Gambling rather than investing

gambling
Malaysia
October 16, 2019 9:25am CST
To some people, investing is like to trying their luck, much like buying 4D lottery. If you have this attitude towards investing , you are actually gambling without knowing it or admitting to it.
4 people like this
5 responses
@AKRao24 (27424)
• India
16 Oct 19
I agree with you! You must know the pros and cons of the investments you are making, as investment is putting some money to procure something which will yield some returns in future, that returns may be little or more, but in no case our investment is always safe. In case of gambling our investment is never safe till the time we leave the table!
1 person likes this
• Malaysia
16 Oct 19
Absolutely, this is what i mention above. Never believe in luck. Learn and earn. @AKRao24
2 people like this
@AKRao24 (27424)
• India
16 Oct 19
@victorkrish , that is very true and I formly believe in it! No easy money for me! Though I am working for a Equine Stud Farm where we breed horses for racing , I never gamble on tyhe horses!
1 person likes this
• Malaysia
16 Oct 19
@AKRao24 You are really know worth of money. Not believe in luck merely. Thanks for comment.
2 people like this
• Mexico
16 Oct 19
I don't know anything about investments :(
1 person likes this
• Malaysia
17 Oct 19
I am beginner too @sam218
1 person likes this
• Mexico
17 Oct 19
@victorkrish learning is always good I think
1 person likes this
• Malaysia
17 Oct 19
@samysotelo18 you're right.
1 person likes this
@louievill (28851)
• Philippines
16 Oct 19
I think it depends on the type of investment, there are risky investments like trading in stocks and crypto currency but there are safer investments like buying physical gold and silver and just storing them in your vault or somewhere safe and wait for the price to go up.
1 person likes this
• Malaysia
16 Oct 19
Long term investment is safe and buying physical gold or silver is safe too. The reason why, the gold is long term investment, price will up and up year to year.
1 person likes this
@Hannihar (129482)
• Israel
28 Oct 19
@victorkrish I think it depends on how someone invests their money. There are conservative ways to invest that you are not risking your money. To me gambling is throwing your money away and if you fall into debt then maybe some bad people will be after you.
@nela13 (55700)
• Portugal
17 Oct 19
I am not into invest or gambling, I just put my money in a savings account.
1 person likes this
• Malaysia
17 Oct 19
saving money without gambling is already a good habit.
1 person likes this
@nela13 (55700)
• Portugal
17 Oct 19
@victorkrish I think so
1 person likes this