Quote from: "JOE"
The stock market is essentially gambling in a legalized form
It takes your money with the hope or expectation that your money will grow.
Then the stock broker rakes in ur money like the croupier.
The money eventually finds its way to the stock exchange which is essentially like a casino.
Just like a casino they let you win in the early stages of investing.
And then when the price rises high enough, they call the bets and at some point the price plunges aka a correction occurs. The stock exchange takes your hard earned money off the table which 'magically' disappears from your investment account yet somehow finds its way into the pockets of someone else.
In either scenario it's like knowing when to hold em and knowing when to fold em
Its all about the odds
No, it's not and I can tell you don't have a pension invested in solid companies..
Besides my pension, I also buy mutual funds..
If I invest conservatively, over a ten year period my investment will not go down..
The managers don't invest in penny stocks or quasi legit companies on the VSE..
Besides real companies, they invest in government bonds,..
These securities are backed by the federal government and among all fixed income securities....ranging from corporate to municipal bonds....carry the least amount of risk for default..
Superchecker knows this because he has a defined benefit pension plan and retirement investments.