John Locke <johnlocke98513@xxxxxxxxxxx> writes:
> On Sun, 22 Jul 2007 18:51:24 +0200, Hadron
> <hadronquark@xxxxxxxxxxxxxx> wrote:
>
>>Good old idiot Roy. Talking about things he doesn't understand again. I
>>wonder why stock markets are so important to our economies.
>
> Irregardless of how important the stock market is to our economies,
> its still a gamble. If there's risk involved, you're gambling.
Crossing the road is a gamble. Eating fish is a gamble. But there are
steps you can take to reduce the risk involved.
> 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.
Hint : pension funds are generally upheld by investing in blue ship
stocks and shares.
>
> 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.
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