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I keep telling folks that invest in the stock market that they're playing a game...their game. I find that gambling in stocks is more dangerous than playing th
by vecinu 14y ago
I keep telling folks that invest in the stock market that they're playing a game...their game.
I find that gambling in stocks is more dangerous than playing the lottery once a week.
Some will argue with me and tell me that 'if you work hard and study the market, you will know how to play stocks' but my question to them is why are they reading this post?
- tedunangst 14y agoThe expected return from a stock, even if you're a crappy stock picker, is greater than the expected return of a lottery ticket.
- slug 14y agoHow about all the stress that comes from dealing with the stock market on a periodic basis?
- tedunangst 14y agoIf you're investing according to general guidelines, like investing a fixed amount each month, keeping it in, not trying to time the market, and so forth, there's very little stress. The more your investing strategy resembles gambling, the more stressful it will be.