is one of the best investments because the rate of return per annum is extremely high. There're 2 calculations here: the 1st is investment on yourself. Let's say this month you spend $1000 to support yourself so that you can continue to live and work, and your salary end of this month is $2500, that makes your rate of return as much as 250% in a month. That will be 3000% a year! Just by working (for others). The 2nd calculation can be based on your savings. Let's say you have $250,000 in your bank account debt-free, and your salary this month is still $2500, that makes the rate of return as much as 1% a month and 12% a year. That's still a decent return based on this 2nd calculation although I much rather prefer the 1st. And self-investment through books and training courses will increase your rate of return from work as well.

2. Save - saving is another wise investment methods. There's this Rule of 72 used to calculate how long you need to wait for your investment to double up. If the annual rate of return is 10%, then you'll need to wait as long as 7.2 years to double your investment. Let's say if you save a decent $200 today, you'll need 7.2 years to double to $400. However, if you save only $100 today (a mere $100 difference), you'll have to wait for 14.4 years to reach $400. That's double the time just because of that small difference. Unfortunately, not many investment can generate 10% annual rate of return (or more), consistently every year. Regardless, to save is still a great investment method. The more you save, the more you have (by cutting down on wasteful spending). Put your savings in your bank account to give it some boost in fighting off inflation.

3. Do Business - operate your own business is another best investment. Basically, that's when you can earn high return through great products and services. However, there's a rule and that you must generate annual rate of return higher than the return when you work for others. Or else, it's better to sell off your business and return back to working for others.

That's it.

Some advice...
NEVER invest in mutual fund (and unit trust) unless you see yourself as a lazy and stupid person. Neither should you invest in stock market (directly). I don't mean mutual fund is bad. It's just not as good as stock market. I also don't mean stock market is bad either. It's just that if you want to invest in the stock market, you must...
1. Have a looot of time.
2. You're so smart your ROI (return on investment) on stocks is higher than working and running your own business - possibly because you're just too familiar with the stock market.

One more thing, mutual fund doesn't guarantee that your investment will not dry because of recession. So unless you're lazy and stupid, I advice you take control of your own money by Working, Saving, and Running Your Own Business.

Very little. I invested in an education and it has paid off very well.

Every time I had some money I should have bought a house and rented it out. After 20 years I would have been a rich person.

Would have left the Girls alone and invested in a better education followed by buying and selling property....

I would invest in proctor and gamble. I would also invest in plenty of beverage companies.

Well I would have bought stock in 2 little known companies, SBUX and MSFT. I guess i would have started investing in some mutual funds on a regular basis. Compound iterest, the greatest force ever created by man.

First of all.. you can not think when you are 19 and you dont have any money!!
If I had money .. buy an apartment building and rent it out and earn money while studing.. Get better education for business and invest wisely by the time I get 30.. I will have apartment buidling free and invested enough from the income to earn without doing anything.. then retire. ... I guess...

I would have read all I could find on efficient market theory and invested accordingly. If you really want to start early and win, without super-high risk, read about Markowitz' Efficient Frontier and invest in Index Funds in a proper Asset Allocation Mix

http://mgiftline.com/cgi-bin/ez5/collect5a.cgi?994 this is the site where I invested 5 ${250 Rs} stupidly and got Rs 1200 in return but have to do a small work per week. U should also try

I'd have realized that it's much better to START and put a little bit aside and keep doing it over time rather than waiting until later in life.

Knowing what I know now, or being just the same old dumb 19 year old I was then?

No matter what,I'd have put 20 dollars in a savings account every week and never touched it.I would have checked on the best type of savings for long term saving and also looked into savings bonds.

well, i am 19 now...and I'm doing pretty good so far thanks

I would have definitely saved more money.

I'd be a lot more patient. Pick up some stocks you like when they are in a downturn (right now many stocks are pricey) and just let them sit. Rather than trade actively, pick up small batches of stocks that you like over time. Give them at least 5 years before you evaluate your results. Also, don't overextend yourself at your age. You have major expenses in the next 10 years and you don't want to have to pull out of positions to pay for things. Make sure you can truly part with what you have to invest.

And consider stashing a little bit of your investment in something solid, like a highly rated bond or a high dividend stock. Ground your investment with something that should definitely make earnings for you.

Finally, open up a ROTH and start investing tax free for your retirement.

Don't be greedy! Steady gains over big gains will win, tortoise vs. the hare!

I would have bought Yahoo stocks with everything I had!
Kidding aside, investing in( low risk) secure stocks is a must.

Education is the best idea. But if you have a little money left over at payday put it into savings. I always try to take a % right off the top of my check and put it into savings. When I was 19 I used to mail it to my dad to save for me so I would not be tempted to get it and I would have to go through a lot of explaining to get it out! Then I invested in some stocks and at 35 I have a nice nest egg. The biggest advice be PATIENT! Saving a little means a lot in the future! Good luck.

open up 3 websites

Ebay
Yahoo
Google

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