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.
Smart and knowlegable investors can do somewhat better than the market averages over the long term. Most market averages are up about 20% this year. They may be down 20% next year. The long-term average return for stocks is around 9%. So it's reasonable to expect to double your money in 10 years.
As for "doubling your money in a year", you've got better odds of that going to a casino and putting it all on black at the roulette table.
Maybe in the options market, but not the stock market.
Its possible, yet unlikely.
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.
Sure. You can also lose it all in that same timeframe.
possible-yes. probable-no
Of course, if you know what you are doing.
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
possible, but highly unlikely.
There are two possibilities on stock market either you gain profit or your lose your money. So be wise in investing money.
Its possible but you are just as likely to lose it all.
Yes, You Can Make Money Double
I doubt that
it is possible to do anything but you will need to be very smart buying and selling stocks to do so
You can IF you pick the next Home Depot, or Microsoft, or WalMart, etc. It's so easy, a caveman could do it.
People have done it, but we have no way of knowing if you have the skill required to double your money that quickly.
In over four decades in the market I have had several stock investments that doubled in a year, but I have never doubled my money in a year. As stock that has a significant chance of doubling in a year also has a significant chance of losing more than half of its value in year. I have never had a real chance of doubling my money in a year because I have never made such risky stocks a large portion of my stock holdings.
Can you? Theoretically yes. Will you, not in our lifetime. Historically, sticks return an ear that means it will take 9 years of average returns to double your money. If you got lucky and made every right investment and timed your buys and sells perfectly (and I mean within minutes of when you needed to buy or sell), you might make 25-30 percent.