LadyLongLegs12 t1_j296kac wrote on December 30, 2022 at 3:40 PM

Reply to comment by RedSpikeyThing in When did gambling on the stock market become people's financial planning? by f00dl3

Investing anything of monetary value with no assurance that you will gain anything is gambling.

You are investing in hopes you cash out big time, but since it can go both ways and you are never 100% guaranteed. It's gambling ^^

JIM_BOBBYBOY t1_j296xlq wrote on December 30, 2022 at 3:43 PM

Exactly. Unless you have some insider information, you won’t actually know what’s gonna happen.

RedSpikeyThing t1_j2990o4 wrote on December 30, 2022 at 3:57 PM

Investing in a globally diversified ETFs is hardly gambling. I agree that there are no guarantees so, by your very broad definition, I suppose it is "gambling".

That said, I'd you don't see the difference between investing in the broad global economy and the shit that WSB does then you need some help.

LadyLongLegs12 t1_j29s5cu wrote on December 30, 2022 at 6:00 PM

Yeah, me, a person who would never take such huge risks needs help. Not you guys in this sub losing thousands a day. Thanks for your input. I defined gambling as is. Betting money on an uncertain outcome. If you disagree with that, idk cope?

RedSpikeyThing t1_j29xsjd wrote on December 30, 2022 at 6:35 PM

>Not you guys in this sub losing thousands a day

Note that I specifically said globally diversified ETFs, which is definitively not what this sub does.

But yeah, if that sounds too dangerous to you then you should probably do some learnin' because money in your mattress comes with its own set of risks.