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.
>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.
>>
>> 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.
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