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Stock question?

I am a very wealthy 16 year old living in Chicago. My dad makes about 400000 a year, but doesn't spend it on me because he wants me to earn my own money and work hard in life. I own some stocks and over the past couple years I have gone from maybe $200 in stocks to $3000 in stocks. I will end up going to college, but I am wondering if I can earn around $100000 a year by trading stocks and not actually having job. By college I will have about $20000 to start investing. I am not planning on earning $100,000 right away, maybe by the time I am 30. I am going to college, I just would rather trade stocks then get a job after college.

Asked By: g - 6/17/2008
Best Answer - Chosen by Asker
Yes you can earn 100,000 a year trading, either stocks and/or options or both. BUT you better know what you're doing. With the right tools and knowledge you should make at least 60 a year without much effort, so a 100 is very attainable... More
Answered By: A nobody - 6/17/2008
Additional Answers (1)
Its possible but VERY VERY unlikely. The average yearly return over the past 10 years for the major market averages is about 8% on an annual basis. So if you have $1,250,000 as starting capital and earn 8% a year you could make $100,000 a year. Individual investing is risky. Trading is even more risky.
Answered By: Ryan - 6/17/2008
 
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