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can i double my money in the stock market in one year?
18 Answers
- Raymond L.Lv 54 years ago
Sure. Especially if u buy stocks that are under 10 bucks a share. When u buy stocks under 10 bucks a share u have even a greater chance of losing it all
- 4 years ago
There are two possibilities on stock market either you gain profit or your lose your money. So be wise in investing money.
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- troLv 74 years ago
I doubt that
it is possible to do anything but you will need to be very smart buying and selling stocks to do so
- spare_widgetLv 74 years ago
If you're very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very lucky, Perhaps.
- Anonymous4 years ago
Yes. You could lose it all too.
I knew a guy way back when you earned very little and knew I traded stocks/invested and thought it was easy.
He saved up $1000 and opened an account and thought he was going to make big bucks. I dissuaded him of that real quick and I think he closed the account without ever buying a stock.
Realistic goals are a must when investing. Id say 10-15% per year is a reasonable goal. With the understanding that, depending on when you start and the market, you could see a large pulldown or paper loss of 40% or so.
I would stick with mutual funds until you have over $10k.