Clear enough?
The longer answer is that the stock market goes up and down. Over the past year, it's up about 25%. Some years are better. Some are worse.
You can make extra money whether you're a doctor or an auto mechanic. Stocks don't care who you are.
Starting a business might be more profitable, but it's also a lot riskier. If you lose 20% in a year in the stock market, that's a very bad year. But it's easily possible to lose 20%--or lose it all--in your own business. Part of the answer really comes down to whether you have a burning desire to start a small business.
Secret agenda? Mostly people who are selling the investment have an agenda. That's especially true with commodities--gold, silver, etc. It has been possible to make a lot of money in commodities. It's also been possible to lose a lot of money. A long time ago, I had a modest investment in gold--actually gold mines, which give you leverage both with the price of gold and the profitability of the mines. So I'm not against gold or silver. But I wasn't really impressed.
If you want to cover all bases, then buy a basket of stocks or mutual funds. Make precious metals a small percentage--say 10%-15%--of your investment.
Hope that helps.
"Secret" agenda? There is no secret. The agenda is to sell you books, newsletters, advisory services, etc., etc. and probably make more money off your money than you do.
But, in answer to your question, yes, investing in companies, such as XOM, JNJ and PG among many, many others, is very profitable. Reinvest the dividends and acquiring more of their stock as you go along. And, if the American Economy continues to chug a long, you should retire wealthy.
Gold and silver? have some coins in a drawer for your grandchildren.
If you invest a small side fund into it, yes, you can earn a bit of supplemental income. But unless you're dedicating yourself to it, you won't earn enough to match even half of a standard job.
You can earn yourself 10~30% of your initial capital or so in a year (with the basics), which is pretty good. You can always add a bit more on if you have extra cash from your job that you don't need for everyday expenses, which will help add up over the long run.
"Being a doctor" has nothing to do with making money (or not) in stocks.
Can you make extra money investing in stock if you are a doctor? Or is it best to just make a small buisness on the side? It seems that everyone has a secret agenda, and I can never get a straight answer. Invest in gold, silver etc
