How I Made $5,000 In 24 Hours With The Stock Market
In a world where financial freedom often feels like an elusive dream, the prospect of making significant gains in a short period can be both elusive and daunting. For many, the stock market remains a mysterious realm, seemingly reserved for the elite or the exceptionally lucky. However, as someone who has navigated the ups and downs of investing firsthand, I'm here to share my journey and shed light on how ordinary individuals can seize opportunities and build wealth. No longer is investing only for the ‘nepo’ babies or those born into wealth.
How it Started
It all started back in 2017, I found myself intrigued by the idea of investing. It wasn't an interest sparked by financial necessity or a sudden windfall of cash. Rather, it was ignited by a friend whose financial acumen far exceeded her years. While most of us were having too much fun partying and lost in the throes of college life, she was busy charting her financial future.
Since me and my friend roomed together, she began to tell me about her trips to the bank. Eventually, it drove me curious to know what she was going for. Me being a bit too inquisitive, actually needed to change my life forever. She began to share with me that she was seeing a financial advisor. To my surprise, I was wondering where she was getting so much money to start investing. Only people with lots of money have financial advisors, right?
Or, so I thought.
That was when it all changed for me. When she told me that her financial advisor was putting her money into a financial product that would yield her a guaranteed return after a certain amount of years, I was hooked. More money, without having to lift a finger? Tell me more.
And she did tell me more. So did the countless Google searches and books I threw myself into, trying to understand the world of banks, investments, and personal finance dreams. Curiosity piqued, I delved into the world of investing, eager to understand how ordinary individuals could build wealth through strategic financial decisions. My journey began with an exploration of investment options beyond traditional stocks and bonds. From Guaranteed Investment Certificates (GICs) to mutual funds and Exchange-Traded Funds (ETFs), each offered a unique pathway to financial growth. Eventually, I decided to stop dreaming and put things into action.
In my first year of investing, I started with my $5,000 in savings and decided to finally risk it all into a diversified portfolio of stocks and mutual funds. By the end of that year, I doubled my investments from $5,000 to $10,000. Wow. My brain couldn’t believe that it was this easy. That I could call in an extra $5,000 without having to do anything but watch trends, keep an eye on my portfolio, and hit buy or sell. So much easier than having to wait in traffic for most of my day to go to a job I didn’t even like.
Fast forward a year or so later, among the plethora of options, Beyond Meat emerged as a beacon of opportunity. In 2019, it decided to become an IPO and launch first time onto the public stock exchange. I was hooked on it from the start because, of its innovative approach to plant-based alternatives. Creating a food product that tasted like meat but was made from plants? I’m all in. Especially with being vegan at that time, and still someone who practices a heavily plant-based diet, I saw how this product would change the food industry. Not to mention its benefits or being a healthier alternative to meat and better for the environment. That is how I saw the potential for substantial returns. With cautious optimism, I allocated a portion of my portfolio to my biggest adventure yet. It would be the only stock where I invested $1,000 and saw three to fourfold my investment.
When Beyond Meat launched and I was all in on my $1,000 investment, I could see the controversy in the numbers. It was way above its value, and people were complaining that the stock price was too high for an IPO. Then, one fateful day, my diligence paid off. After contemplating buying and selling, and having even sold off some of the stock at one point. The value of my portfolio surged by $5,000, thanks to the meteoric rise within just 24 hours of my trade.
Within that same day, I sold my stocks having an intuitive feeling that what goes up must come down. This bull ride wasn’t going to last forever, and I wasn’t about to get greedy and take the chance of losing out. I was more than happy with my over 300% returns.
How It Changed Things Moving Forwards
As I reflected on my journey, making $5,000 in 24 hours still seems too good to be true. I realized that the path to wealth is not often paved with quick fixes or overnight successes. My journey to a rare occurrence in the stock market required patience, resilience, and a commitment to long-term thinking. Many have come after me with things like crypto memcoins and Gamestop - and people have made considerably more than just my $5,000 in one day. And you can argue that $5,000 is not enough to consider myself rich.
Today, as I share my story, my mission extends beyond personal enrichment to empowering others on their journey to financial freedom. Through coaching sessions and educational resources, I seek to demystify the world of investing and equip individuals with the tools and knowledge needed to achieve their financial goals.
The goal isn’t to get rich quickly but to realize that building wealth can be easy with enough confidence, education, and time. Making that much money in less than 24 hours, made me experience a range of emotions. From anger to bliss. I couldn’t help but wonder why I wasn’t taught investing earlier but also my relationship with money shifted from one of scarcity to expansion. Money is readily available to me, and it’s just all made up. I made an extra $4,000 out of thin air. How is that even possible? Well, it just is.
Companies need people investing in their companies, and when their profits rise, your profits do too. So you see, it becomes that simple.
Here are some lessons I’ve learned or best practices around investing in the stock market over the years if you are looking to get into the last stages of your wealth-building journey:
Educate Yourself: Take the time to learn about different investment options, financial products, and market trends. Knowledge is your most powerful tool in making informed investment decisions.
Diversify Your Portfolio: Avoid putting all your eggs in one basket. Diversification helps spread risk across various assets and industries, reducing the impact of a single investment's performance on your overall portfolio.
Understand Risk and Reward: Recognize that higher potential returns often come with higher levels of risk. Be prepared to assess and manage risk according to your investment goals and risk tolerance.
Stay Informed: Keep abreast of market news, economic trends, and company developments that may affect your investments. Being informed allows you to make timely adjustments to your portfolio and seize opportunities.
Long-Term Perspective: Adopt a long-term mindset when it comes to investing. While short-term gains can be enticing, sustainable wealth accumulation often requires patience, discipline, and a focus on long-term growth.
Practice Prudent Risk Management: Set clear investment objectives, establish stop-loss orders, and diversify your holdings to protect your portfolio against market volatility and unforeseen events.
Stay Disciplined: Stick to your investment strategy and resist the temptation to make impulsive decisions based on short-term market fluctuations or emotions. Discipline is key to achieving long-term financial success.
Seek Professional Guidance: Consider seeking advice from financial advisors or wealth coaches who can provide personalized guidance tailored to your financial goals, risk tolerance, and investment preferences.
Review and Adjust: Regularly review your investment portfolio, assess performance, and make necessary adjustments based on changes in your financial situation, market conditions, and investment objectives.
Empower Yourself: Take control of your financial future by actively engaging in your investment decisions, staying informed, and continuously learning about the intricacies of the stock market.
By following these lessons and best practices, you can navigate the complexities of the stock market with confidence and work towards achieving your financial goals, as I did.
It’s not the fact that I made $5,000 in one day that amazes me, it’s the fact that it was so easy to do. Just the press of a button on my phone. Of course, I had to make that initial money to purchase the stock, but once I did and with good timing - I was able to exponentially increase that initial amount to something greater than I could ever go out there and try to work a 9-5 and do. No job in the world can pay you $5,000 a day. Limitless types of income mainly come from investments or a business.
It saddens me that we are told our whole lives that we have to work extremely hard to become wealthy - when really what the wealthy don’t teach us, is that that’s only one part of it. The other half of it takes learning over time how to have your money work for you. As your income increases, so should your savings and investments. Then eventually you get to a point where you realize you can retire and never have to work anymore if that’s what you choose.
Wouldn’t it be nice to wake up one day and choose whether you want to work or not? To me, that’s really the goal. To not be limited by my finances and feel forced to work. There are many types of ways to invest that can get you there. Working with me, we explore which path might work best for you. So you can finally start to live on your terms.
That begs me to question…when you get your next paycheque, what will you choose to do with it?
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Disclaimer: The information provided in this video is for educational and informational purposes only. It is not intended to be financial advice or a substitute for professional financial guidance. Always consult with a qualified financial advisor or planner before making any financial decisions or investments.
