Are there people who actually earn their living on the share market? I've heard that a lot of rich people invest in share market and/or properties, etc, but I am not sure if this is their only income source.
Or maybe they may have a significant amount in the bank and even if they lose 10% in a year rather than making 10% in a year, may not affect their life style considerably.
My personal knowledge is not very encouraging. I know some people who invest (or rather gamble) on the share market, and with some luck in long term they just about break even. I know about others who attempted to earn a living from the share market and they ended up getting loans and running away because they could not repay their debt. Some others tried day trading and after a few years started looking again for a job.
What kind of return could be expected from the share market? 10% per year, 20%, more? What about a bad year?
I am not talking about the best of traders, but about normal people with normal skills.
On the other hand, from what I read, there are apparently fewer people (even considering the professionals) who can get better returns than what the average of the market.
Are there any traders that obtained consistent returns over 10% for most of the last 10 years?
Based on common sense, I suspect that if the returns in the share market would be consistently greater than the property investment, probably less people would invest in property in the favor of shares. Of course, some people may be very scared about the risks of the share market.
I don't intend to leave my job, which I'm pretty happy with and it offers me a decent level of living, I'm just asking. We have some funds available, sitting in the bank and we consider how to make it work harder for us.