I've tried day trading stocks, penny stocks, affilate marketing, dropshipping, inbound closing. Why does nothing work or doesnt work consistently. I personally hate being an employee and wish to escape this, I know theres a better way to living life then punching a clock 40 hour a week. I've spend endless amounts of $$$ on courses and capital expenses but have gotten nowhere. Anyone have any ideas or similar experiences.
2021-01-23T00:40:56Z
I made about $3000 day trading but lost all the gains, I wasnt consistent. I went back to long term investment and have had success with that but that's no going to get me to where I want to go fast enough. I need an income replacement.
2021-01-23T18:27:40Z
I have a job I stated that, the pandemic was the best example of a job failing society its not secure.
tiescore2021-01-26T15:34:41Z
If you keep swinging for the fences your going to keep striking out. Make a sound investment plan with a focus on high quality dividend growing stocks. Set a series of easily achievable goals so you can start stacking successes. A job becomes far more fulfilling when it is a tool helping you reach your goals, its miserable when its something you go to without improving your lot in life.
You probably should try something OTHER than investing. Apparently, you're not good enough at the ups and downs, and you can't afford to lose. If you can't afford to lose every cent you invest, you should NOT INVEST. The stock market is ALWAYS a gamble. You can't count on it to make money. Even those who invest huge sums lose occasionally--the trick they have is that they have enough capital in other places so the losses aren't as painful. But they lose anyway--no one consistently wins in stocks.
Why do you think there are better ways to live than punching a time clock? Many people find it not only a fine way to live, but the most secure and consistent way to live. There's nothing shameful or wrong with it. You're just looking to make big money very fast--and that's always a recipe for MASSIVE RISK. Unless you have lots of surplus money laying around, you're going to find it a struggle; a long, slog and an uphill climb before you POSSIBLY hit the big time. Most people never do.
Investing isn't for everyone. Also--people who want to begin investing to build a portfolio that does last a longer time visit a certified financial advisor to find out what investments are the most lucrative OVER TIME--and that's the key. It's always OVER TIME. Not immediate. No matter how many courses you take, no matter what you try, you have to understand that fact. Nothing happens overnight.
I would suggest you do that, at least, if you want to continue with investments--you need a better strategy than simply trying all the 'cool' things you hear about. Find out how you can BUILD wealth, not get it right away. If you don't agree, then take your investment money and visit a casino somewhere or play the lottery--because that's about the same odds of winning.
How about getting a job, working hard, saving money and putting half of any raise you get into a ROTH IRA? Short of inventing something, you are not supposed to get rich fast, but you can with time.
It sounds like you have bounced around a lot, that you expect a fast return or success and when you don’t get it you bounce to something else. If you want income replacement, you may be better to look into something like real estate and being a landlord. It’s not as exciting as day trading, and there is still a fair amount of work involved, but it can be profitable enough to replace a 9-5 job if you do it well enough.