[jpomerenke]

Originally posted by Aletheides
Can anyone give a difference between Las Vegas and Wall Street?

Nuff said.

I hope that was a joke

[mtd1523]

Originally posted by Aletheides
Can anyone give a difference between Las Vegas and Wall Street?

Nuff said.

In all due respect, every book I have ever read said to watch out for people who think the stock market is risky.

On another note, I believe gambling is something you don't have have control over such as the slot machines, which are programmed for random payouts. I play Poker sparingly, where you have the option to stay in or not, so I do not consider it gambling. That is just the way I see it. In other words, I don't play anything except Poker, Carribean Stud, or Let It Ride. I do not play Slots, Blackjack, Craps, Roulette, and whatever is by random chance. Blackjack isn't random, I just hate the game.

To the stock market side, if you do your due diligence, stay disciplined, and have a strategy, the stock market is not gambling. Everyone loses money, and I can assume everyone makes a little money on stocks whether they are ahead overall or not. But if you learn about the system, the stock market can be a good way to let your money work for you.

[Aletheides]

Over the long term I think the stock market can have its benefits, anything else in my opinion is just gambling.

[mtd1523]

So do your research, and invest for the long run. That is what patience is all about. Nobody said you had to get in and out in a short amount of time.

[jpomerenke]

Originally posted by mtd1523
In all due respect, every book I have ever read said to watch out for people who think the stock market is risky.

On another note, I believe gambling is something you don't have have control over such as the slot machines, which are programmed for random payouts. I play Poker sparingly, where you have the option to stay in or not, so I do not consider it gambling. That is just the way I see it. In other words, I don't play anything except Poker, Carribean Stud, or Let It Ride. I do not play Slots, Blackjack, Craps, Roulette, and whatever is by random chance. Blackjack isn't random, I just hate the game.

To the stock market side, if you do your due diligence, stay disciplined, and have a strategy, the stock market is not gambling. Everyone loses money, and I can assume everyone makes a little money on stocks whether they are ahead overall or not. But if you learn about the system, the stock market can be a good way to let your money work for you.

The way you stated your post sounded like you thought investing was gambling. Thanks for clearning that up.....ya....investing inst gambling at all..... speculation is a bit of gambling with better odds.

[harrymcwealth]

Buying stocks is not gambling, though it CAN be a gamble if you don't do your research.
You don't write down ticker symbols on a dart board and throw a dart at it and then choose that stock as your investment.
You actually have to do research!
Gambling in Vegas is not the stock market.
You only gamble in stocks when you're ignorant (not saying anybody in particular )

[Bushwik]

I would be interested in hearing the differences between what different people consider "research" or "due dilligence".

I'll wait to give my opinion to hear other's opinions first.

[LucasK]

ANyone read the book "The Day Trader"? Not a lot of tips, but it gives you a hint at what kind of risks are taken by high-risk traders.

[mtd1523]

Originally posted by Bushwik
I would be interested in hearing the differences between what different people consider "research" or "due dilligence".

I'll wait to give my opinion to hear other's opinions first.

I was probably the one who used both words...but I'll give you my difference..

Due Diligence is when you take the advice from other people, but do your own work to figure out if it's true or not and if you want to believe in what they say. Rather than taking a hot tip, you do your due diligence, playing with the numbers, to come to your own conclusions.

Research is when you sift through the data finding key points that are useful to your investing strategy and putting it all together into one story.

I guess due diligence and research can be interchangeable if you take it up and down farther and farther, but those are just my key points. I may be wrong....