%% Take 10-20% of the 2k+ become more of any expert by buying some selected books. That way, you may have a chance of getting more than 2 k.,.
%% That ,Word. Actually Rich Dennis started out with about $2k. BUT SPY was equal to about $7.00 then ; so it could take a bit more than 2 k today. ................................ BUT investing $2,000+ , in a good mutual fund or SPY per year, really adds up over 40-50 years,
To my mind, $2000 would be enough to use several strategies simultaneously. For example, I`ll choose the following assets allocation: - $1000 would be invested in leveraged ETFs based on S&P (e.g. SPXL, UPRO). They will follow the general market movement but with 3x leverage. For example, the position created after the previous market correction would bring you nearly 70% income just in a half of the year, - $500 would be divided among several biotech stocks with low float. Even if only few of them would actually succeed in their research, the gains received would cover all losses. When the biotech company recieves FDA approval it flyes up like a Bitcoin. - $500 would be used for intraday trading with "Stocks in play" - the stocks having strong catalyst, price under $5 and low float. The main idea is that such stock could move for $0,5-1 or sometimes even more, so they offer excellent trading opportunities. At the same time, it is important to avoid buying stocks just because they are cheap - they would only take yor money.
Could you please expand on this: a trend-exploiting Rules-Based Trading regime, restricted to EOD-data For example, would you use moving averages or other indicators? Thanks.
Open a micro emini account and learn to daytrade/scalp in your available free time. Crack that you’ll get rich of 2k pretty quickly, anything else long slow game.
If only it was that easy. Plus think of the toll it will take on your health, stress, long hours, office politics etc.