How are stocks gambling? I just don't get it.?

Question

You are buying a company NOT betting it all on red 13. Buying a stock is no different than buying a small business, flipping a house, etc. It may work out or not. I'm just sick and tired of ignorant people putting down stocks especially women and their money market/ CD fetish ( then we wonder why most women can never afford to retire even ones that worked all their lives....5% isn't going to cut it especially after inflation and taxes). I mean what are the odds of WB, BAC, GE, JNJ, NYX and countless of other cash machines with solid business going down under? Hell I just don't get it why people think like that? What do you think?

Answer 1

I think you are putting all women in one category and you don't know what you are talking about. A lot of women buy stock and do quite well.


JOY

Answer 2

I share your frustrations. There are people who buy a mutual fund because it had a great past performance. Then when it drops they sell it at a loss and say "you'll lose money in stocks." Yes, if you're an imbecile. My favorite is "it can all disappear overnight." Yes, the entire economy of the world can collapse overnight. If everyone simultaneously becomes Amish. And if it does your savings account is gone too. Face it, most people NEVER get ahead. They don't know the simple truths. John Lennon said "Your average Beatle fan is ordinary and a bit thick." Apparently they still have a good strong fan base. It's hard to deal with the fact that most people are dullards. Someone once said "The masses are a$$es." Painfully true. The other poster was right. Keep it to yourself. Unless you are talking to someone who is on the same page. It's useless to try to educate people. Take advantage of the fact that you know something very valuable that most people don't.

Answer 3

You are betting on the fiscal integrity of the company and the people who work in it.

A long time ago, I bought 500 shares at 1$/share of an up and coming HMO company. Unfortunately, six months after my purchase the CFO of the company embezzled much of their funds and the stock collapsed. So ultimately buying stock is JUST like gambling. It can go up OR down.

Even well known stocks can go up and down quite a bit on the winds or idle rumor in the marketplace. Will the government approve their patent? Will they be subject to a massive lawsuit? Will they discover the next closest thing to sliced bread?

Answer 4

El Tonto,

Just ignore people who put down what you are doing and better still dont tell anyone what oyu are doing, it is non of their business really, now is it ? I have found that people whom dont have the courage to do what other people are doing which to them may seem out of the ordinary, usually find only negative things to say. This my friend is what is happening to you.

So does it matter what they think or say ? whos money is it anyway? Personally I think you should try this : SILENCE !