difference between gambling and stock market

[e lansing]

I live on the same street with someone who lost all he had because of the stock market. 47 old man loss everything and is back home, it was also his place of employement. I am in no way deffending gambling, however, i think motives are the same when asking the question why? We all spend our money on excess. Over eating, having the best of everything, having more that one place to live, entertainment, all these could find a place in the sinful group but they do not. So why is gambling so different from these?

what say you?

[e lansing]

I live on the same street with someone who lost all he had because of the stock market. 47 old man loss everything and is back home, it was also his place of employement. I am in no way deffending gambling, however, i think motives are the same when asking the question why? We all spend our money on excess. Over eating, having the best of everything, having more that one place to live, entertainment, all these could find a place in the sinful group but they do not. So why is gambling so different from these?

what say you?

I think I can pretty much agree with you on this topic. Based on your motivations they could be the same.

I think they are different in that in the long run stocks can be a wise investment of your money, while gambling cannot, based on how nice and cool the casinos are!

[Openly Curious]

I live on the same street with someone who lost all he had because of the stock market. 47 old man loss everything and is back home, it was also his place of employement. I am in no way deffending gambling, however, i think motives are the same when asking the question why? We all spend our money on excess. Over eating, having the best of everything, having more that one place to live, entertainment, all these could find a place in the sinful group but they do not. So why is gambling so different from these?

what say you?

The difference between gambling and the stock market is that the stock market is like investing in various businesses which are not without risk of loss. Gambling is putting your money in a slot machine which is a chance to win or the risk of loosing your money

The bible is true when it tells us not to trust in uncertain riches. Gambling is an unwise investment that will give for the most part no return. For the Lord told us that we are to enjoy the fruits of our labour if we want to speed our money in large amounts that is not wrong. There is nothing wrong for having the best of everything if the Lord gives us the finances to do such the same is true if one chooses to have two places to live and so on.

We are taught in the word that we are to invest our talents (money) so that we will reap from our investment some 30 some 60 and some 100 fold. Investing our money in gambling with the hope of hitting it big is only going to reap zero fold for you.

Gambling is not in the bible as I think that putting a coin within a machine has no sin in doing so. But there are miry places we are to stay away from which I believe the gambling casino falls into this catagory.

[e lansing]

The difference between gambling and the stock market is that the stock market is like investing in various businesses which are not without risk of loss. Gambling is putting your money in a slot machine which is a chance to win or the risk of loosing your money

right! but what about the motive? I understand that investment is a smarter move, but both have the same motive, moe money! would we invest if we got nothing out of it? NO

There is nothing wrong for having the best of everything if the Lord gives us the finances to do such the same is true if one chooses to have two places to live and so on.

selfishness could be hiding behind our excess. Iam not saying that we should not enjoy the fruit of our labor, but when we by $500 purses, $1,000 suits, ect what is the message we are sending? I'm bless to the max because of Jesus? So then people should come to Jesus so they can be rich?

We are taught in the word that we are to invest our talents (money) so that we will reap from our investment some 30 some 60 and some 100 fold.

I thought that this passage referrs to multipling Jesus in our life and to others and through out the world?

Gambling is not in the bible as I think that putting a coin within a machine has no sin in doing so. But there are miry places we are to stay away from which I believe the gambling casino falls into this catagory.

i can agree with this

[mjrhealth]

There is no difference between the too, both require you to trust money and men and not God, both require you to invest your money into a corruptable system, both are , wheter you believe it or not, are controlled by men, just look at the stock markets today, they are being played by men who have a objective at hand, companies with thousands of dollars in assets are loosing millions of dollars of money they never had, its all a big smoke scrren, i still have not figured out how a million dollar coompany can be woth billoins. It just doesntt make sense.

[e lansing]

There is no difference between the too, both require you to trust money and men and not God, both require you to invest your money into a corruptable system, both are , wheter you believe it or not, are controlled by men, just look at the stock markets today, they are being played by men who have a objective at hand, companies with thousands of dollars in assets are loosing millions of dollars of money they never had, its all a big smoke scrren, i still have not figured out how a million dollar coompany can be woth billoins. It just doesntt make sense.

Aman! bra

[e lansing]

There is no difference between the too, both require you to trust money and men and not God, both require you to invest your money into a corruptable system, both are , wheter you believe it or not, are controlled by men, just look at the stock markets today, they are being played by men who have a objective at hand, companies with thousands of dollars in assets are loosing millions of dollars of money they never had, its all a big smoke scrren, i still have not figured out how a million dollar coompany can be woth billoins. It just doesntt make sense.

then I would take it you dont use a bank either, because that would be trusting man and not God.

[Isaiah 6:8]

I think, you said it the best. Motive.

IMO If someone gambles to win big, to try to get rich quick I believe that is sinful. However I say a person who plays a game of chance for fun, as long as its a very

small portion of there over all net worth, just like eating out or going to the movies, its not sinful.

With the stock market I think its similar but different. There are gamblers and there are investors.

Some people play stocks just like someone plays Vegas, and the sad truth is, depending on how you deal with the stock market you have much much better odds then

Vegas. On the other hand, wisely investing in the stock market is not a gamble at all but an investment. The stock market as a whole as averaged 12% growth over

the last 70 years. That is including the recession in the 70's and 80's. Wise investing will bring similar returns. From what I have heard an investment is

something you are dedicating at least 5 years to. It is not get rich quick.

Their are a few typical types of ways people use and or abuse the stock market. This is only the main ways but not all of them. We will start with the gamblers and

end with the investors.

GAMBLES

Day Traders

This is pure gambling for greed. Its get rich quick and its sinful as far as I am concerned. People do not do this for fun, they do it to try to win big.

What a day trader does is buy and sell stocks in a single day. They try to buy a stock at open, hope it goes up during that day, and then sell it. They lose their

shirts. 70-90% of day traders lose there money. I heard of one guy he lost 650,000 in 9 months. Of that he put 125,000 on credit cards and his wife left him. This

is gambling.

Futures

Really a Gamble. Some one picks a commodity, such as gold. They then predict what its stock price will be on a future date. If that prediction is correct you get a

big return on your investments, if not you lose everything.

Penny Stock/Single Stock Investors

Some people invest everything into one stock. This is also a gamble. I have one friend who did this. His mother died and left him her house, he sold it and the put

all the funds into one stock worth only about .50 Cents he bought about 250,000 shares. At first it went up. It went up to about $5/share that caused him to

become a millionaire almost overnight. His net worth was about 8 million dollars. He failed to pull his money out at that moment, and then his company went under.

The stock then dropped to less then .20 a share. He lost everything, was evicted, when he could not pay his debt they sold everything he owned at auction including

family pictures. Not a good idea.

Investments

Multiple Single Stock Purchases

This is not to bad. This is when you purchase stock in several company's and then hold on to them for 5 years or longer. This is not bad but not the best. First of

all it is a lot of work. You really need to be on top of your investments and watch them. You need to throughly investigate each company and know as much if not

everything to know about the company before you invest. Its also very difficult to have many different stocks. You need to have stock in many different company's

to balance out. If one stock goes down a bit you need one thats going up to compensate. Like one guy I know says about money. Money is like manure. Left in a pile

it will stink, but spread around it will grow stuff.The average invester that does this nets about a 6% return on investment over his lifetime.

Mutual Funds

These are the best investments for long term investing. They are basically many people joining together to buy stocks. They are run by mutual fund manager or a

team of managers. They buy and sell stocks within the fund. They have full time researchers called stock analysts who do all the down and dirty research in the

company's. Each stock analyst is a specialist in their field. Such as a restaurant one would have worked in the restaurant industry before, knows its ups and downs

insides and outs. They would go to all the trade show and follow trends. They tell the manager whats going on in the restaurant world and the manager or team of

managers then decides on what to buy and sell at a time. A mutual fund my have literally 1000's of stocks in one fund, therefore your money is really spread

around. Yes they go up and down but in the long term they go up. A good growth stock mutual fund with a good track record behind it on average over 10 years 100%

of them makes money. Some only a little bit, some a lot, some a whole lot. The person who invests in these usually nets about a 12% return on investment. These are used primarily in 401k's I.R.A.'s College funds and Roth IRA'S. They do go up and down, but like gas prices they usually never stay lower! The trick is patience and leave your investments alone.

Banks, CD's Savings Accounts

These are safe. You will not lose any money you put in but there is a different risk you do take which banks do not want you to know about. If you get a really, really good account you may get 2% return on your money. Taxes run 2% and inflation runs 4ish so you need at least 6% to break even. The banks take your money and invest it in the market, they make 12 and give you 2. Not to mention banks are not all that safe as we have seen as of late!

Now after saying all this, you do not want to even begin to invest until you have no debt save perhapse your house. Credit cards, car payments and college loans will cost you more then you can invest.

Well thats my usual long reply, Hope it helps.

Edited January 24, 2010 by Isaiah 6:8

[e lansing]

I think, you said it the best. Motive.

IMO If someone gambles to win big, to try to get rich quick I believe that is sinful. However I say a person who plays a game of chance for fun, as long as its a very

small portion of there over all net worth, just like eating out or going to the movies, its not sinful.

With the stock market I think its similar but different. There are gamblers and there are investors.

Some people play stocks just like someone plays Vegas, and the sad truth is, depending on how you deal with the stock market you have much much better odds then

Vegas. On the other hand, wisely investing in the stock market is not a gamble at all but an investment. The stock market as a whole as averaged 12% growth over

the last 70 years. That is including the recession in the 70's and 80's. Wise investing will bring similar returns. From what I have heard an investment is

something you are dedicating at least 5 years to. It is not get rich quick.

Their are a few typical types of ways people use and or abuse the stock market. This is only the main ways but not all of them. We will start with the gamblers and

end with the investors.

GAMBLES

Day Traders

This is pure gambling for greed. Its get rich quick and its sinful as far as I am concerned. People do not do this for fun, they do it to try to win big.

What a day trader does is buy and sell stocks in a single day. They try to buy a stock at open, hope it goes up during that day, and then sell it. They lose their

shirts. 70-90% of day traders lose there money. I heard of one guy he lost 650,000 in 9 months. Of that he put 125,000 on credit cards and his wife left him. This

is gambling.

Futures

Really a Gamble. Some one picks a commodity, such as gold. They then predict what its stock price will be on a future date. If that prediction is correct you get a

big return on your investments, if not you lose everything.

Penny Stock/Single Stock Investors

Some people invest everything into one stock. This is also a gamble. I have one friend who did this. His mother died and left him her house, he sold it and the put

all the funds into one stock worth only about .50 Cents he bought about 250,000 shares. At first it went up. It went up to about $5/share that caused him to

become a millionaire almost overnight. His net worth was about 8 million dollars. He failed to pull his money out at that moment, and then his company went under.

The stock then dropped to less then .20 a share. He lost everything, was evicted, when he could not pay his debt they sold everything he owned at auction including

family pictures. Not a good idea.

Investments

Multiple Single Stock Purchases

This is not to bad. This is when you purchase stock in several company's and then hold on to them for 5 years or longer. This is not bad but not the best. First of

all it is a lot of work. You really need to be on top of your investments and watch them. You need to throughly investigate each company and know as much if not

everything to know about the company before you invest. Its also very difficult to have many different stocks. You need to have stock in many different company's

to balance out. If one stock goes down a bit you need one thats going up to compensate. Like one guy I know says about money. Money is like manure. Left in a pile

it will stink, but spread around it will grow stuff.The average invester that does this nets about a 6% return on investment over his lifetime.

Mutual Funds

These are the best investments for long term investing. They are basically many people joining together to buy stocks. They are run by mutual fund manager or a

team of managers. They buy and sell stocks within the fund. They have full time researchers called stock analysts who do all the down and dirty research in the

company's. Each stock analyst is a specialist in their field. Such as a restaurant one would have worked in the restaurant industry before, knows its ups and downs

insides and outs. They would go to all the trade show and follow trends. They tell the manager whats going on in the restaurant world and the manager or team of

managers then decides on what to buy and sell at a time. A mutual fund my have literally 1000's of stocks in one fund, therefore your money is really spread

around. Yes they go up and down but in the long term they go up. A good growth stock mutual fund with a good track record behind it on average over 10 years 100%

of them makes money. Some only a little bit, some a lot, some a whole lot. The person who invests in these usually nets about a 12% return on investment. These are used primarily in 401k's I.R.A.'s College funds and Roth IRA'S. They do go up and down, but like gas prices they usually never stay lower! The trick is patience and leave your investments alone.

Banks, CD's Savings Accounts

These are safe. You will not lose any money you put in but there is a different risk you do take which banks do not want you to know about. If you get a really, really good account you may get 2% return on your money. Taxes run 2% and inflation runs 4ish so you need at least 6% to break even. The banks take your money and invest it in the market, they make 12 and give you 2. Not to mention banks are not all that safe as we have seen as of late!

Now after saying all this, you do not want to even begin to invest until you have no debt save perhapse your house. Credit cards, car payments and college loans will cost you more then you can invest.

Well thats my usual long reply, Hope it helps.

Wow! talk about spreading the manure! I think there is something growing, me!

[Isaiah 6:8]

LOL I hope that is a good thing!