Gambling Vs Investing

Gambling Vs Investing 3,6/5 2265 votes

Can you explain the difference between gambling and investing? Thanks in advance.

Thank you for your e-mail and question about the differences between gambling and investing. There are a number of Christian authors who have addressed this issue (Norm Geisler, Tony Evans, Gary North, etc.).

Briefly let me say that there are some similarities, and there are people who get addicted to high risk investing just like gambling. So I would acknowledge there are some similarities between the two.

Trading Vs Investing Vs Gambling. A lot of people confuse trading with gambling and stay away from it assuming it will just lead them losing money at the end of the day. Few others don’t really understand the difference between trading vs investing and with this confusion, they actually end up losing a lot of money.

  1. Investing vs Gambling: Are You An Investor, Trader or Gambler? In order to understand the difference between a true investing strategy and simple gambling, let’s take a quick look at some of the different players (or types of wayward “investors”).
  2. This video is straight facts! The more you keep internally, the happier you will be because more happiness standards are in your control. Don't worry about t.
  3. At the heart of it, gambling is based upon chance. And all must lose for one to gain. But investing is based upon knowledge and all have the opportunity to win. Both involve risk, but only investing allows equal opportunity for all to benefit.

Gambling Vs Investing Vs

But the key issue is that there are some striking differences. Investors research an investment with the goal of lowering the risks and making a wise investment. Gambling is all about risk and the odds cannot be lowered by further research (except for those who can modify the odds of blackjack by card counting or something like that).

The goal of investing is to build up a company and portfolio. Even if it’s done selfishly, it still can have a positive effect on the company and the economy. Gambling takes money out of the capital economy. It doesn’t contribute to job creation, etc. As I argue in my transcript on gambling, gambling actually hurts a local economy and increases social costs (abuse, neglect, bankruptcy).

Most investing is done with discretionary income and with certain limits (amount of stock that can be bought on margin, debt load allowed by a lender, etc.). Most gambling is not done with discretionary income. Money that should go for food, rent, clothing is often risked in a “get-rich-quick” scheme.

So while I would acknowledge that investing and gambling have some similarities, the differences make the difference. If you are interested, I would encourage you to read some additional material by some of the authors I mentioned.

Gambling Vs Investing Stocks

Thanks for writing.

Kerby Anderson
Probe Ministries

Gambling Vs Investing

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