Getting millions in the market?

Question

say i return 5% a month for 6 years letting it compound starting with 5000 dollars guess what!? im a millionaire now i start to invest and get 40 - 50% returns for 10 years now i have 100s millions my question is why am i obsessing about this i will go online to this calcultaor for compounded returns and i will spend 1 hour a day just looking at possible returns i can make trading and i will just think about luxury all day!! but then i come back and get great returns also trading .. im a loner / social loser lol...please explain to me whats up?? i also read alot of investment books (college level mostly) and watch cnbc for hours a day and read wall street journel / articles online... but im not that good in school becuase i am not interesed in school like i am in the market!!! my gpa is 2.4!! 11th grade but im good at math and business classes... anyway for the past 5 years ive been up 112% yearly

Answer 1

I doubt it.  

Answer 2

What's your question?

Your talking to yourself.

Answer 3

Here's your solution. Finish all your high school classes and pass them (try to get B's at least...) so that you can get into college; because you need college to work in investing. Obviously you know what you want to do and you are extremely interested, that's awesome. If you stay this passionate about finance, I'm sure you'll continue to do great and I'd hire you in a second!

So we know school doesn't interest you, that's okay, happens with a lot of people, but you need to do okay so you can continue in life. Plus you need to take math, economics, and any finance/accounting/investing classes your school may have. You need them for investing, I know they are sometimes boring, but the info is invaluable. Then once you're done you don't have to worry about them again.

Your focus now is to get a good academic basis in the areas you love and spend so much time with. It's never too early to start taking college courses or AP classes. They aren't as hard as people say, and you just want to get into your finance classes as soon as you are ready. Continue studying the markets, investments, etc. Start picking out colleges with good (they teach good and help you get a job your senior year) business schools. Then study finance and become even better at what you do.

At some point you will want to be a CFA. Most people what till grad school or later in their careers for this, but it's never too soon. Check out the CFA program and start when you're ready. http://www.cfainstitute.org/

Next big step is to get a job at a bank, investment firm, trading firm, etc. Since you are young you'll have to start entry level which is perfect. You can learn about finance from the ground up, and get great experience and knowledge. Plus having a finance/bank name on your resume is great. You can work this job through college, move up to different levels, and change companies in the future. These experiences are invaluable.

Also keep studying, researching, and investing on your own, that's great!!

Now about the rest of your life. You need to make some more friends and become more well rounded. Think about joining a club (investments club...), play sports (this will help you get into school, is fun, and helps you meet people), and maybe pick up another hobby (like learn the guitar or something). All these things will help you get off the calculators a little, make you more socially 'savvy,' and bring experiences and fun into your life.

Answer 4

You appear to be delusional and obsessive. You are also fantasizingsy  world. If you continue to do your imaginary investing long enough, the market will catch up with you and you will not be up112% yearly.  

You need:

       More balance in your life

       A variety of interests. Don't be one-dimensional. No one will hire you

       Some goals that are outside of the stock market.

       Some goals WITHIN the investment community.  Example: what career do you want? Financial Planner? Stockbroker?

Also, set up plans of action to achieve your goals.

P.S. Get in the stock market and stay in it. It's your ticket to financial security for the next 50-plus years

Answer 5

Hey dude,

I'm glad you are starting to invest at such a young age. But do be wary that there will be times when your portfolio may crash. I mean, the way you are going things will be looking pretty bright. Just stay with conservative investments like Warren Buffett did. I mean he just invested in American companies and made billions!

Hope this helps, and if you have any questions just email me. I work for Goldman Sachs in the M&A dept.

Good luck!

Answer 6

Keep it up,

112% for the last 5 years, That's great if you can keep it up.  The market can make a billionaire out of anyone who takes the time to learn it.  Good luck.

P.S. I know I'll become a billionaire one day too.

Answer 7

assuming that you'll make 80% per year (5% a month) for long periods of time is just unrealistic.

the best pros on wall street barely manage to do 20% a year over long periods of time.

but becoming a billionaire isn't all that unreasonable.  if you invest just 10k per year for 50 years, you'd only need to get a 22.2% average return.  and each extra dollar that you throw in lowers that required return.  being a billionaire isn't that tough, actually.  it's definitely not as tough as getting into a decent college with only a 2.4 - ouch!

and by the way - i figure my first year after i get my mba, i should make at least 500k.  so figure about 1m by the time i'm 30, 3m when i'm 35, top out at maybe 10m when i retire at age 40.  if you're only pulling 700k on the street, you're either new or really, really bad at what you do.