• zagaberoo@beehaw.org
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    6 months ago

    A highly diversified portfolio is the opposite of gambling. Don’t let the “traders” and crypto bros sour you on the power of conservative investing.

    • Che Banana@beehaw.org
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      6 months ago

      So what I’m saying is: the money you put into a 401k goes to an investment company, that investment company gambles in the stock market.

      Regardless of how you spin it, regardless of how safe you think it is, when you give money to someone to use in the stock market you are gambling.

        • Che Banana@beehaw.org
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          6 months ago

          https://www.theguardian.com/australia-news/article/2024/may/09/unisuper-google-cloud-issue-account-access

          lol…any time you give money to someone else to manage you are gambling.

          Making a assumption that your money will increase in value over x is (say it eith me) gambling…otherwise why would those guys in suits have disclaimers saying “you may lose money…not all accounts make money…etc…”

          I mean, by all means go ahead, if this makes you happy go right ahead. My point still stands.

          • zagaberoo@beehaw.org
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            6 months ago

            It’s not an assumption, I understand the risks. I know it will go both up and down. That doesn’t make it gambling. What on earth isn’t gambling in your eyes?

            • Che Banana@beehaw.org
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              6 months ago

              death and taxes. sure bet.

              understanding of risks doesn’t cut the mustard… I understand the house always wins. Understanding the odds in blackjack and understanding the odds in the stock market still makes you a gambler…an informed gambler, but nonetheless a gambler.