How would you make money ?

[--Pete]

Hi,

To actively gain money by long-term investment strategies is entirely possible*, though.

*by self-informing about the stocks you invest in, as well as a profund schooling that allows to rightly interpret stock index curves and the trends that can be derived from them.
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Exactly. Day trading, or any other short term 'investing', is more like a job than it is just 'letting your money work for you'. Earlier I mentioned poker. The requirements for successful day trading are not that different from any other form of successful gambling. You have to know the odds, you have to really learn the game, you have to research and analize, you have to have discipline to stick to your program and not let wins and losses 'tilt' you. As a bunch of professional gamblers will be happy to tell you, it's a hard way to make an easy living.

If someone wants to take a large sum of money and use it to make their everyday life better, then using it to enable working in a profession of one's choice is probably the best thing. Opening, say, a hobby shop might bring in as much or more income than day trading and in addition, it can give great satisfaction to someone involved in the hobby. The windfall can be thought of as a 'do what you love, the money will follow' enabler.

Now, a *big* windfall is a different matter. If the amount is enough to ensure a sufficiently luxurious remainder of one's life, then just investments (and possibly a money manager) are all that are required to free one for the jet-setter (playboy? whatever the recent idiom is for 'rich air-head') life. But I got the impression that that is not what's being discussed in this thread.

--Pete