Can someone safely make $100 a day through the stock market?
You start at 250k. How hard or realistic does this feat sound? How guaranteed could you tell your closest friend that it is? Would you be willing to quit your job over it?
- Anonymous4 weeks agoFavorite Answer
Even if I could guarantee a stock market income of $100/day, why would I quit my job?
The stock market is only open 253 days a year. I have no desire to live on $25,300/year.
I'd invest the 250k, let it earn the stock market average of 10%/year by doing nothing, and keep my job, salary and benefits.
Some years the stock market loses half it's value. Some years it doubles. Over a LONG period of time, the average rate of return is about 10% which is about what your $100/day is. But you cannot rely on $100/day. You could go for months with zero.
- roderick_youngLv 74 weeks ago
That's 10% a year. Not far off from just putting the money in a low-cost index fund like Vanguard 500, and just leaving it there, no trading. My concern is that you ask for $100 a day, not $25k a year. To get a consistent return over short periods, the return will be much lower.
- JohnLv 74 weeks ago
What matters is how well YOU will do in stocks. Try paper trading for about 6 months to test your skills and then put your money into it.
- tiescoreLv 64 weeks ago
Nothing is guaranteed in the stock market, investing is about balancing risks. My target retirement amount is about 2.7 million, so over ten times your start.
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- JudyLv 74 weeks ago
It's never guaranteed, but chances of making that much regularly are about zero. Don't quit your day job.
- MichaelLv 74 weeks ago
No, they cannot.
- Anonymous4 weeks ago
You'd be able to answer this question if you had close to $250k.
- 4 weeks ago
Stocks can be a useful long term investment. In the short term, there's money to be made but only at the expense of other investors. Someone lacking experience who wants to get rich quick is an easy victim for the professional investors. If you want to make a lot of money, start by working for an investment bank. Once you've gained enough experience of how the market works and how you can influence it, you're ready to start investing on your own account. Don't start unless you're ruthless enough to get rich at the expense of others.
- ioerrLv 74 weeks ago
most people who try it themselves are going to lose all their money
- 4 weeks ago
They can .. but people can also lose 100 a day on the stock market