Stock Market
What is the stock market and how do people become rich off of it?
I’ve heard a lot about the stock market recently but I don’t Know Much about it. What is it? Also, I’ve heard that people have gotten rich off of it, how did they get rich?
this is a very complicated question so I am going to over simplify it. The Stock market is a “place” (I say place even though it is not really a place) where people can buy or sell stock. Stock is ownership of a company. to get rich of the stock market there are two ways to invest in the stock market that i will call traditional and gambling. in traditional you assume that the market will go up and down but in the long run it will go up and it will go up quite a bit and if you invest in such a way that allows you to invest in the whole market you will make some pretty good returns. in gambling (which may be a bad name for it) you pick a few stocks that You Think will go up big over a short amount of time then What You can do is buy What Are called “call option” which will allow you to use a little bit of money to make a lot of money but only if the stock you pick goes up a certain amount in a given amount of time. however if the call doesn’t go up you loose your investment…a lot like gambling. But people have made fortunes taking just those risks. hope i didn’t confuse you.
Traxis Partners’ Biggs Discusses US Stock Market: Video
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