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/biz/ - Business & Finance

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10129041 No.10129041 [Reply] [Original]

Can you guys really make money out of investing enough so you don't have to work? Or is it just some youtube meme mentor shit?

Thinking about learning this shit but I don't want to have my hopes up, so is something like gaining 80 dollars a day doable for a normal everyday person that just started studying economics?

>> No.10129060

>>10129041
honestly man I dont think the lifestyle is for you if this is where you come to ask that question

>> No.10129081

>>10129041
Get about $700,000 in your investment account and draw 4% a year. Easy!

>> No.10129092

>>10129041
kill youself faggot

>> No.10129096

>economics?
stopped reading there

>> No.10129140

>>10129041
So far from my experience you can if you put in at least a little effort. Once you have the software and some basics down you'll be aiight. Or you could fuck everything up for not following your rules. Or maybe even for following the rules. It's a wild fun daily thing to be a part of I would say. even 1000 dollars is fun to start and mess around with to find the different sweet spot prices and make a few dollars. If you don't have bills right this moment or less than most people then you're in one of the best positions even with a shitty lower wage job. I've never traded paper but you could do that too if you haven't heard of that option before.

>> No.10129204

>>10129140
Yeah right now I'm living with my dad and he is chill with me living with him until I need to go.

I get paid around 1000 dollars monthly, only have to pay 160 for my phone. So I get around 840 bucks monthly to spend in whatever stupid shit I want.

>> No.10129220

>>10129060
kek, op looses $10000 and months of his time later before he learns how to make $1000 in a day

>> No.10129225

i have over 500,000 invested and i live alright, is it "the life"? no.. but it's alright. made 10k off GBR this past week.. but i feel nothing at all.. nothing...

>> No.10129238

>>10129204
desu kid unless you're special in autistically dertmining patterns or some shit you'll probably loose all that.

>> No.10129281

>>10129225
That sound cool man, don't know how could you not enjoy that life. I really don't want to work for anyone to be honest.

>>10129238
Well I can start saving while I practice with paper money.

>> No.10129284

>>10129225
Why don't you level up and make a blockchain with all that.

Protip: It's gonna take all that and someone's gonna wanna buuy the majority from you ;)

>> No.10129288

>>1012920

Hold onto as much of it as possible, and start as soon as you can, every day theres some crazy shit happening, millions of dollars being made and lost. I love it, and its really not as high level mind games as movies or other shit makes it out to seem like. You buy a stock using some sort of broker, and sell when it goes up, typically within a day maybe a hold here and there if the info is good. If you have software, which is 100% essential imo, you can introduce yourself to the market and the scanners to watch for whats doing what ever day. I just started with the stuff I personally like, now I scan the premarket and do some googling and just buy what looks like the move for the day. Scaling the profits just kinda comes after a while

>> No.10129300

>>10129281
paper money isn't the same and don't bother with leverage.

you just do research to come up with a unique strat imo. you need some sort of leverage besides luck

>> No.10129329

>can you make money without working
Yes.
>Is it just some youtube meme mentor shirt
Yes.
>$80/day
You are already thinking incorrectly. You have to think in percentages, not absolute values.

>> No.10129369

>>10129041
>Can you guys really make money out of investing enough so you don't have to work?
quit my job 8 months ago, bought a new truck, currently shopping for a house
have not even looked at my resume once

>> No.10129424

>>10129369
God damn thats fucking cool man.

>> No.10129502

>>10129424
It's better than working for someone, but it comes with it's own share of problems. Namely, you don't have a guaranteed steady stream of income so there is always a lingering anxiety that you are going to lose everything (especially in markets as volatile as crypto). Still trying to figure out how to properly balance income and mental health.

>> No.10129510

>>10129502
how about not buying a car and a house if money is still a concern wtf
are you fucking retarded

>> No.10129543

>>10129502
Is there any contingency you set aside? Is there always tendency to go balls deep, with a fear of losing everything?
I'm curious of this too, always thought of this as a deciding factor of whether or not to begin investing.

>> No.10129556

>>10129284
i'll stick with stocks.

>> No.10129568
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10129568

>>10129424

>> No.10129574

>>10129510
my old car was falling apart. real estate is a stable and wise investment. I can much more than afford these things as my current finances stand.
>>10129543
i have a mix of high risk and low risk investments, although with the stock market at near all time high any stock could be considered risky right now too. That's the thing, you never know for sure.

>> No.10129587

>>10129041
No it's not possible. Get a job and work until you're 65, then we'll see, goy!

>> No.10129613
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10129613

>>10129568

>> No.10129643

>>10129574
Understandable. Forecasting and Projections are as reliable as predicting, well, anything at that point. Differentiating between high and low risk investments, what factors do you usually look to with these investments? Apart from market history, and stock price history, what factors do you keep an eye on?

>> No.10129667

>>10129041
No, my economics professor with a PhD doesn't trade stocks/forex/crypto because he has no "appetite for risk".

On the other hand, some people are just natural at it. Like Steven Dux, who turned $20k to $2 million dollars in two years. A lot of the best traders just have a natural predisposition to it, and apparently it's not like most learnable skills. You are either a naturally good trader, or you are going to struggle all along the way.

Also know that 95% of traders lose and only 5% are actually consistent enough to make a living out of it.

... Unless you meant just living off of your investment, that's easy. Look up the trinity study and /r/financialindependence on reddit. With a 4% SWR (safe withdrawal rate), as long as you invest 25x your annual spending in something like index funds, you should supposedly be able to live off of it for the rest of your life.

>> No.10129706

>>10129041
Basically what I meant at >>10129667 is:

>investing
Do you mean trading?

>studying economics
Do you mean TA (technical analysis)?
You won't make it if you are studying ACTUAL Economics. Economics knowledge does not carry over to trading.

>> No.10129881

>>10129643
in stocks, company age and market cap are the big ones. large cap companies with a balanced budget and steady profits are not likely to lose you a lot of money, but they won't make you any insane gains either. The higher risk stocks are the newer, lower cap companies that are probably not even turning a profit, and you're investing almost entirely on potential and speculation. If they make it though, you'll get a really nice return.

>> No.10130001

>>10129881
Quite simple it seems. Thanks for the rundown! Been looking to get into trading for a bit, just the lack of foresight of it along with lack of sheer knowledge is my issue.

>> No.10130395

>>10129096

>> No.10130422

>>10129041
Your only true chance would be to find the next BTC or ETH.

Everyone is saying its LINK, of course this is being fudded as much as the good about it.

>> No.10130791

It is possible but it takes a certain mindset. I think you have to be a particular brand of crazy to manage a successful trading career year in year out bull market or bear.

>> No.10131423

>>10129041
>can you make money
>anime pic
absolute state of the world

>> No.10131735

>>10129041
You wont make it