Think about it I mean you own part of a company but you didn't start anything. So does this make you a business man or woman?
2007-09-14 11:29:58 · 9 answers · asked by Programmer 3 in Business & Finance ➔ Investing
To answer your question, you must first defined "Business." According the www.dictionary.com, this means:
2. the purchase and sale of goods in an attempt to make a profit.
3. a person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
Since the idea of trading stock is a "profit-seeking enterprise," and it's not a far stretch to equate stocks to goods, I would have to conclude that, yes, that makes you a business man/woman.
2007-09-14 11:36:54 · answer #1 · answered by narrfool 3 · 2⤊ 1⤋
Churning (the practice of buying and selling stock often) usually does NOT make you a smart investor, but it makes a LOT of money in commissions for your broker. It is NOT a wise practice unless you are a very sophisticated person and have the time to track trades continuously because you need to buy or sell in a hurry if the market suddenly moves for or against you. Also, most people who are "day traders" (buy and sell stocks within same business day) have a lot of liquid resources and can afford losses. DO NOT do this if you are just looking for a quick score--it RARELY happens that way.
2007-09-14 11:38:22 · answer #2 · answered by Mike 7 · 3⤊ 0⤋
It makes you an investor.
If you are really trading frequently, it makes you stupid.
A study by Terry Odean of the Univiersity of California at Berkeley shows that performance of stock portfolios is indirectly related to frequency of trading. Those who trade more lose more.
2007-09-14 14:34:59 · answer #3 · answered by Ranto 7 · 0⤊ 0⤋
Under certain circumstances, it makes you a buisness man or woman in the business of trading securities for your own account.
2007-09-15 03:56:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, if you do it right!
John K is right, you're an investor... if it is only a secondary source of income. If you do your research and you learn when to buy and sell and what stocks to get involved with and at what times, you can make a business out of it. But, it is always a gamble, you just have to know how to do it right and do it responsibly!
2007-09-14 11:34:05 · answer #5 · answered by HEC 3 · 0⤊ 1⤋
I am with Ken Clark 100% on this one.
2007-09-14 14:30:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No more than buying and selling a bunch of groceries makes you a chef.
:)
2007-09-14 11:34:44 · answer #7 · answered by Anonymous · 4⤊ 0⤋
it makes you an investor
2007-09-14 11:33:19 · answer #8 · answered by john k 4 · 1⤊ 0⤋
No, I am afraid it will make you lose money.
2007-09-14 11:35:21 · answer #9 · answered by lily 1 · 1⤊ 1⤋