I need to stay at home temporary because of my mother's health, but I also need a monthly income. I have equity from the sale of my home, should I invest that, and get a 100% real estate loan for a home? Help!!
2006-08-15 19:49:57 · 3 answers · asked by shadypoint63 2 in Business & Finance ➔ Investing
Yes, it is possible to make that kind of money and more...but it is just as possible to loose that much and more. I am a trader myself for the last 8 yrs, and trust me, there is much more to it than it seems. Educate yourself on different trading methods, and papertrade first. Papertrade until you are so sick of being right not using money, and then put your money to work. But keep in mind, when you do start using your own money, your emotions will be different. I once read that you can have an excellent system and still not make money, and you can have an average system and make great money. The most important factors in trading are 1) Timing 2) money management 3) emotional control.
I got my start through seminars purchased from Ken Roberts, which were excellent learning tools which I still rely on today. But learn, learn, learn! if you want to keep your money and make money. Another great book to read is the biography of Jesse Livermore. Very interesting and informative about how in his lifetime he made four fortunes and lost three....and the lessons he learned.
Good luck with your decision! Trading is very risky......
2006-08-16 09:47:33 · answer #1 · answered by jazzzame 4 · 0⤊ 0⤋
$2,000 per month represents an average of $100 per trading day. And I certainly think it is possible to average $100/day return when swing-trading $50,000 if you employing good trading techniques and disciplined money management.
But you had better know what you are doing - particularly if you are putting your home's equity on line.
And if you are asking here whether it is possible, you probably don't yet the knowledge, experience, or skill set to make it work.
Good luck with it.
2006-08-16 01:58:18 · answer #2 · answered by TJ 6 · 0⤊ 0⤋
yeah, I think real estate is ur best bet. But what do I know ?..
I'd buy a rental property so u will always have some income.
And it is an investment. U need to really ask around, so u will
make a wise decision. Good Luck....
2006-08-15 19:59:50 · answer #3 · answered by CraZyCaT 5 · 0⤊ 0⤋
INVEST ONLY $97 AND MAKE $400 PER DAY.
2006-08-17 08:44:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋