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also be aware of the fact that if you wanted to get a loan any where it is going t be hard because of the low stability/high risk that goes with playing the stock exchange.
Ps yes it is possible (stockbrokers)
You make money on the stock exchange in two ways:
1. Capital Growth, that's basically when the price of shares increase. Mostly people use capital growth for long term investments, not for income. Captial Growth on shares varies wildly and you can triple (or lose) your investment in a matter of days, so it's risky.
2. Dividend income. This is when companies pay out a cash dividend every 6 or 12 months for each share that you own. People looking for an income (like you) would invest in shares paying dividends to ensure a steady income, but for this you need large capital to start with. If you're lucky you can get about 10% income on your capital per year.
If you want to do this for a long time your stratgey will consist of investing enough of your money in divdend paying shares to ensure you have enough income to pay the bills and investing the rest in capital growth shares to make sure inflation doesn't catch up with you.
I am thinking of investing all of my money on the JSE and hopefully make a living out of it. Is that far fetched or is it very much possible?
What do you guys think, I'm just not happy with my job anymore as a structural draughtsman.