Had a little luck today!

[JOE]

Popped into the casino for 30 minutes, turned $120 into $280!



Not bad!

I don't like gambling, but that win couldn't have happened to a nicer man.

 ac_smile

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

[Anonymous]

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.

[Superchecker]

I'm not criticizing your choices in life.  Just understand that we have been posting together on these forums for a very long time...  Like over 10 years now or so.



I have never once seen you post about losses, EVER (until now)!  I have known other heavy gamblers that do the same!



It's like everything else...  If you have the cash to play, like doing what you're doing, and it doesn't affect other aspects of your life, I say GO HARD AND HEAVY!  



  We need more of that PASSION!

Not to mention, us winning a $30,000 Toyota and a $20,000 Chevy.

[Frood]

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.

I wouldn't be expecting much if any pensions or stock investments to be there when we retire. Governments suck at guaranteeing, managing economics, and not stealing themselves during hard times.



Hard assets are the way to go.

[Anonymous]

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.

You school that bullshitter. Joe has never been laid or invested money for his own future.

[Bricktop]

I have to say that in my estimation, the Great Ponzi Scheme that is the western economy is fraught with potential disaster.



We came close in 08.



I'm with Freud. Hard assets offer more security. We have both, hedging our bets.

[Frood]

Hard assets, pay off any debt, live within one's means, diversify, and don't leave your savings or items in a typical bank with weak governmental guarantees or legislation permitting the cracking open of safe deposit boxes.



Bank of America has lost a number of customers' items lately, Greek and Japanese banks have been known to skim off balances in bailouts or negative interest rates. Also daily withdrawal limits.

[Anonymous]

I have to say that in my estimation, the Great Ponzi Scheme that is the western economy is fraught with potential disaster.



We came close in 08.



I'm with Freud. Hard assets offer more security. We have both, hedging our bets.

Investing in real companies has actually gone up more reliably than real estate since world war 2.

[Chuck Bronson]

Canadian banks are very secure, as they have forced insurance for any losses...  Meaning that if you had $500,000 in a savings account, it would be safe and you'd get your money no matter what.



Stocks are always a risk that one takes.  They obviously can go up and down.



Real estate can be a gamble.  My Grandfather and biological Father almost went broke when their home building company went bust due to a massive increase in mortgage rates...  Buyers weren't buying, and they were left with four properties (some already built) that were now their problem.  Of course, if they had held out, they would've been rich today, but they couldn't.



Then again, nobody back then could predict how the Vancouver real estate market would eventually boom.



Gold and Silver...  Meh.  Buy it if it makes you feel secure...  Just factor in for potential theft.

[Anonymous]

I have to say that in my estimation, the Great Ponzi Scheme that is the western economy is fraught with potential disaster.



We came close in 08.



I'm with Freud. Hard assets offer more security. We have both, hedging our bets.

Investing in real companies has actually gone up more reliably than real estate since world war 2.

I am not a super knowledgeable investor, but I have stocks I have had for over twenty years. All big companies and they are worth a lot more today than than they were when I first invested.