90% of traders lose money in the stock market. Most of the 10% who make money fail to beat the market. Only a select few actually beat the market. How do they do it?
Warren Buffett made returns of 19% per year on average at Berkshire Hathaway while Peter Lynch made returns of 29% per year on average at Magellan.
If you invest $100 per month at 10% return rate per year. You'll have $1.4 millions after 50 years. If you can do 11%, you'll have $2.1 Millions
Unfortunately, most people will not be able to beat the market and produce similar results. The best thing to do is to invest in an index fund.
Stock picking is not easy and requires a lot of time.