Iāve had this conversation with others, my opinion is alway gambling and investing are not the same and if you canāt differentiate then you should not be investing.
You forgot the startup element, which is the key part. That makes it look less like investment and more like gambling.
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Rat_au_van
(JFK jr, but donāt tell anyone š¤«)
#9
Any company can fail, start ups are more likely but thereās no such thing as a guaranteed investment. As pensions rely on investment in the stock market should the gambling block prevent that as well?
Thatās the question. How much does investing in a startup resemble investing in an index tracked fund, and how much does it resemble rolling a dice?..
There is clearly a correlation between investing in a start up and gambling.
If there wasnāt, there wouldnāt be so much discussion/research about it (just google if you want to see).
But fundamentally, an informed decision to invest, is obviously different from a spin of the roulette table.
Although Iām sure those professional gamblers who bet on sports (after many hours of statistical research and knowledge), will argue that they are making an informed decisions as well.
Rat_au_van
(JFK jr, but donāt tell anyone š¤«)
#13
You donāt roll a dice and wait 5 years to see what it landed on
Youāre using the narrow definition of casino gambling there. People bet on, say, sports games where itās very close to a sum of 1 (probabilistically), which isnāt heavily biased.
Well Iām a gambling addict, and to be putting money, risk or not into a place I canāt touch for X years is a big achievement, personally at least. A year ago, id of thought oh if I bet it on this first, double my money I can buy more āsharesā. Just my opinion though!
I think the biggest question should be do people realise buying shares is a gamble ( in my opinion ) - from some of the Qs Ive answered on the forum it does seem to show a certain amount of naivety in relation to firstly, borrowing money to buy shares and then the exit strategy from the overdraft should they be inclined to use it, some even donāt realise they cannot cash in a week later seemingly
To me personally it does not seem a good choice to borrow to /gamble / invest
Investment itself done properly after knowing the pros and cons is not gambling but most investments where we know thereās even a slightest of a chance to lose money can be called a gamble.
Does it even makes sense what I just wrote