▲ 91 ▼ When does investing become gambling? (lemmy.world) submitted 2 years ago by ccunning@lemmy.world to c/nostupidquestions@lemmy.world 76 comments fedilink hide all child comments Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs? This comment got me wondering. Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery? Were the MIT Blackjack Team gambling or investing? Or Jerry and Marge Selbee? Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?
[–] bokherif@lemmy.world -1 points 2 years ago (2 children) With this approach every purchase is a gamble permalink fedilink source parent hideshow 4 child comments replies: [–] r00ty@kbin.life 5 points 2 years ago I'd go further than that and say that deciding to leave the house or not, are both gambles. But in the context of spending money with the only net result being you lose money, make money or retain the same money with no other goods or services provided in return. Then gambling is the primary attribute of that spend. Bookmakers and investments meet that criteria, your other purchases are not. permalink fedilink source parent [–] Akrenion@programming.dev 3 points 2 years ago Feels like it when my blueberries spoil on the way home as if the store used magic to keep them alive. permalink fedilink source parent
[–] r00ty@kbin.life 5 points 2 years ago I'd go further than that and say that deciding to leave the house or not, are both gambles. But in the context of spending money with the only net result being you lose money, make money or retain the same money with no other goods or services provided in return. Then gambling is the primary attribute of that spend. Bookmakers and investments meet that criteria, your other purchases are not. permalink fedilink source parent
[–] Akrenion@programming.dev 3 points 2 years ago Feels like it when my blueberries spoil on the way home as if the store used magic to keep them alive. permalink fedilink source parent