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In reply to the discussion: True or False - The Stock Market is a Scam [View all]Agnosticsherbet
(11,619 posts)9. If you know how to play, a good game of Poker isn't gambling...
it is an exercise in psychology.
Naw, poker is still gambling.
You research stocks, or hire somebody to do it for you, and you reduce your risk with your investment. But you still risk that investment. If I buy a piece of property I can always live on it, so it is worth something even if property vales plummet. Stocks hold no such guarantee. I learned that with the Stock Market plunge, a decade of retirement investments wiped away. I gambled and lost.
And there are pleanty of Bernie Madoffs out there to make it at least partly a scam.
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Neither will the Nader and the rand Paul/David Duke lovers ever admit what they did in 2000
graham4anything
Mar 2013
#22
One could just as easily say-no one would refuse to have one share stock go up to 100 shares
graham4anything
Mar 2013
#43
Because he is a prototype him that Jeb is going to exploit with Rand/Duke
graham4anything
Mar 2013
#36
One of the first things I learned about investing in stocks is that if you regard it as gambling...
slackmaster
Mar 2013
#5
Very nice description of how it works for people who pay attention, but one slight correction
1-Old-Man
Mar 2013
#15
It's a sponge for unconsumed capital. It's money chasing money instead of buying work
Bucky
Mar 2013
#10
I was going to say completely false, but there are some sleezy actors in the stock market as well.
denverbill
Mar 2013
#25
As it exists today, it is a scam. In its early days it was a useful organization that grew out
Egalitarian Thug
Mar 2013
#21
"Some will rob you with a six-gun, some with a fountain pen." Woody Guthrie
Tierra_y_Libertad
Mar 2013
#31
Scam? Maybe not. But an unequal and unfair market? At least at times, certainly.
HereSince1628
Mar 2013
#41