Is the stock market a business where you can start out with like $100 and turn it into $100,000? People here always talk about making their money work for them and all they do is move money around in stocks to live their NEET life, but they are usually rich already.
I want to start making money without wagecucking. I can't get NEETbux, I have no disabilities. I am in school right now but I don't want to slave away with that either and end up with nothing, I want to start making some big bucks. Are stocks the way to go or is there another path?
I feel like this is something that people who know don't want to talk about it so they can keep making money without everyone finding out how easy it is...
you are going to lose the tiny sum of cash you have, stop before you even start
>People here always talk about making their money work for them
It's called faking it until you make it.
It's what MLMers do, as well.
the stock market is the only place where everyone gets rich within days. maybe some don't, but these people just didn't want it hard enough.
Hope you have some good pennystocks and good trading software on hand OP because that's the only way you're gonna make it rich quick in the stock market.
>Not working for an employer who has a 401(k) and matches whatever amount you put into it
>Not investing in a low-cost index fund and just letting the money sit there and pile up
>mfw there are non-fiduciary financial advisors who will try to leech off of your nest egg because they are just greedy jews
Its the easiest to fake a disability. You'll get enough to live on.
>>29505203
What's the best way to NEET it up without being filthy rich, then? Is saving until you can buy property and collect rent a good plan?
lol this has as much payoff as trying to RMT an MMO
Then how can I make like 50k in the next year without going to an actual jobsite?
Wew lad, this is a complex subject for new people. Stocks are not that different than other investments, it's all percentage based, so the more you put in, the more you get. Generally, 6 to 10 % is what you can expect from a reasonably stable investment.
If it's higher, the risk of you losing is also high.
An investment strategy is usually years to decades long.
>>29505927
you cant.
100$ isnt even enough to start investing.
Not anymore, OP. If you watched the movie in pic related or took a macroeconomics course you'd know that laws have been put in place to encourage American investment and mitigate get rich quick trusts.
You probably have a better chance of turning $100 into $100,000 buying lotto tickets than you do buying stocks.
You are more likely to turn $100 into $1,000 in the stock market though.
>>29505927
>Then how can I make like 50k in the next year without going to an actual jobsite?
You can't you fucking faggot. If you're starting from nowhere you HAVE TO WORK. So get to it you fuck.
>>29504928
Yea you can make 100 to 100000 fast but it also works the other way around
If you dont know what you do you will just lose money
>>29506506
Nicely said, I'd agree with that.
As for the 50k per year, I'd say you'll need at least half to three quarters of a million to get that. The math is pretty easy once you have a percentage ballpark to work with.
Stocks are about as reliable as going into a casino and gambling with that money OP. You're probably thinking you're gonna read up a few articles on the topic, find a few "how ticket" stocks and make bank. Whats really going to happen is that within the next 6-8 months you're going to be flat broke and give up on investing like 8 out of every 10 people that try to get in on that money game.
Honestly If you have a sum of like $5K your probably better off putting it into government bonds and making all your money off that interest rather than playing the Loss/gain game with stocks and bleed out all your money.
>>29506506
Yes, but then I could turn the $1000 into $2000, then $4000 etc etc... I am asking is that possible, and how long would it take?
>>29506922
It's easy to find out, Google 'compound interest calculator' and put, say 8% or so into the growth rate
I do but I have way more than $100 invested. I make enough to not work
>>29507369
i AM SAYING I would start with $100, then keep selling and moving it around as it grows until eventually its big. Can it work like that or would it take way too long?
>>29507558
The secret would be to figure out how much you can regularly and consistently contribute. Then run the online calculators to get a good estimate
OP, 100 dollars is absolutely not enough to start in the stock market. There, I said it.
How do you even start with stocks and shit?
>>29507640
There's plenty of (free!) resources at your disposal to figure out how to into the stock market. Google can tell you. You can even find books at your local library.
>>29504928
>I feel like this is something that people who know don't want to talk about it so they can keep making money without everyone finding out how easy it is...
This is literally the kind of line shady companies use to get you to invest in the stock market through them.
Like some other anons said, there's no get-rich-quick in the stock market unless you're unbelievably lucky, like winning-the-lottery lucky. The best thing you can do to get rich is invest in index funds, they've got low fees and they perform consistently better than most people manually investing in the market, even professionals. When you start working, keep squirreling away part of your pay into the index fund and you'll start building up a decent amount of wealth.
It's a long-term game OP, and unless you have huge amounts of cash to invest, or have the stock-market sixth-sense of Warren Buffet, you're going to lose all your money trying to be clever.
Too risky. I feel better having wasted $5000 on lottery tickets over a long time than if I'd lost it all at once on stocks.
>>29508177
Unless you sell, you haven't lost. And index funds generally recover
>>29507558
You're better off saving up first & invest in blue stock chips when they hit a low than penny stocks. Like this week I made $500 from $7500 worth of stock( which was somewhat volatile ATM )
>>29507558
Nah dude you're already way too stupid and impulsive. You're asking here, which means you have terrible decision making too. Get a job, there's no 'easy' way out of life, even rich people have to work for their satisfaction. Most of them do dumb shit and blow money just to feel like they matter, its all a mirage to them as well.
>>29508031
>stock-market sixth-sense of Warren Buffet
he bought into very aggressive companies that were small names that turned into huge names over time. He doesn't even own many stocks. He knows his shit. OP doesn't, and neither do any of us.
>>29508177
im from the future. the numbers for the megamillions jackpot tonight are 04 23 34 35 39 07
dending on which state you live in, you get somewhere between 162 to 183 million dollars; this amount is after taxes. godspeed
>>29504928
the best you can realistically do is get a good return, that might be 8% a year
>>29505544
work full time
live with parents
hope they dont make you pay rent
>>29504928
It's a good way to turn 100000 in a million (or 10000 to 100000). 100 is not enough, better take it to Subway and invest in a sandwich, made by a qualified sandwich artist.
Most responses here show how few people actually understand the industry.
For starters there are millions of hyper-educated people who work for banks, mutual,hedge,ect funds who work days and nights to give them and their firm the advantage in the market.
Yet the best performance any firm can actually put out is 20/30% on a good year, -5/10% on a bad one. The funds and traders that aren't the Dalios or Cohens of the world eat the scraps of the small profits from economic growth that are funneled into the market. Those scarps are getting smaller and scarcer as governments borrow and flip the world economic with self-serving and in no way economically viable policies.
2008? Deregulation. The tax payer paid.
2001? Tax benefits, also deregulation.
1987? Governments unable to get inflation and oil supply steady.
Today? negative interest rates to service insane amounts of sovereign debt (4*gdp in jap) and inability to get deflation under control
>can you survive these when they have brought down the best
You want to be cruising NEET steady by having the market pay your bills? You better a wonderfuckinglymazing trader and have a heap of money to start with.
There is no free lunch.
>>29508234
World index funds. Second or third world trash can go down 50% and stay there for decades. Sometimes promising first world regions can just be destroyed in a few years, like Europe.
>>29508714
This but buy the index only when half the world's economy is on fire and no one has a solution.
Best case market goes back up you make 50-100% profit.
Worst case the world collapses and totalitarian regimes seize private wealth.
Hey OP, BUY BUY BUY
>>29508714
I believe that the S&P only has been down for at most a couple of years at a time
>>29509070
Have you ever seen the an S&P chart? It dives 50% in 6 months. It's irrelevant how long it's down when the a recession hits and it takes 5 years to get your money back.
Forgive me my ignorance but dont some stockholders and investment companies have some kind of reading bots for quick day trading? How the fuck do you compete with this?
>>29509064
Buying Apple or Google stock right now could work
>People here always talk about making their money work for them
Theres banks and they give you some interest, everything over that is considered pretty good, its not a legitimate moneymaking way unless you have enough starting that the dividends and sales you make give you at least a nice salary each month
>>29504928
What a coincidence, I'm just starting as well, I feel like I need more base money though.
>>29509153
OPs got like $100 to work with . He's better off buying cheap O&G stocks
>>29505544
>Is saving until you can buy property and collect rent a good plan?
yes, very good
>>29506604
>>29505927
sell furry "art" on the innertubes.
>>29505544
>Is saving until you can buy property and collect rent a good plan?
You're gonna need more money
>made some nice money buying AMD stocks dirt cheap, at the very bottom and selling them about 3 times the value.
Too bad my starting fund wasn't high enough.
>>29509689
What price did you buy them at? They're currently at like $4~ .
>>29509707
1,5X Euro each stock
sold 4,5X Euro each stock
(fuck this non-ASCII text not allowed shit)
Buying and selling stocks isnt free so you wont be making any fast trading with small sums.
>>29509930
Robinhood.
It's free atm
