Deadly Sushi
The One, The Only, Sushi
...... gambling?
Is it that different from betting on horses? (and Sarah Jessica Parker)
Is it that different from betting on horses? (and Sarah Jessica Parker)
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Is buying stocks and Wall Street just.....
- Thread starter Deadly Sushi
- Start date
California
Charter Member
Short term, yes. Short term the market is random. It's easy to look brilliant in an up market then everybody quits talking about their results in a down market.
Accumulating retirement savings while you ride out several up and down cycles, no, not so much of a gamble. Your results should mirror the economy as a whole if you 1)invest rationally, ie across the broad market and not specialized and 2) don't cash out until you gradually spend your savings in retirement.
See this recent post.
Accumulating retirement savings while you ride out several up and down cycles, no, not so much of a gamble. Your results should mirror the economy as a whole if you 1)invest rationally, ie across the broad market and not specialized and 2) don't cash out until you gradually spend your savings in retirement.
See this recent post.
Gambling is based on fixed and known odds, which always favor the house.
The stock market/Wall Street is based on analysis and study, as well as a bit of gut, combined with market trends. There are always some unknowns and there are always some who are better or worse at their ability to do an analysis but it is not gambling.
Deadly Sushi
The One, The Only, Sushi
youre guessing that a companys stock will rise or fall, and then you bet money on that. I call that gambling, not investing.
I can see a guy at the track... Hey Jack, Im gonna invest $100 bucks on Timmys Tooth to win, or a boxed trifecta
Deadly Sushi
The One, The Only, Sushi
Im gonna stuff it in my..................
HEY!!!!!!!!!! Youre trying to trick me you Polish car fixer! 
BigAl
Gone But Not Forgotten
It can be if you do not know what your'e doing .You can invest many different ways into the market. Some is low risk and some can be high risk . The important thing is to do your homework and know the company that you are investing in . Research is the key to winning a good return over the long run . I don't invest in crap and I always know and research a stock before investing . I never buy on a whim .I do not waste my time "day trading" .Very risky if you are not on top of your game and watching the action closely. I would be called a long term investor who is always looking for solid "high yield" Dividend Stocks with a proven record. At 56 I am more interested in seeing a nice quarterly return than watching a stock bounce around. I seldom sale or trade my stocks once I acquire them .
If you held on to your solid rated stocks before the bottom hit in March 2009 and did not sell, You should be at the top on profits as the market roars into the 10,000 point range .
Here's a glace in "My crystal ball"
,I use for the stock market
Bank Of America (BAC @$18.60 today )will hit at least $20 a share before year end . Maybe even $22 . It will or should 2/1 split next year, near the end of the 2nd quarter ,as the price per share increases.
Don't say I did not tell ya !
If you held on to your solid rated stocks before the bottom hit in March 2009 and did not sell, You should be at the top on profits as the market roars into the 10,000 point range .
Here's a glace in "My crystal ball"
,I use for the stock marketBank Of America (BAC @$18.60 today )will hit at least $20 a share before year end . Maybe even $22 . It will or should 2/1 split next year, near the end of the 2nd quarter ,as the price per share increases.
Don't say I did not tell ya !
Hi Al. Good to see you back. 
I do think playing the stock market is a form of gambling. With study your odds are better but since there is no guarantee ...it is a gamble.
I went for the definition of gambling and found this:
I do think playing the stock market is a form of gambling. With study your odds are better but since there is no guarantee ...it is a gamble.
I went for the definition of gambling and found this:
gam·ble (gm
b
l)v. gam·bled, gam·bling, gam·bles
v.intr.1. a. To bet on an uncertain outcome, as of a contest.
b. To play a game of chance for stakes.
2. To take a risk in the hope of gaining an advantage or a benefit.
3. To engage in reckless or hazardous behavior: You are gambling with your health by continuing to smoke.
v.tr.1. To put up as a stake in gambling; wager.
2. To expose to hazard; risk: gambled their lives in a dangerous rescue mission.
n.1. A bet, wager, or other gambling venture.
2. An act or undertaking of uncertain outcome; a risk: I took a gamble that stock prices would rise.
I don't trust it at all. In fact I've been investing against the dollar and to a smaller extent against our market. I've invested mostly in gold, emerging markets and foreign currency. And I've done very nicely doing that!!!
SShepherd
New member
I herd that , especially with the talk about the loss of the "credit rating" of the dollar. Even the talk of it is hurting the dollar, and with the devalueing of the dollar the price of oil is going up.
Actually the administration is taking deliberate steps to devalue the dollar. The question is will they be able to reverse the slide when they need to?
I've been buying/selling gold betting against the dollar. Right now I'm waiting for a pullback in gold so I can buy back into it. The problem with the "recovery" that the administration is betting on is that it does not have jobs growth. Without jobs there are no tax revenues. Unemployment data suggests that we may have 9+% unemployment levels for the next YEAR OR TWO.
I've been buying/selling gold betting against the dollar. Right now I'm waiting for a pullback in gold so I can buy back into it. The problem with the "recovery" that the administration is betting on is that it does not have jobs growth. Without jobs there are no tax revenues. Unemployment data suggests that we may have 9+% unemployment levels for the next YEAR OR TWO.
I like silver. I thing there is more upside in silver than there is in gold. I don't have any today, I have had silver in the past. I think gold and silver both can come down a little bit.
I'm not a buy & hold guy on these things. I will trade them actively. But that is just me. Others have probably done better by buying little bits and accumulating lots of it over long periods of time. I had an employee who bought 4 ounces of silver every week. No matter the price, he bought 4 ounces. Took physical possession of it and kept it at home. He retired wealthy on a very modest income.
I'm not a buy & hold guy on these things. I will trade them actively. But that is just me. Others have probably done better by buying little bits and accumulating lots of it over long periods of time. I had an employee who bought 4 ounces of silver every week. No matter the price, he bought 4 ounces. Took physical possession of it and kept it at home. He retired wealthy on a very modest income.
Deadly Sushi
The One, The Only, Sushi
It can be if you do not know what your'e doing .You can invest many different ways into the market. Some is low risk and some can be high risk . The important thing is to do your homework and know the company that you are investing in . Research is the key to winning a good return over the long run . I don't invest in crap and I always know and research a stock before investing . I never buy on a whim .I do not waste my time "day trading" .Very risky if you are not on top of your game and watching the action closely. I would be called a long term investor who is always looking for solid "high yield" Dividend Stocks with a proven record. At 56 I am more interested in seeing a nice quarterly return than watching a stock bounce around. I seldom sale or trade my stocks once I acquire them .
If you held on to your solid rated stocks before the bottom hit in March 2009 and did not sell, You should be at the top on profits as the market roars into the 10,000 point range .
Here's a glace in "My crystal ball"
Bank Of America (BAC @$18.60 today )will hit at least $20 a share before year end . Maybe even $22 . It will or should 2/1 split next year, near the end of the 2nd quarter ,as the price per share increases.
Don't say I did not tell ya !
BIG AL!!!!!!!!!!!!!!!!!!!!!!!!
Great to see you man!!!!!!!!!!!!!!
(((((((((HUG))))))))) <------- non-gay hug
mtntopper
Back On Track
Here's a glace in "My crystal ball"
Bank Of America (BAC @$18.60 today )will hit at least $20 a share before year end . Maybe even $22 . It will or should 2/1 split next year, near the end of the 2nd quarter ,as the price per share increases.
Don't say I did not tell ya !
The banks have not seen the bottom of the recession yet as more and more people are unable to repay mortgage and credit card debt. I would approach large corporate bank stocks with a little skepticism. In some areas the smaller more solvent regional banks are doing very well, the ones that had stricter loan standards are in great shape...but the bigger corporate banks worry me as they are just too big for their own good....
http://news.yahoo.com/s/ap/20091016/ap_on_bi_ge/us_earns_bank_of_america
And as BAC, C, and other banks go down the tubes again, you should be in SKF now. For every dollar BAC goes down, SKF will go up three or more.
If you do get into something like an ultrashort product, you better get in at the low point. When it drops, it drops much faster than when it went up.
I'm in around 24 bucks average. Out at 200. I could loose a little, but I could easily multiply the investment by 8 times or more, and in a short period of time.
If you do get into something like an ultrashort product, you better get in at the low point. When it drops, it drops much faster than when it went up.
I'm in around 24 bucks average. Out at 200. I could loose a little, but I could easily multiply the investment by 8 times or more, and in a short period of time.
Mainer
Boggie likes our museum
youre guessing that a companys stock will rise or fall, and then you bet money on that. I call that gambling, not investing.
I can see a guy at the track... Hey Jack, Im gonna invest $100 bucks on Timmys Tooth to win, or a boxed trifecta
You should stay out of the market if this is remotely how (I know it's a bit tongue-in-cheek but still...) you think professionals manage portfolios and how the market operates ... and I don't mean traders I mean wealth managers and investment bankers...and I especially don't mean jack-ass day-traders or casual investors thinking they know a company or have some insider hunch.
To be fair there's randomness and also the jack-asses that add to the randomness. However, there's plenty of analytical work done behind proper investment and if you look at the top performers, they are just that...analytical quant jocks... not a bunch of betting bafoons.Now, back to the mill.
I'm in at 23.00 for SKF, in at 37.80 on SDS. Both positions are modest, I can afford to lose it all, but both are up nicely today.
I got stopped out of FXC yesterday, but only after making a tidy profit before it began its drop. Still have FXE and FXA in my holdings, doesn't look like I'll hit the stops on either of those today but if I do it will just protect the profits I've already gotten.
I'm waiting for VWO, SLV and GLD to drop a bit more before I re-enter those. Buy orders are issued but the limit price is below the current levels.