Hello, I'm a college student very new to stocks. I'm trying to make money through investments for a used car in a couple years, but without risking a ton of money.
Currently, I'm using the Acorns app on a moderate profile. I appreciate it for its user-friendly and relatively low-risk format. It's the only stock trading I'm comfortable with as a beginner.
However, I don't want to have to wait 10 years to have a couple thousand dollars in my account. So what I've been doing is adding a LOT of one-time investments to the account (think several hundred dollars at a time, deducted from my paychecks). If I keep doing this, is it possible to make large returns in a few years, or do I really have to add a lot of time (a decade or more) to the equation in order to get big returns?
[link] [comments] https://www.reddit.com/r/stocks/comments/1325qu8/does_higher_principal_make_money_faster/
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