2 ms·

I was very careful with my words. I said: > The punter does not win on average with stocks due to fees and spread. Literally 100% of my investing is the stock

by shric 2y ago

I was very careful with my words. I said: > The punter does not win on average with stocks due to fees and spread. Literally 100% of my investing is the stock market. I have so much faith in the stock market that I rent because I don't want to waste the opportunity cost on equity in property. A punter is informal slang for a person who gambles. I buy and hold a diversified portfolio of index funds over decades. I am very much not a punter.

hermitcrab 2y ago
It seems there is more than one definition of 'punter'. I meant it as 'customer/client'. But other sources define it as 'a person who gambles, places a bet, or makes a risky investment'.
- shric 2y ago
  I'm only familiar with the latter definition. My mistake I guess.
  - hermitcrab 2y ago
    >My mistake I guess. Not really. There just seems to be more than one meaning, and we were each aware of different ones. The meaning might vary by country (I am in the UK).
    - shric 2y ago
      It was a mistake because I got downvoted by issuing a correct statement (if punter is interpreted as a gambler). I am from the UK but moved to Australia about 35 years ago
      - hermitcrab 2y ago
        >It was a mistake because I got downvoted by issuing a correct statement (if punter is interpreted as a gambler). I wouldn't lose any sleep over it. https://xkcd.com/386/ https://xkcd.com/386/ ;o)