Quote:
Originally Posted by PaceAdvantage
It's all gambling. Some bets (investments) are sounder (ie. LESS RISKY) than others, but it's all gambling, because there are no guaranteed returns. There are close to guaranteed returns, like a savings account, but you see what those are paying these days. Hardly worth it.
PLENTY of people have lost EVERYTHING investing...there have been TONS of S&P pit traders (when that existed) who have lost it all. There have been TONS of day traders that have lost it all.
There have been people who "invested" in places like Enron who have lost it all...even pension funds and the like, who were supposedly "safe."
MONEY IS AT RISK in all of these situations...that's gambling.
If there were no risk, there would be no return.
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Yes and no. One can say that putting their money in anything but the mattress means they're gambling, but they could even lose the money in the mattress if they're robbed.
I guess we're "gambling" every day with our lives as we drive a car or board a plane or cross a street or eat a cheeseburger.
So we can take it all to the extreme, but we generally know what we're talking about when we talk about investing and gambling and the differences between the two.
