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Has anyone gotten rich from playing the stock market

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Has anyone gotten rich from playing the stock market

Old 07-17-06, 04:24 AM
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Has anyone gotten rich from playing the stock market

I am curious too see if any otters made some big bucks playing the market. Just like to hear your experiences.
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Old 07-17-06, 06:00 AM
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I prefer to have financial freedom stuffing envelopes at home part time.
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Old 07-17-06, 08:46 AM
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Bulls make money, bears make money. Pigs get slaughtered.
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Old 07-17-06, 09:01 AM
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No, but I have a customer that has. From files I have seen on his computer, I would guess his net worth at about 20 million.

I know from discussions that I have with him that he basically left his parents house with nothing but the clothes on his back. He worked his way though college, got a real job, saved up some money to invest, and made it all from there.

He dedicates a tremendous amount of time to his investments. I would say more than many of you spend at your day jobs in a week.
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Old 07-17-06, 09:06 AM
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Originally Posted by Brian Shannon
Bulls make money, bears make money. Pigs get slaughtered.
Best summary of playing the market.

-p
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Old 07-17-06, 09:07 AM
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No, not yet. I am hoping this bull gold and silver market will make me rich.
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Old 07-17-06, 09:55 AM
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Friend of mine made enough during the Internet boom to retire on. Nowadays, his 'job' is managing his money and traveling in his leisure time.
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Old 07-17-06, 10:00 AM
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not lately
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Old 07-17-06, 10:17 AM
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Old 07-17-06, 12:15 PM
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No, but I know many folks that ended up poorer.
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Old 07-17-06, 12:33 PM
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Originally Posted by Pistol Pete
No, but I know many folks that ended up poorer.
I know someone who was heavily invested in lots of the bubble stocks from pre-2000. I remember eToys and Pets.com were his big plays. He lost everything, including his small business, and now lives in a trailer on his ex-wife's property.

I bypassed the market then but now have a few mutual fund investments. I am far from rich though.
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Old 07-17-06, 12:42 PM
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define "playing the stock market". Define "rich". You mean just investing in it? Do you mean "able to retire comfortably?" If so, then millions and millions of people have gotten "rich" from "playing the stock market".

By "playing the stock market", if you mean "day trading", then no, not too many people have gotten "rich".

The stock market is for long term investing. You can't lose if you invest that way in it.
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Old 07-17-06, 02:19 PM
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I thought this was interesting:

As of 6/30/01, the S&P 500 had a trailing 5-year total return average performance of +14.5% per year, up +97% in aggregate. Over the subsequent 5-years (7/01/01 to 6/30/06), the S&P 500 didnít even gain +14.5% in total. The large-cap stock index gained +2.5% per year or +13% in aggregate
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