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1k - launch a online store or market an MVP 2k - poker 5k - stock trading In some ways this is really the order of things in life. The investments that take t
by nicholas73 14y ago
1k - launch a online store or market an MVP
2k - poker
5k - stock trading
In some ways this is really the order of things in life. The investments that take the least money require the most work and time. The investments that take the most money are fast but involve more risk.
I tried my hand at each but I can't say one is better than the other for making money.
- meric 14y agoStock trading isn't an investment. It's more like a job since it takes time each day. If you invest in stocks, do it so that you won't need to buy/sell for many years. (Save for exceptions during macroeconomic tail events)
- nicholas73 14y agoIf you think buy and hold doesn't require work, then I'd say that isn't investing either. It's either gambling or praying. The amount of work and experience to really understand a company, industry, and overall market is nothing compared to what it takes for a quick flip. Let's be realistic, what are your odds of doubling or tripling your money by finding the right stock? Within a reasonable time frame of course. That's the one thing I learned from stocks - there is no free lunch. The best long term hold stocks are either 1) expensive so that your return is minimal 2) unknown and take just as much work as a job 3) requires you to assume a high level of risk