Investing vs Gambling (9)
ooby_doobyAshland, Virginia USA957 Threads 29 Polls 7,670 PostsWhen does a trade in the stock market become more like a gamble than an investment? How can you tell if the risk outweighs the potential for gain? Where do you draw the line and say "That's just too much like gambling" and step back from the table?
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ooby_dooby: When does a trade in the stock market become more like a gamble than an investment? How can you tell if the risk outweighs the potential for gain? Where do you draw the line and say "That's just too much like gambling" and step back from the table?
It is gambling when you invest more than you can afford to lose and when the odds of gaining is too high..it is investing when you put in what you are sure you will get back at a rate of return that is more achievable.
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ooby_dooby: When does a trade in the stock market become more like a gamble than an investment? How can you tell if the risk outweighs the potential for gain? Where do you draw the line and say "That's just too much like gambling" and step back from the table?
The key to investment strategy is diversification. I lost a large percentage of American mutual funds share price in the crash, but my blue chips recovered. My only gamble is buying a few tickets to the local VFW or Firefighters raffles..
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ooby_dooby: When does a trade in the stock market become more like a gamble than an investment? How can you tell if the risk outweighs the potential for gain? Where do you draw the line and say "That's just too much like gambling" and step back from the table?
Investment helps other people too, gambling helps or hinders yourself and is a risky burden general, and a scam helps you whilst hindering everybody else.
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ChesneyChrist: Investment helps other people too, gambling helps or hinders yourself and is a risky burden general, and a scam helps you whilst hindering everybody else.
Building your own home is an investment, taking out a buy-to-let mortgage is a gamble scam as are many "investments" in the west: Gambling with the risk reduced through a scam.
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ooby_dooby: When does a trade in the stock market become more like a gamble than an investment? How can you tell if the risk outweighs the potential for gain? Where do you draw the line and say "That's just too much like gambling" and step back from the table?
Are you looking at something ooby ? I see Tesla is looking for funds , Ponzi scheme if ever there was one . Bread and butter industries that have no disruptive new comers must be the safest .------ This thread is Archived ------
Lonely1: It is gambling when you invest more than you can afford to lose and when the odds of gaining is too high..it is investing when you put in what you are sure you will get back at a rate of return that is more achievable.
Very intelligent answer.
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bohemianjack: The key to investment strategy is diversification. I lost a large percentage of American mutual funds share price in the crash, but my blue chips recovered. My only gamble is buying a few tickets to the local VFW or Firefighters raffles..
Years ago, I went with my sisters husband one night as he made his rounds arresting people as a warrant officer. Not my cup of tea. Anyway he was an avid lottery player. He tried to get me to buy a lottery ticket and when I repeatedly refused he decided to buy a $2.00 ticket for me. As luck would have it, the ticket was a winner, to the tune of 4 bucks. I said oh great, I made 4 bucks. He said NOOO you have to buy 2 more tickets, that's the way you do it. That's not the way I do it I said. Well, not buying the tickets was like petting a cat the wrong way so I said oh the hell with it go ahead and spend my 4 bucks on 2 more tickets which he gleefully did.
They turned out to be duds. Ya happy now? I said.
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epirb: Are you looking at something ooby ? I see Tesla is looking for funds , Ponzi scheme if ever there was one . Bread and butter industries that have no disruptive new comers must be the safest .
My son Steven has his eye on Tesla. He was also a big fan of bitcoin, lost a chunk of money on that venture. I learned my lesson years ago about Tech stocks and steer clear of them because the pace of change in the Tech world is like the rabbit in a Greyhound race.
I got involved with a startup Co that made video phones. It looked like the Holy Grail. I went in whole hog and took a bath. I didn't realize that people want to see other people during a phone conversation but didn't want themselves to be seen, therefore, nobody was buying the phones. The Co went BK. and I lost everything.
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Created: Aug 2017
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