How many people get rich off the stock market?

Answer 1

With grave concerns, Cliff, check out this answer. I have a 50 + year old UNC Chapel Hill grad former friend. He worked for EF Hutton and Oldie, plus one other I do not remember, set up offices for Oldie. Worked about 15 years, told me every client he ever had lost money in the stock market. In spite of him, I have done OK.

Check this out, I just recently corresponded with a couple of discount brokers, suggested by a yahoo contact, MB Trading, Choice Trade. I asked where the money I might send in to my account is on deposit, they answered it might be in a Scudder Fund or with Penson Financial. Bottom line, I learned it might be in a desk drawer at Penson Financial. It is not FDIC insured and no guarantees with these two Brokerage houses.

Another example, Schwab at least owns a bank, Scottsdale Securities at least deposits your money in a bank in St. Louis. Be cautious when you first set up is my advice. You may be sending your money into the next world or a secretary's desk.

Answer 2

A few people make real money of the stock market but millions of fund owners hardly make anything. New stock brokers who entered via internet trading can accidentally make money but a lot of people go broke because of the stock market. The best way to enter that market is when you list a company then you know what you are doing.

Answer 3

People do get rich daily from the stock market. However, these people are usually already rich. You have to have money in the market before you can make money from the market.

Answer 4

The get rich quick ones are the ones that play penny stocks and they have to be extremely lucky, is very dangerous.

Most people that get rich do it over time and invest in solid companies and reinvest dividends.

Answer 5

a chum of mine is a financial consultant and he informed me those days approximately assembly a guy who had made $23 million interior the inventory marketplace. He became not a genius inventory-picker. His concepts-set became strictly purchase-and-carry dividend-paying shares. of direction, he began interior the 1970's while shares have been much less costly (fairly much less costly after 1973-seventy 4) and he saved including money as time glided by ability of. yet he of course proves that one thank you to get rich with shares is the tried-and-actual way of procuring for fee and protecting for 20+ years.

Answer 6

All of us.

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Answer 7

the ones who owned enron

Answer 8

ALOT