what the? 515 asked:


Hi i’m new to the stock market and I don’t know much about it other than the basics. I’ve done a lot of research and i’m ready to begin investing.

I want to start out slow by only using around $80-$120. Is it reasonable to think I can double or triple my money in a month if I invest smartly? Are there any sites that give tips on certain stocks that may rise because of new products they are putting out? Thank you very much for any help you can give me.

IGNACIO

7 Responses to “How Hard Is It To Make Money In The Stock Market?”

1. rand anky on November 8th, 2009 4:59 am

   try paper-trading before and after putting real $$ in the market……just google virtual trading or paper trading and you’ll get some sites. is one

   i use that site everyday to bounce ideas around….it’s free too.

   the key to success in the market is finding a strategy that works and stick with it…..it can take years

2. Joe K on November 9th, 2009 6:39 am

   $120 isn’t enough to invest… it IS enough to start a brokerage account, and you can add to the account as often as you can until it is somewhere around $2000.. then you can start buying stocks.

   It is possible to double your money in a month or less, but it will only happen once in about every 500 trades or so…. or never. (I’ve done it twice in 5 years…)

   the most important thing to remember is that individual stocks can’t fight the market for long.. when the market is trending down, don’t expect many stocks to rise… remember the well known saying, “don’t bet against the markets”.

3. Yarcofin on November 10th, 2009 12:01 am

   $120 isn’t enough to start trading stocks. You want to put in at LEAST $1,000 or else the commissions will be too high. Usually you pay a $25 commission to buy and again to sell. So you buy a $100 worth of stock with $50 of commission, you have to make a 50% gain just to BREAK EVEN. Not worth it, that’s a great formula to lose money.

   Save up money, research stocks as much as you can. Read articles and tutorials on sites like investopedia.com.

   If you are truely investing “smartly”, you won’t be doubling or tripling your money, because to do so you need to take ridiculous risks. In that case you aren’t investing you are GAMBLING. By investing properly you can make a steady 10% or more each year. You might get lucky and double or triple your stock once, but I guarantee the next time you try it will drop by twice as much.

4. John C on November 11th, 2009 6:53 am

   If you are able to open a mutual fund for $100 some international funds will allow you to do this would be one way the only other way would be to get in touch with a company that sales it stock directly to investors and dont plan on trading the stock.

5. StockTalkIndia . on November 11th, 2009 8:46 am

   It is reasonable to double your money in a month if you were lucky to find stocks that doubled that month. But do not bet on it. thinking that you would be able to do it consistently. On a long term basis, the stock market offers 10 to 20% returns annually. Expecting significantly higher just leads to emotional trading. You can also check for some resources.

6. Barbara J on November 12th, 2009 12:30 am

   You can get a HUGE list of upcoming Penny Stock companies and tips at

   Its a great resource for anyone interested in penny stocks.

7. Formely known as Frank Castle on November 15th, 2009 9:46 am

   1) Very hard.
   2) No.
   3) Yes.