2006-06-17 04:43:41 · 9 answers · asked by SKA 2 in Business & Finance ➔ Careers & Employment
Yes if you have a great intuition,
foresight,
understanding of the market
smartness
Unlimited money to stay invested
Sixth sense
Constant help from God
2006-06-17 04:45:05 · answer #1 · answered by Mash 6 · 0⤊ 0⤋
Yes absolutely the stock market can make you lots and lots of money. No matter what direction it is going in. Of course it is easier if it is going up.
BUT>>>you have to start with enough money to make some money and you are going to have to STUDY YOUR A-- off.
You need Value line for stability and a great brokerage company like Charlesschwab.com with all the data that is going on right at the instant it is going on. You have to invest about 8 hour /day for about two years to get things off and you need one million to invest.
Your first year should net $60,000 and it should increase exponentially each year from there on. This is a conservative figure with very conservative investments at first. Later on as you improve you will have some additional funds to experiment with carefully. You should NEVER make less then 60 K the first year and 72 the second 86 .4 K in the third year.103.68 in the forth year and so no.....
2006-06-17 05:01:53 · answer #2 · answered by loligo1 6 · 0⤊ 0⤋
There is actually a way to make a living in the stock market while losing money as well- it's called being a Stock Broker.
2006-06-17 04:50:28 · answer #3 · answered by Vinnie Saltine 1 · 0⤊ 0⤋
Absolutely, people do it all the time. I make a lot of my "fun" money selling call options off my holdings, as well a trading and doing simple buy and hold.
But like anything, you are not going to get rich overnight. I started out 15 years ago with simple dividend reinvestment plans and over the years, as I learned more, moved on to more advanced techniques.
There are plenty of good books out there. Go to Amazon or one of the other booksellers and check out the offerings and read the reviews.
One final note, do not EVER sign up for seminars and such to learn about "big money" techniques and certainly do not sign up for the multi-thousand dollar "programs" they are offer at these events. Instead of $4500, you can spend $200 on quality books and learn the same things without all the hype and other junk.
2006-06-17 05:13:16 · answer #4 · answered by Death_Merchant100 2 · 0⤊ 0⤋
Yes, definitely if you're a broker!! This way you earn no matter the market goes up or down.. I've seen people got rich and bought hundred grands sport cars, and lost it in a day in London and New York. I've lots of jumper from buildings also...
Like anything else, you win some you loose some..
2006-06-17 04:47:30 · answer #5 · answered by Titan 7 · 0⤊ 0⤋
If you have enough equity to start with, over a half a million dollars, you can make from modest to good living. Chose safe investments so you don't lose and chip away at your starting capital. Consult Charles Schwab for a safe mutual fund.
2006-06-17 06:14:43 · answer #6 · answered by browneyedgirl 6 · 0⤊ 0⤋
I would not only suggest that you be well versed and informed about stocks and company portfolios, but that you also possess intuition and... have a certain amount of luck on your side. (:
Are you thinking instant gratification or long term investments to pay your way through retirement?
2006-06-17 04:50:37 · answer #7 · answered by -:¦:-SKY-:¦:- 7 · 0⤊ 0⤋
yes it can be done, but it involves going after investments that are going to yeild earning over growth. picking the investmenst is what is difficult. good luck
2006-06-17 04:55:24 · answer #8 · answered by LD 5 · 0⤊ 0⤋
The only way is to take risks. If you don't like taking risks, find something else to do.
2006-06-17 04:50:19 · answer #9 · answered by MtnMn 2 · 0⤊ 0⤋