2007-04-06 08:55:34 · 7 answers · asked by Daisy O 1 in Business & Finance ➔ Investing
No, but it helps!
W/o big money, you have to replace time and/or energy/resource. But, it can be done.
Hope that helps!
2007-04-10 08:28:31 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Yes, if you are practical about it. Suppose you are conservative, and don't want to buy stocks or trade options. You can make 5% in a money market or CD. So if you have big money, like $1M, you can make $50K/year just off interest.
On the other hand, if you become really good at trading options, futures or FOREX, you can build up a fortune by multiplying your profits - but this is no easy task. It takes exceptional knowledge, experience, and discipline. There are a few professional traders who do this - but these are rare and extremely talented individuals.
2007-04-06 16:31:00 · answer #2 · answered by Robert T 4 · 0⤊ 0⤋
I think when you consider that 8-10% is considered a strong return, then it really does take a lot of money to make a big return.
There are exceptions - but those are practically due to being in the right place at the right time.
If you invest 100,000 this year, you would be happy to have 10,000 more by the end of the year. 10,000 sounds like a lot, but you can't retire on that - plus that amount was from a 100,000 investment.
2007-04-06 16:50:25 · answer #3 · answered by Matt K 4 · 0⤊ 0⤋
No - but it does take a lot of work. A lot of people are out there studying the market, trying to find the best investments.
If you are looking for good investments, a good place to start is http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2007-04-06 21:53:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It doesn't take big money to make money. It takes being smart with what you have, and investing it wisely. By waiting for investments that are trading at a significant discount, you can make great profits in the market. You just need to be able to identify what stocks are trading at deep discounts. You can do a great deal of research yourself, or you can look to sites like economicinvest.com for help. They find great value investments to bring you maximum returns.
2007-04-06 16:38:05 · answer #5 · answered by redfearn_jc 2 · 0⤊ 0⤋
No. The other way is to start with a small amount of money and wait a lot (60 years will do). Basically if you don't have a big amount of money, you will need a lot of time or a lot of luck buying options).
2007-04-06 19:39:56 · answer #6 · answered by feromus 1 · 0⤊ 0⤋
No.
For more information about this buy the book "Titan" by Ron Chernow.
2007-04-07 03:53:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋