Asked by Sasha
Are there people who invest in the stock market full time for a living? In order words, are there people who make thousands of dollars every month, short term, as a profession? If so, how can I find out more information about persuing such a career?
Thank you so much.
For some (like me), it's not a career, it is called retirement.
There are investment advisors who get paid a fee of 1% to 3% of assets for managing other people's assets. Some of them work for mutual funds. There is another type of investment advisor called a hedge fund manager who gets to keep a large fraction of the money he makes for others (or a fixed fee if he or she loses).
Drwls gave you a good answer -- the only careers in the stock market are stock broker and financial analyst.
You may be thinking of day-trading. These people buy and sell stocks by the hour, hoping to make money. However, despite a few tales of wealth made during the late 90s, most day-traders do not make a living at it. Most lose money. A good example is a stock broker I know who is a brilliant man who constantly studies the stock market and companies. If anyone were able to make a living at buying and selling stocks for himself, he would be able to do it. But he earns his living as a broker for a large brokerage firm.
This website has information about day-trading.
http://www.sec.gov/investor/pubs/daytips.htm
Thank you so much.
For some (like me), it's not a career, it is called retirement.
There are investment advisors who get paid a fee of 1% to 3% of assets for managing other people's assets. Some of them work for mutual funds. There is another type of investment advisor called a hedge fund manager who gets to keep a large fraction of the money he makes for others (or a fixed fee if he or she loses).
Drwls gave you a good answer -- the only careers in the stock market are stock broker and financial analyst.
You may be thinking of day-trading. These people buy and sell stocks by the hour, hoping to make money. However, despite a few tales of wealth made during the late 90s, most day-traders do not make a living at it. Most lose money. A good example is a stock broker I know who is a brilliant man who constantly studies the stock market and companies. If anyone were able to make a living at buying and selling stocks for himself, he would be able to do it. But he earns his living as a broker for a large brokerage firm.
This website has information about day-trading.
http://www.sec.gov/investor/pubs/daytips.htm
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.