Can you rank the easiest, to hardest ways to make money in financial markets?

padutrader · Oct 21, 2023

maxinger said:
ie 90% of the investors are earning tons and tons of easy money.

investors are owners .

and owners of good companies make money on other people's [their employees] hard work and their patience.

ironchef · Oct 21, 2023

maxinger said:
ie 90% of the investors are earning tons and tons of easy money.

Where are the tons and tons of millionaire investors?

They are all very very hard, there is no easy road for me.

murray t turtle · Oct 23, 2023

Cabin111 said:
Fully fund your 401K to the max...Or fund an IRA.

The elephant in the room is your spending. No one wants to talk about that. The less you spend, the more you can save and invest. It's not rocket science...

Start with this old book (New York Times best seller)...It is still relevant.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjwwIjugIaCAxVaNEQIHbRiBg8QFnoECEAQAQ&url=https://en.wikipedia.org/wiki/The_Millionaire_Next_Door&usg=AOvVaw166IpyiKuuLxyP2tZKy-XF&opi=89978449

PS No need to read the book...This summery will work.

%%
AGREE/ and good spending plan point + points;
but make sure to read + study The Millionaire Mind book , by Dr Stanley. Only if one likes making money more than excuses.
Sorry\ they changed one of those Millionaire Mind points, after it got published LOL

WE Have No shoe repair near us now :caution:

Still its great a millionaire mind principle;
I repaired -replaced a good shovel handle .
Noticed in many products, they are designing stuff not last as long, or built as good as older ones , like some brand name guns, some tools.............

ironchef · Oct 23, 2023

murray t turtle said:
%%
AGREE/ and good spending plan point + points;
I repaired -replaced a good shovel handle .
Noticed in many products, they are designing stuff not last as long, or built as good as older ones , like some brand name guns, some tools.............

You have to check where there were manufactured. Old tools, good old US of A.

SunTrader · Oct 23, 2023

Few old tools in this topic. But not you ironchef haha

murray t turtle · Oct 23, 2023

ironchef said:
You have to check where there were manufactured. Old tools, good old US of A.

%%
Good old patterns LOL

Still, so many old time patterns were so good as a general rule;
steel still needs iron. Also have to aware of premiums paid for Annie Moses Oakley tools.
Metal dealers do measure by the ton, a lot + pounds;
I also like US dollars + %, 12 gauge ,30 caliber measures .......

rajendrash · Nov 3, 2023

rajendrash said:
Starting with the most accessible, long-term investing tends to be the least demanding in terms of time and expertise. It's more about patience and letting your investments grow over time.

Day trading comes next, requiring a bit more skill and the ability to make quick decisions in a fast-paced environment.
Options trading is a bit more complex and riskier, involving contracts that can be pretty tricky to navigate.
Forex trading is often considered the most challenging, as it involves high risk and high potential reward, but it's also more complicated to master.
Remember, these rankings can vary based on your individual skills and risk tolerance. I've also been exploring methods of making money on Audible Amazon lately. It's an intriguing avenue worth checking out if you're into audiobooks.

maxinger · Nov 3, 2023

ironchef said:
Where are the tons and tons of millionaire investors?

They are all very very hard, there is no easy road for me.

Many investors say investing is very easy.
But buy any stocks and hold them for many decades.

I know it is mostly not true.

ironchef · Nov 3, 2023

rajendrash said:
Starting with the most accessible, long-term investing tends to be the least demanding in terms of time and expertise. It's more about patience and letting your investments grow over time.

Do you know that the hardest skill to master is patience?

As a result, long term investing is one of the hardest, especially if you are young and restless. The flip side, you finally learn to be patient when you are old but by then you run out of time.

murray t turtle · Nov 3, 2023

ironchef said:
Do you know that the hardest skill to master is patience?

As a result, long term investing is one of the hardest, especially if you are young and restless. The flip side, you finally learn to be patient when you are old but by then you run out of time.

%%
Good points;
long term investing in REALTY is not hard, but requires work.
A lack of patience in inVesting in ETFs can be good for trader.
My comments dont apply to single stocks, cons\ bitcons\
But for those very talented with single stocks like Fidelity ContraFund, Peter Lynch, Mike Masters , Mr Goldblatt,, Jim Cramer/ They dont really care about my opinion of single stocks nor should they care about my, or Dave ramseys's opinion of single stocks LOL