Lunch Break Investing

Get Rich Quick Stocks?

There isn’t a strategy that will make you rich quickly in the stock market. I’ve seen the ads for making millions investing in penny stocks and the ads for how to make millions in the stock market. It just doesn’t happen.

Let’s do the math:

To make a million dollars in one week:

1. Invest enough money in stock that can be sold for a million dollar profit.
• Let’s say you have a stock that will go up 10% in one week.
• You’ll need to invest $10,000,000 to make your profit. If you have that much money, why do you need to get rich quick?
2. Invest $1,000 that grows to a million in one week.
• You would need to find that wonder stock that will grow 1,000%. To my knowledge, that doesn’t happen.

Sorry to burst the “get rich quick” bubble.

But, there is a way…

What you can do is grow your wealth using the stock market. Investing is more like growing a garden than winning the lottery (I’ll do that comparison later). Like a garden, you need to sow good seeds or in this case buy good stocks. You also need to weed out the bad stocks that bring down your portfolio.

Some ways to do this are:

1. Value investing
2. Large Cap Stocks
3. Small Cap Stocks
4. Trending

I won’t include day trading, because this is too risky. Besides, I’m a lunch break investor. I don’t have time to sit around watching the stock market. Any strategy should be easy to follow and not take up to much of your time.

Thanks for reading and happy trading!

Tags: don't do, finance, get rich quick stocks, money, stock market

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