by MyEyeSees
Question by Interior Despisor: Why don’t those who like gambling at the casinos learn about investing in the stock market instead?
Why don’t those who like gambling at the casinos learn about investing in the stock market instead?
That can happen in the Stock market too.
Best answer:
Answer by Whatever Whatever
Why don’t they just get a revolver, load a single bullet, and play Russian Roulette with five of their buddies?
Gambling at a Casino is different than the Stock Market. The Stock Market takes time, where as Casinos you can lose your money in a matter of hours.
Know better? Leave your own answer in the comments!
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Tags: About, Casinos, don't, Gambling, instead, investing., Learn, like, Market, Stock, those
Now that is a good idea.I think the thing with gambling in casinos is the instant thrill.But i would much rather invest in the stock market as surely there is a thrill looking in the financial pages every day.Also there is a much bigger chance to make some money in the stock market.
INTELLIGENT investing is not gambling.
I have done research on this. Studies can be found under behavioral psychology/ addiction theory.
By definition, a gambler is one who ultimately seeks the thrill of winning; a trader/ investor seek to achieve a financial gain. A trader/ investor does not invest for the “fun” of it, or the “thrill.” It can be fun and thrilling, but that is not the trader’s/ investor’s outcome. They would rather remove the emotion and just make money, earn a living, or invest for college for kids, or earn more money for retirement.
“Pathological Gambling say that they are seeking an aroused, euphoric state that the gambling gives them which appears more exhilarating than the money. Increasingly larger bets, or greater risks, may be needed to continue to produce the desired level of excitement.”
http://www.psychnet-uk.com/dsm_iv/pathological_gambling.htm
Now, a lot of people are mislead thinking that the gambler wants to make money. This is where studies show this is not the case. They are actually seeking the thrill of the event, the outcome does not matter.
A gambler will keep on gambling seeking that brief “thrill” and eventually, the poor odds will wipe the gambler out. Most gamblers are poor, broke and will have psychological addiction issues.
Taking calculated risks is not gambling. Throwing dice on a table is gambling.
More than half of the country has money in 401(k)s, 403(b)s, 457 plans, IRAs, Roth IRAs, SEP IRAs, and other retirement plans. I don’t think that 1/2 the country would consider this or themselves as “gambling” or as “gamblers.”
Properly managed, the historical data suggests that the stock market has been shown to be a leading area for investments and capital growth, and this model has been replicated all over the world for over 200 years.
Read Further:
Impulse Control Disorders: “Pathological Gambling”
— David B. Adams, Ph.D., F.A.A.C.P., Board Certified in Clinical Psychology
http://www.psychological.com/impulse_control_disorders.html
Academic Supported Research:
“An Empirical Examinination of Jacobs’ General Theory of Addictions: Do Adolescent Gamblers Fit the Theory? ”
http://www.springerlink.com/content/q17205k27539v080/
“A general theory of addictions: A new theoretical model”
http://www.springerlink.com/content/m66261770873mg23/
Other Publication
“Illness theory gaining ground for gambling addiction” (11-23-2009)
http://www.lasvegassun.com/news/2009/nov/23/illness-theory-gaining-ground/
Book:
The Gambler (Russian novel published in 1867)
http://en.wikipedia.org/wiki/The_Gambler_%28novella%29
Note: Despite the thumbs dn spammer, the above answer has cited research to support the answer. Contrary answers should show studies to debate the answer.
investing = too much homework.
casino = free beer