How a College Student Made 20K in a Day with Smart Investing

Imagine making more money in a single day than most college students make in a year. Sounds too good to be true, right? Well, that’s exactly what happened to a Reddit user who goes by the name of u/throwaway_4_20_69. He shared his story on the r/Money subreddit, where he revealed how he turned $2,000 into $20,000 in just 24 hours by investing in the stock market.

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How did he do it? According to his post, he learned about investing from his father, who taught him the basics of trading and gave him some money to start with. He also read books, watched videos, and followed online forums to gain more knowledge and experience. He said he spent about two hours a day researching and analyzing stocks, and he mostly focused on biotech companies, which are known for their high volatility and potential returns.

He said he had a strategy of buying low and selling high, and he used a combination of technical analysis, fundamental analysis, and intuition to make his decisions. He also used stop-loss orders to limit his losses and take-profit orders to lock in his gains. He said he was not afraid to take risks, but he also knew when to cut his losses and move on.

One of his most successful trades was buying shares of a company called Keryx Biopharmaceuticals, which was developing a drug for chronic kidney disease. He bought the shares at $4.50 each, and he sold them the next day at $9.98 each, making a profit of over 120%. He said he was lucky to catch the stock at the right time, as it soared after the company announced positive results from a clinical trial.

He said he was ecstatic and shocked by his success, and he thanked his father for teaching him how to invest. He also said he planned to use some of his earnings to pay off his student loans, and to reinvest the rest in the stock market. He said he hoped to inspire other college students to learn about investing and to pursue their financial goals.

But how common and realistic is his story? Is it possible for anyone to make 20K in a day by investing in the stock market? And what are the risks and challenges involved?

According to Tom Blake, the founder of This Online World, a blog that shares various side hustles and ways to make money online, making 20K in a day by investing is very rare and unlikely. He said that while there are many success stories of people who made a fortune by investing in the stock market, there are also many more stories of people who lost everything by making bad or risky investments.

He said that investing in the stock market requires a lot of research, knowledge, patience, and discipline, and that it is not a get-rich-quick scheme. He said that most people who invest in the stock market do not make 20K in a day, but rather aim for a consistent and long-term growth of their portfolio. He said that investing in the stock market is not a side hustle, but rather a form of passive income that can supplement one’s main income source.

He also said that there are many other side hustles that college students can do to make extra money, without having to risk their savings or take on debt. He said that some of the side hustles that he did while he was in college included blogging, freelancing, tutoring, and flipping textbooks. He said that these side hustles helped him earn over 20K while he finished his degree, and that they also taught him valuable skills and lessons that he still uses today.

He said that some of the benefits of having a side hustle as a college student are:

– It can help pay for tuition, books, rent, and other expenses, and reduce the need for student loans or financial aid.

– It can help build a resume, portfolio, and network, and increase the chances of landing a good job or internship after graduation.

– It can help develop entrepreneurial, creative, and problem-solving skills, and foster a sense of independence and responsibility.

– It can help discover one’s passions, interests, and strengths, and explore different career paths and opportunities.

He said that some of the challenges of having a side hustle as a college student are:

– It can be hard to balance school, work, and social life, and to manage one’s time and energy effectively.

– It can be stressful, demanding, and competitive, and require a lot of dedication and perseverance.

– It can be risky, uncertain, and unpredictable, and require a lot of trial and error and learning from mistakes.

He said that the key to having a successful side hustle as a college student is to find something that one enjoys, is good at, and has a market for, and to treat it as a business, not a hobby. He said that one should also set realistic and attainable goals, track one’s progress and results, and seek feedback and advice from others. He said that one should also be flexible and adaptable, and be willing to learn new skills and try new things.

He said that having a side hustle as a college student can be a rewarding and fulfilling experience, and that it can open up many doors and possibilities for one’s future. He said that he encourages all college students to try out different side hustles and find what works best for them.

But how much do college students actually earn from their side hustles or part-time jobs? And how does that compare to making 20K in a day by investing in the stock market?

According to a survey conducted by Salarship, a website that provides data and insights on salaries and careers, college students only earn 20 dollars per hour working part-time, on average. The survey was based on the responses of over 10,000 college students who shared their earnings on LinkedIn, and it covered various majors and fields of study.

The survey found that the highest-paying part-time jobs for college students were in the fields of engineering, computer science, and mathematics, with an average hourly wage of 25 dollars. The lowest-paying part-time jobs for college students were in the fields of education, social sciences, and humanities, with an average hourly wage of 15 dollars.

The survey also found that the average annual income of college students working part-time was 10,400 dollars, which is less than half of the median annual income of full-time workers in the US, which was 22,800 dollars in 2020. The survey also found that the average student debt of college graduates in the US was 37,500 dollars, which is more than three times the average annual income of college students working part-time.

The survey concluded that college students face many financial challenges and difficulties, and that they need more support and opportunities to increase their income and reduce their debt. The survey also suggested that college students should consider alternative ways of making money, such as side hustles, scholarships, grants, and online courses.

So, what can we learn from the story of the Reddit user who made 20K in a day by investing in the stock market, and from the data and insights on the earnings and debt of college students?

We can learn that:

– Investing in the stock market can be a lucrative and exciting way of making money, but it can also be very risky and unpredictable, and it requires a lot of research, knowledge, patience, and discipline.

– Making 20K in a day by investing in the stock market is very rare and unlikely, and it is not a realistic or sustainable goal for most people, especially college students who have limited funds and experience.

– There are many other side hustles and ways of making money online that college students can do, without having to risk their savings or take on debt, and that can help them pay for their expenses, build their skills, and achieve their financial goals.

– College students earn much less than full-time workers, and they have much more debt than income, and they need more support and opportunities to increase their income and reduce their debt.

We hope that this article has given you some useful information and inspiration on how to make money as a college student, and that you will share your thoughts and experiences with us in the comments below.