Investing Vs Gambling
What do you think of when you hear the word gambling? If you’re like me, it’s probably something along the lines of somebody in a casino hopefully hitting it big (or slumped over looking devastated).
There are a lot of different types of gambling though – outside of the casino. Think ‘playing around in the stock market,’ ‘I trade but I don’t really know what I”m doing.’ We hear these things all the time – rookie ‘investors’ that follow advice of ‘professionals’ blindly and throw their money into the stock market, of where ever. The stakes of this type of gambling are much, much higher. Let me point out that I am only referring to people that don’t have training or formal knowledge about the stock market. There are a lot of educated investors out there that are truly investing, and profiting – not gambling.
