Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Even people I know who like financial matters simply don't trust the stock market. I try to talk about some stocks and I get "it's gambling" or "just another spin on the roulette wheel."
They are ignorant.
Gambling occurs inside a casino where you have a negative expectation.
Investing is owning a slice of that casino.
****
Investing is about owning a slice of an entity with a proven business model, established supply chain, channels of distribution, a customer base, etc. etc. etc.
Anytime I see someone using the words “ playing the stock market. “ or investing is gambling , you know immediately they are ill informed ,likely doing very poorly having their money work for them while they work for their money and are just believing their own bull
Gambling occurs inside a casino where you have a negative expectation.
Investing is owning a slice of that casino.
****
Investing is about owning a slice of an entity with a proven business model, established supply chain, channels of distribution, a customer base, etc. etc. etc.
It has nothing to do with gambling.
There are numerous ways of investing in the stock market. Some of those ways are very close to gambling while others are pretty different.
It depends on how an individual is approaching the stock market.
Gambling occurs inside a casino where you have a negative expectation.
Investing is owning a slice of that casino.
****
Investing is about owning a slice of an entity with a proven business model, established supply chain, channels of distribution, a customer base, etc. etc. etc.
It has nothing to do with gambling.
I have even offered to backstop a trade/investment 100% if it failed just to get them to take interest in a company or stocks in general. Not for a ton of money or anything - a small amount - but they turn the offer down even though it is risk-free for them.
I don't have an exact quote, but I read in The Snowball: Warren Buffett and the Business of Life where Buffett essentially says that you can run into a room screaming that everyone should buy a particular stock because it is a good company that is on sale, yet no one will do it; they simply can't be convinced to invest.
Well, just yesterday I was in Five Guys eating a burger and the 4 Five Guy employees next to me were discussing their Robinhood accounts... Seems like the OP is out of touch with the current levels of optimism and new investors.
Investing $1200 can really make a difference?
Let's say it becomes $4800 in a year, so what? That can't even cover 3 months rent for my apartment.
I'd rather buy some nice furniture which I can live with for years.
(Just hypothetically. I didn't receive the check.)
Investment only makes sense if you can do that regularly for a long term, or if you can invest a lot at one time.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
