What are the chances of becomming rich in the stock market?

Question

Ok, being realistic, what are the chances of becomming rich in the stock market for a pretty intelligent person and how long would it take to become rich? I know it can be done, but i dont know what the chances are of it happening.

Answer 1

It depends on your definition of rich, and on how patient you are.

If you want to start with little money, and become a billionaire in 2 years, forget it. You're just dreaming.

If you invest 15-20% of your income consistently and patiently over time, with an eye towards the long-term goal instead of short-term gambling, people of average incomes can have an excellent chance of eventually becoming millionaires, or multi-millionaires. But you have to do your research, and act carefully and thoughtfully.

Naturally, most people prefer the "easy" quick-riches route, which is almost certainly doomed to failure, instead of the "hard" patient slow route, which has a very good chance of success.

Answer 2

What is "rich?" The odds are that you won't become a billionaire. However, you can definitely become financially comfortable if you learn how to invest and manage your personal finances wisely.

Start reading up or take some classes on personal finance and investing. Learn how to evaluate companies properly so that you make intelligent choices. Be financially disciplined. Avoid "get-rich-quick" schemes like penny stocks which are really "throw-your-money-away" schemes. If you're not comfortable picking individual stocks, buy good stock mutual funds. You'll get the benefits of stock market growth and you can let the pros handle the stock picks for you.

Most people fail because they want to find a system that is simple and doesn't require any effort. There is no easy path to success. However, you can do it if you are willing to put the necessary time and effort into it.

Answer 3

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What are the chances of becomming rich in the stock market?
Ok, being realistic, what are the chances of becomming rich in the stock market for a pretty intelligent person and how long would it take to become rich? I know it can be done, but i dont know what the chances are of it happening.

Answer 4

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/sfehg

Answer 5

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/bYnyy

Answer 6

Making money in stocks is a skill.

It is learned by experience, and normally, you start by losing some.

Every time you buy a stock, you pay a transaction fee.
Every time you sell a stock, you pay a transaction fee and an SEC fee.

Assuming you just randomly bought and sold stocks, your chances are 50-50. But when you factor in the fees, your odds are now less than 50-50, you will lose it all eventually.

The only way to make money in the stock market, is to always sell stocks for more than you pay for them, including all fees. You cannot just buy and sell them randomly.

The other part is, long term investing, you have to factor in inflation, and taxes. It does not do you any good if you invest $10,000 for 30 years, and it grows to $100,000, and $100,000 is the price of an economy car in 30 years.

Answer 7

I think this is a bit of a silly question.. first what do you consider rich, and you have no time parameters? Chances are you will make money if you have a wide portfolio that absorbs risk like spx, ccmp, or indu. But if you have little money the only way to strike it rich is to get lucky several times in a row without picking any dogs in speculative stocks. & the chances of that are slim of gettinxg v lucky several times in a row.. see you latest stat book .01x.01=.0001 so you see how hard it is of picking speculative winners, not that these are your actual odds but if it were that easy, everyone would be rich. & If everyone was rich then rich would lose its rich definition.
A more intelligent question would be if I have 20 bucks what are my chances of turning it into 2mil in the stock market over 5 years. & my answer would be slim to none. Good luck, there are no quick fixes.

Answer 8

Penny stocks don’t cost much money and promise big profits. But trading penny stocks is also a good way to lose money.

Sure, it’s possible to profit when you understand the game. Learn here https://tr.im/Gfvog

For investors who can’t afford shares of Google or Apple, the potential gains from trades like this are too good to pass up. So penny-stock trading thrives. With a relatively small investment you can make a nice return if the trade works out.

Answer 9

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tinyurl.im/aH4yK An option has only two outcomes (hence the name "binary" options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.

Answer 10

Well what are the chances of the New England Patriots going undefeated? Who knows, right? Anything can happen. The stock market is not the lottery it is just calucatled risk management. Before you try study up on what companys you want to invest in and all the basics before hand. Knowledge is power.