Does anyone play the stock market and make money at it?

A couple years ago we ran into one of dh's former employees. He was working at Applebee's and he said he was getting into investing. Dh kinda blew it off thinking this guy was never very smart. Like he's gonna make any money. I just said "oh you'll have to teach dh what your doing"
So the other night dh ran into this guy again in Walmart. Dh was on break from work. He said this guy looked well rested and he was a bit jealous of him. He said he is inline to make about $120k this year with stocks. His job is on a computer all day long and doing nothing else. Dh seen him leave the store and he got into a Ferrari.
Dh wants to get into the market. We have actually been talking about it for a while, but this just opened our eyes a little more. We are both a bit jealous of this guy.

Dh works 2 jobs and is looking for a break. Is this route worth it? Do you loose more money than you make at first? I am nervous that we will not do good and end up loosing money and be worse off then we were before.

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Austin
Mom to 3 beautiful girls

We have individual stocks as investments but we don't "play the market". We buy and hold stocks for the long run.

If your hubby's friend is a day-trader, I'd be very leary. You have to have a very high tolerance for risk. I don't. I know I don't. I wouldn't ever be a day-trader.

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"I've been rich and I've been poor but independently wealthy is where it is at."

we also have money vested in the stock market but ours are long term not buy sell quick kinda thing and we are doing really well in that area but it is for our retirement not to live on today...it sounds like he is a day trader and it seems with them you either make it or you don't. we have known someone that tried to be a day trader and did not know what they were doing and lost everything they had now he works at menards for $10 bucks an hour i would be very cautious and if your gonna do it you need to know your stuff..

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fALL SEVEN TIMES STAND UP EIGHT!

My dh has the option of buying and selling stocks with his 401K. He's dabbled in this a little bit and made some money, but not any huge profits. He doesn't do day trading either. Like Cookie said, that can be very risky.

For serious investing, I prefer to use a good, knowledgeable financial advisor. I'm not an idiot, but I don't trust myself to go at it alone when it comes to investing.

Just asking the question means you need to learn a ton, ton more before investing on your own. It can be incredibly lucrative but you really, really have to know what you are doing. Most people day trading are working with options, which get even more tricky but can make huge money quickly. If you are really interested, I would start really studying up on both how to evaluate a stock (for instance calculating a PE ratio) and the market in general. Even investing in basic stocks takes quite a bit of research. Start reading and good luck!

"inline to make 120K" does not seem nearly enough for one to be owning even leasing a Ferrari. sounds like that guy is a risk taker.

we met with a financial advisor of a big company and invest 10% with them. He's a fiduciary so he has some liability to our account. Initially, that helped me get over the trust issue of investing.