There are no guarantees in the stock market. Yes, you can have quality information, but without inside help, you still can't expect to "win." Most games of chance (gambling) are just luck. But what about poker and blackjack, games where intuition and strategy can be used just as effectively as one might use in the stock market. So could/should people consider playing the stock market as a form of gambling? Religious scriptures or authority? Does it just depend on how strict or conservative your religious beliefs are?
2007-02-08 15:53:26 · 11 answers · asked by zzzzzzzzz27 3 in Society & Culture ➔ Religion & Spirituality
Ultimately it is a form of gambling in the sense that there is a risk involved. However, the economy is much more predictable, reliable, stable, and consistent, than simply throwing your dice at a craps table or playing the slots. Besides, most people gamble to make more money so they can feed their need to gamble more. Those who invest in stocks, bonds, etc. typically do it to save for retirement or to live off of.
Gambling in the literal sense is not being a good steward of the money that God has given you from the fruits of your labor. Investing the money He has provided you with is a wise choice.
2007-02-08 15:56:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is investing. You perform the necessary due diligence on a stock and reap the profit or loss as a result of that research.
Gambling winning is 90% luck. The odds are never in your favor.
Investing "winning" is 90%+ due diligence. The odds are always in your favor when you have accomplished the proper research. You won't always pick a winner (did i just say that), but you will be in control. I suppose if you wanted to nit-pick, you could call it gambling as we can't predict with 100% certainty, but we can come close. If that was the case then any type of investment even savings and T-bonds, would be gambling.
*edit** Read the Parables of the Talents. Matthew 25:14 - 30.
Invest wisely and use what you have been given to help others. Peace.
2007-02-08 16:12:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Stock market trading is a form of gambling for those who do not follow the basic rules. Each and every game has its own base rules. Use your skills, analytics and brilliance in the field which you want. It might me stock trading, education or what ever it is. Religious principles are there to inculcate discipline, self awareness (like knowing your strengths, weaknesses, knowledge etc) by following certain basic thumb rules or ways of living. In hindu mythology you have stories like a theif turned into religious aspects becoming a saint. So it depends on the way how you tune up your mindset. You will gamble once you are addicted to it but you will know & play if you know the basic rules and professional.
2007-02-08 16:08:05 · answer #3 · answered by GURU 3 · 0⤊ 0⤋
Good question!
My opinion is...that in the case of buying stock...you actually OWN something (a small part of the company)...whereas in gambling you do not.
Also -If you have excess money to buy stocks, then it seems to me also that you are supposed to be a wise steward over all your resources (including your money) and put it where it would be the most wise place to put it.
One final word about gambling though...The desire to get something for nothing is pernicious.
2007-02-08 16:45:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I would think it'd depend on how you 'play' the market. I do not see 'pumping' the system as gambling. You are simply puting money in when they need it, and taking it back with a gratuity when they're done with it. Sort of an anonymous loan.
2007-02-08 16:04:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
THAT'S OKAY !
Gambling is not a sin, no where in the bible does it say not to gamble.
It just says something about paying your depts.
2007-02-08 15:58:50 · answer #6 · answered by lilith 7 · 0⤊ 0⤋
That's a tough queston...
Especially when we consider Christ's example of the 3 servants who were given money (talents) and told to go trade them and make profit.
I guess it would depend on whether or not the profits were to be used selfishly or to advance the kingdom of God.
2007-02-08 15:58:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Speculation without research is gambling. Researched investment is no different than investing in any business.
2007-02-08 15:56:22 · answer #8 · answered by neil s 7 · 2⤊ 0⤋
yes it is gambling when you are in it thinking that you want to make money rather than investment
2007-02-08 16:08:52 · answer #9 · answered by Truth is Divine 2 · 0⤊ 0⤋
No. BTW, the Bible NOWHERE condemns gambling as a sin.
.
2007-02-08 15:59:48 · answer #10 · answered by Weird Darryl 6 · 0⤊ 0⤋