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If you have no experience trading stocks yet, the best bet is to make enough money so that you can get a rate of return. S&P over the last 100 years has returne
by codegeek 8y ago
If you have no experience trading stocks yet, the best bet is to make enough money so that you can get a rate of return. S&P over the last 100 years has returned an average of about 10%. So to make 180K gross, I would say you need $1.8 Million cash and then invest in S&P ?
If you don't have that, you are in for real fun. I mean most people lose money in stocks or investments. Heck, my 401K investment funds cannot even beat S&P on a constant basis and I have tried to rebalance the heck out of portfolio.
I am sure there are folks making 180K gross by investing in stocks but I would bet most of them do that because they have plenty of cash/capital already that generates something along S&P index.