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re: Bought into a sinking ship stock

Posted on 11/2/23 at 3:22 pm to
Posted by sodcutterjones
Member since May 2018
1278 posts
Posted on 11/2/23 at 3:22 pm to
Somebody explain to me how investing does not equal gambling?
Posted by LSUSports247
Member since Apr 2007
769 posts
Posted on 11/2/23 at 3:27 pm to
I stupidly have more of these than I would admit…. Going to sell a few soon to offset some gains this year and probably for a few years.

I was up on most at some point, lesson learned
Posted by Auburn1968
NYC
Member since Mar 2019
21043 posts
Posted on 11/6/23 at 10:29 am to
quote:

Somebody explain to me how investing does not equal gambling?


Good professional gambles always know the odds.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
9883 posts
Posted on 11/10/23 at 11:03 pm to
quote:

Somebody explain to me how investing does not equal gambling?


The house always wins with gambling. Sometimes I think the deck is stacked against the small investor...but I think we can still come out ahead.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69995 posts
Posted on 11/11/23 at 7:30 am to
quote:

Somebody explain to me how investing does not equal gambling?




When you gamble, you're not actually buying or owning anything. · When you invest, you own assets with measurable value.


Both activities put money at risk. Investing gives you the ability to stack the odds in your favor, gambling doesn't.
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