8 ms·
Lots of people are making money on stocks. But your overly broad claim that investing in the stock market is gambling is indefensible: when you invest in broad
by tanderson92 10y ago
Lots of people are making money on stocks. But your overly broad claim that investing in the stock market is gambling is indefensible: when you invest in broad total market funds you are essentially betting on entire economies, because you are assuring yourself a right to future income streams.
How is that gambling?
By choosing proper low-fee funds you can minimize the brokerage fees (and you can buy securities at net asset value) so that half of your critique of long-term profitability is untrue.
- chillydawg 10y agoIf you had read my original comment you'd see that I said most people should never directly trade individual stocks. I completely agree that putting money into low cost trackers for things like the FTSE250 or S&P500 is sensible. You're giving your money to a pro, who then keeps your bets balanced and trades cheaply.
- tanderson92 10y agoyes, apologies. I completely missed that.