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Monday, March 30, 2020

The TRUTH About Getting Rich Quick In The Stock Market #Best Education Page #Online Earning

The TRUTH About Getting Rich Quick In The Stock Market



now most people when they start off with
investing in the stock market myself
included they have this idea that
they're going to become the next most
successful day trader or swing trader
and they're gonna take $1,000 and
they're gonna turn it into a million
dollars in a very short period of time
and I hate to burst your bubble here
guys but I want to show you something
called the 9090 90 rule to give you a
realistic idea about getting rich in the
stock market now myself included when I
got started with investing I was
dabbling around with swing trading and
this was my goal I had $500 that I
started out with in my account and I
wanted to turn that into a million
dollars buy swing trading and making you
know 20 30 40 percent returns day after
day that was the idea that I had in my
head and I want to show you guys why
that is in most cases just not a
realistic goal to have in mind when it
comes to the stock market you can
absolutely become a rich with this
investment vehicle but it's not in the
way that you are probably thinking so
right off the bat let's cover the 90 90
90 rule and the 90 90 90 rule
essentially tells us that this it tells
us that ninety percent of traders out
there lose 90 percent of the money in
their account in the first 90 days so
essentially from that we can derive that
about 10 percent of traders are
successful or at least don't lose money
and the other 90 percent of people
basically blow up their account they'll
go from $1,000 to having $100 left or if
they invested $10,000 they would lose 90
percent and be stuck with just $1,000
from that original investment and there
are a number of reasons why this is the
number one reason that I can tell you
having talked to some successful traders
out there like Ricky Gutierrez or Jason
Graystone I've met both of these people
and they are successful traders but the
number one problem is that people cannot
detach their emotions when it comes to
their money they get greedy they're
looking for excessive returns they're
trying to become a millionaire overnight
they're not locking in profits so for
these reasons specifically people tend
to be big
be unsuccessful when it comes to trading
the figure I've always heard is that
about 1% of traders are predictably
profitable so if you're in a room full
of a hundred people 90 of them are going
to lose 90 percent of their money in the
first 90 days the other nine or so
people are going to pretty much not lose
any money but not make much money either
and one out of those 100 is going to be
predictably profitable so I honestly
have nothing against trading it works
for some people it doesn't work for most
people so we're gonna take this out of
the equation here and say okay you're
not going to use trading as a means to
get rich with the stock market so how I
invest is this way let's say for example
I had $1,000 in front of me and I was
looking to invest that money this is
exactly how I've done it and how I've
been successful with investing and it's
not by taking that $1,000 and investing
it in the uber IPO or finding some
random penny stock out there that's
gonna go to the moon how I've been
successful with investing is by taking
that small amount of money that $1,000
and investing it into myself
or more specifically into my business
and I want to plant the seed in your
mind here if you are somebody sitting
there with $1,000 in front of you and
you're looking to invest that and you're
trying to become rich well why is it
that you only have $1,000 because that
in and of itself should identify what
the main problem is here
people are often chasing unrealistic
high returns in the stock market through
trading because of this right here they
don't have enough capital to get started
with and the reason behind that is
because they're not making enough money
in the first place
so if you only have $1000 in front of
you to invest I would not go out there
and put that into the market I would put
it into yourself in the form of
self-education books or I would put it
into your business or wherever you're
going to be getting the highest ROI so
personally that is exactly how I invest
earlier on you know I did have money to
invest and I was messing around with
some swing trading in the stock market
but ultimately I took that money
invested it in myself education through
books and other means online invested
money into equipment to start my online
business here and that right there is
how I have
the best return on investment so it has
been about two and a half years that
I've been running this online business
and let's just say for numbers sake that
I'm now able to have you know about
$10,000 per month of money that I could
do something with this is money that
after paying my bills paying my expenses
I've got $10,000 per month left over
that I have to do something with that
right there is the money that I would
then put into the stock market after you
have taken that money and invested it in
yourself and then you have this extra
money here and you have nowhere else to
invest it to scale your business and you
don't have any way to invest that in
yourself to make more money that is the
money that you then take and you put
into the market so that is the truth
about investing in the stock market a
lot of people think it's going to be the
solution for them for all their problems
they're going to become a successful day
trader they're gonna become a
millionaire trading stocks starting off
with a very small amount of money and
the problem here is not low returns
because the stock market returns around
8 to 10 percent per year and a lot of
people think that's useless and you know
what if you're investing a thousand
dollars it kind of is useless because 80
to 100 dollars in a year is not a lot of
money but the problem is not a low
return the problem is not enough skin in
the game not enough money to begin
investing and you're essentially trying
to skip this piece here and go right to
the stock market that is why you do not
have enough capital so let's say for
example I took that $10,000 per month
and I funneled it all into the stock
market
well after a year I would have about
$120,000 invested so that $120,000 if I
were to earn a 10% return that year
would be a return of $12,000
now that $12,000 to most people
including myself is a significant amount
of money and in that aspect a 10% return
per year seems extraordinary but when
you're investing such a small amount of
money that 10% return is just not going
to get you anywhere and I have to say in
most cases if you've got $1,000 sitting
there and that's all you have to invest
I would not put it into the market I
would put it into your own skills and
figuring out how to build a scalable
business or
how to make more money that way you can
have more skin in the game anyways guys
that is the truth about the stock market
and getting rich with stocks let me know
what you think in the comment section
below you know if you have a thousand
dollars in front of you where are you
investing it are you investing it into
yourself or are you trying to invest it
in something outside of yourself looking
for you know some kind of great return
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will see you in the next video

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