As with anything else in life, it is just up to you. I'm starting out too, but I have no doubt that if we just spend hours and hours researching and then taking action slowly & just repeating the cycle, we will make this a worthwhile venture. And also make some life long friends along the way.
In the 20 years of this industry, many have hit grand slams and others struck out. Looking at the whois of candy.com, it has 2 drops. As we all know Rick Schwartz finally sold it for $3Million+, years down the line.Around the turn of the century, when the dotcom bubble burst, many domaineers liquidated their assets for peanuts. Yun Ye, Frank Shilling and a few others scooped it all up and then sold it for millions.
Right here in NamePros, we have domaineers who started recently and are doing very well. Go Time Ventures (Ali Zandi), Nitindomains just to name a couple and there are definitely many more.
I am sure you can turn this hobby into a lucrative one, and if you ride it hard enough, even turn it into a full time business.