How to Make a Million Dollars With $500 Bucks
Anyone can make money in today's market. In fact, it is probably easier to make money today than ever before.
One day the markets up a 100 points and the next day its back down a 100.
This "volatility" is actually an investors dream!
While everyone is crying "Help! Help!...My stocks are falling!", you should be thinking buy buy buy!
Follow these simple steps and make a million dollars in 5 years guaranteed!
Important, Click the links within each step. They will help you get rich starting today.
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Instructions
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The first step to a million dollars is to open up an online trading account. There are plenty of services online such as Scottrade, E*trade, Sharebuilder or Ameritrade. Each one is equally effective and great for starting your own trading account.
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After you open an account, deposit money into it. $500 is the minimum you will need to make a million dollars in 5 years. If you cant invest $500, put as much as you can into the account. If you can invest more than $500, Great! This means you will reach a million much much sooner.
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How will you make a million dollars in 5 years?
Simple, earn 3% on your money every week.
If you continue to do this for the next 5 years, you will earn exactly $1,025,590.3% a week!!!! are you out of your mind! How am I going to do that?
It's not that hard once you break it down. 3% divided by 5 days is .6% a day.
You need to earn about a half percent a day five days a week.
This I assure you, is not difficult. -
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Buy and sell stocks. Remember, you need to earn .6% everyday on the trades you make.
VERY IMPORTANT, Your goal is NOT!!! to find a stock that you think will increase .6% everyday. This will never happen ever.
Stocks move up and down all the time throughout the day. Your only goal is to capture only .6% of that move.Example, when the market opens at 9:30am, a stock drops down 1% from $100 to $99 dollars. Immediately you buy it.
By the end of the day, the stock closes at $99.50. You sell it.Even though the stock was down overall, (it started at $100 and ended at $99.50), you made .50 cents or .5% because you bought it at $99.
The point here is that you only have to capture .6% of a stocks move. When it comes to stocks, the smaller the move the easier it is to make a profit. Doing this will guarantee that you earn a million dollars in 5 years.
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Reinvest all your earnings! This is the only way you will make your million dollars.
The compounding effect of money is unparalleled to anything else. Albert Einstein once said that the most powerful force in the universe is the power of compound interest.
Reinvesting all your earnings everyday will guarantee that you make a million dollars in 5 years.
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Tips & Warnings
Very IMPORTANT! Click on the links in the Resource Box Below. They'll show you the same ways millionaires invest and make a million dollars.
Don't get Greedy! Bad investors hold onto stocks thinking they will jump 10%, 20%,100%! Work in drips .6% at a time.
Learn more about Stocks. The more you know the faster you'll make a million dollars
Resources
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Comments
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Anonymous
Sep 30, 2011
I have a program that makes %1.00 to %6.00 per trade but the cost of doin the trade on a small account($500.00)just doesn't work out even at $3.00/trade need to make over %6.00 just to break even. -
Anonymous
Sep 30, 2011
so very silly........what about the cost of making the trade... ie the commission charge.
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Your day-trading strategy here doesn't take into account the cost assessed per trade by the company you're trading with. So, let's say you buy 50 shares at $10 apiece (with your five hundred dollars to invest). You manage to sell all 50 shares at $10.50 for a grand total of $525... except eTrade charges you $10 for the transaction, so in reality you've only made $15 by risking your $500. Then you would have to repeat this process successfully every day, while simultaneously risking your entire bankroll on a daily basis. If it were easy, everyone would do it. That said, it IS possible.
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very insightful post by Rick...encourages me to learn about stocks...Thank You.
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Another problem is that when a trading account balance is lower then $25,000.00 ($500,00 is lower)you cannot make 5 round trip trades per week without being flaged as a "patern Day Trader". Once flagged you can no longer trade intraday for several months.
