Posted by Sasha on Thursday, June 23, 2005 at 4:56am.
So unless I become a high-risk day-trader, there really is no way for me to make a living just investing in the stock market?
So did people like Warren Buffet and Morgan Stanley build their wealth some other way? And what about the fictional character Gordon Gecko?
Your question doesn't make clear whether you want to "make a living" investing other people's money, or your own. Both are possible. I already gave you a reference regarding careers in the financial advisory and brokerage business. It is also possible to live on the income and capital gains from your own investments, if you save enough while young to make this possible, look for value and diversify to avoid major losses when times are tough. Don't look for hot stocks and funds to make you rich in a few years.
Gordon Gecko may be fictional, but there are over a million Americans in the business of giving financial advice, acting as stock brokers or managing assets. Sometimes it is a hot business to be in, but in hard times jobs can be insecure.
No one has answered this question yet.
Answer this Question
Related Questions
Business - The contrarian approach to investing is best illustrated by A. ...
Economics, General Program Section 2 - A day trader tries to make a profit by A...
Investing - In a statement of cash flows, the cash flows from investing ...
Investing - Sonny owns $5,000 worth of High Risk Enterprises (HRE) stock. HRE ...
Finance - Suppose the market risk premium is 6.5% and the risk-free interest ...
investing in the stock market - Are there people who invest in the stock market ...
Economics - 1. Why is representative money more useful than commodity money? B. ...
investing - Suppose a firm estimates its cost of capital for the coming year to ...
Managerial Finance - Assume that investors have recently become more risk averse...
Investing - If the market is efficient, what happens to the intrinsic value (...
For Further Reading
