John Locke <johnlocke98513@xxxxxxxxxxx> writes:
> On Sun, 22 Jul 2007 20:13:50 +0200, Hadron
> <hadronquark@xxxxxxxxxxxxxx> wrote:
>
>>John Locke <johnlocke98513@xxxxxxxxxxx> writes:
>>
>>> On Sun, 22 Jul 2007 18:51:24 +0200, Hadron
>>> <hadronquark@xxxxxxxxxxxxxx> wrote:
>>
>>Crossing the road is a gamble. Eating fish is a gamble. But there are
>>steps you can take to reduce the risk involved.
> Yes. Get out of equity stocks and buy bonds or gold.
>>
>>> Equity investments, especially the penny stocks, are very similar to a
>>> crap table. You put your money on a stock and wait for the results.
>>> Sometimes you win. Sometimes you lose. The crap table has one
>>> major advantage...you can make odds bets and thus reduce the house
>>> edge. No such luxury with the stock market.
>>>
>>> I would say that Roy is correct. The stock market is just a big
>>> casino in disguise.
>>
>>Roy is not correct whatsoever. And I am astonished you support him in
>>this rubbish.
>>
>>It can be LIKE a casino if you're a complete idiot and invest in high
>>risk stocks with little or no prior history or product road map. It's
>>like dumping your life savings on 00 before a spin of the wheel.
>>
> Exactly. A lot of people make bad investments. In a casino you can
> pick games with good odds or with bad odds. Same Deal.
No. It is not the "same deal" at all. Companies which perform strongly
are worth more money thus improving the share price and hopefully the
dividend. Companies which don't lose stock value. Are you suggesting
that the ones that perform well only do so because they had more chips
on the casino table? Did their planning or their products or their staff
or their R&D or their marketing have nothing to do with their success.
>
>>Hint : pension funds are generally upheld by investing in blue ship
>>stocks and shares.
> I've seen a lot of people lose their shirts in pension funds through
> fraud and bad investment policies.
So? What has that got to do with anything. Will you equate getting
mugged with casinos too now?
>>>
>>> Online gambling in the U.S. is now a felony. But you're free to pour
>>> your hard earned money down an equity rat hole if you want.
>>
>>Oh. So it's not like a casino then. Make up your mind.
> It is like a casino. One big difference. In the stock market many
> people are risking their life savings. In the casino most people only
> risk what they can afford to lose.
I've heard some rubbish before, but this really takes the cake. Are you
being serious here?
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