I have 200 dollars. I want to make 1000 dollars very very fast. I decided to invest in the stock market. DO you think I can get 1000 dollars from the Stock Market? If so, then what are some techniques of making money, and what are some good stocks u can make loads of money off? PLease help, I am only 14 and am saving up for a Xbox 360...
2007-02-13 14:17:21 · 5 answers · asked by Football Freak 1 in Business & Finance ➔ Investing
It's great that you'd look to the stock market to make money. What you're requesting is gambling (based on your experience).
Percentage wise, most people don't make the type of money you're talking about.
If you duplicated the return of the S&P500 (in 2006) you'd have
approx. $228.00 after one year in the market ($28 is your profit, after 1 year).
This is the benchmark most investors use.
The type of investing results you describe don't come often. Rarley (very rarley) will a beginner be that lucky (gambling!!). It takes years of investing experiance to even have a vague hope of achieving these returns.... and then you'd have to add a ton of luck.
Earning money is the best route (with working hard). There are never simple answers in making money. Hard work, time & some "smarts" is the best solution.
2007-02-13 14:53:11 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Don't listen to these answers, you can't open a stock account if you are 14 without your parents signing and guaranteeing you.
And I am sure they are not foolish enough to think you can make a lot of money fast in the stock market.
It takes a lot of knowledge and hard work to learn the markets, and even then it is a long slow process to get rich, safely.
Save your money in the bank and you will get your Xbox 360
2007-02-13 22:33:04 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋
be patient its possible, you can loose it putting it in high risk stocks too,will you find that stock that go up at that rate and put your money in it at the perfect time probably not if you do show me how(seriously).
mean while by a 360 off ebay or a used one. unless you just want a brand new one then paitence is the key
2007-02-13 22:25:09 · answer #3 · answered by gottabme24 2 · 0⤊ 0⤋
dont put in stocks... it needs alot of study in order to gain this much profit out of stock .... you will waste all your money.... get loan from ur parents or brothers and pay them bak slowly...
2007-02-13 22:25:41 · answer #4 · answered by AM 2 · 0⤊ 0⤋
Yes you can
2007-02-13 22:25:58 · answer #5 · answered by DUNE 3 · 0⤊ 0⤋