I have heard that stocks are a great way to make extra money. Are there any glaring DO’s and DON’T’s that I should know before heading into that world?

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Posted by Siena Miller (MONEY FORUMS: 4, Answers: 0)
Asked on March 14, 2016 7:43 pm
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Hi Siena, For most people stocks are a great investment, but not a great way to make extra money. 90% of active day traders lose money every single year. Building a stock portfolio for a specific goal is an excellent idea. For example, you may be able to live off of accumulated assets during retirement.

A great way to make extra money is to build up new income streams like starting a side business, taking a second job, getting a raise at your first job. Investment income streams take a long, long time to yield meaningful “extra” money.

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Posted by Hannah Rounds (MONEY FORUMS: 1, Answers: 54)
Answered: March 16, 2016 12:57 pm
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DON’T invest any money you can’t afford to lose!!! If you are looking for an income stream and NOT so hell bent on capital gains, you can look for stocks that pay dividends.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: March 15, 2016 10:10 am
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