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How to get rich investing in stocks?

12 Answers

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  • Anonymous
    2 months ago

    Its really a fairly simple matter of starting young, investing more every single month and letting the miracle of compounding do its thing.

    When your friends are buying new cars, you are investing. When your friends are spending thousands on vacations, you invest.

    Then whoever dies with the most wins. lol

    I retired before 40. Single with no kids.

  • 2 months ago

    I don't think anyone can give you proper idea about it. You have to analyze market trends.

  • 2 months ago

    vest in big companies. Then get with a broker to sell your stock.

  • Anonymous
    2 months ago

    Buy low, sell high. Or sell high, then buy low. 

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  • 2 months ago

    Build a time machine and travel back to March 2009 and buy all the companies that succeeded over the past decade, then sit on it for 10 years, sell everything on February 19, 2020 and buy back on March 23, 2020 and your set, you just need to master quantum mechanics first.

  • kswck2
    Lv 7
    2 months ago

    Trolls are not allowed. 

  • ?
    Lv 7
    2 months ago

    stocks are

    **usually**

    a very slow means of increasing wealth

    and: an expensive one as well

    Motley Fool (web site) gives a very good intro course.

    In a nutshell

    - it takes a lot of money

    - it takes a lot of time

    - but it's relatively safe and return on investments is higher than (by comparison) return on bonds or savings accounts

    The more risk you take

    the more opportunity for quicker or higher returns

    (and the more opportunity for loss rather than gain).

    The advantage of stocks

    is that your money earns money for you.

    This is (naturally) very useful to someone with a lot of available money

    and much less useful to someone without a lot of money.

    An intelligent and motivated person

    who doesn't have a lot of excess cash laying around

    can typically out-perform the stock market quite handily by putting their money to work in the sort of investment that they work to fulfill.

    For example: buying and reselling at a profit

    - whether buying new items that you are sure that you can resell at profit

    - or buying used items that you recondition (whether house or car or bicycle or whatever) that you can be sure to resell at profit

    for items that you are sure will earn a profit

    you can generally outperform stocks tremendously

    but in this case

    it's YOU doing the work, not your money doing the work while you relax.

  • 2 months ago

    Slowly.       Expect an average return of about 8% per year over a thirty year period.  Dollar cost average on regular purchases.  Never churn your portfolio.  Unless you can watch the stock market all the time buy the best mutual funds and let them do the analytics for the best stocks. 

  • Anonymous
    2 months ago

    Start young.  Invest every single month for 35 years.  Now you're rich. 

  • Petter
    Lv 7
    2 months ago

    Buy when they are cheap/low and sell when they are expensive/high.

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