Abraham wrote:Call it what you will - it's stil gambling.
I'm not an anti-gambling kinda guy.
I'm invested in a number of things, and yep, I could lose my shirt.
Or, make good money. Not great money, my investments are conservative.
One thing though, bandwagon investing isn't for me...
IMHO, the term "gambling" is a bit loaded. If you use it to mean something where you could lose financial wealth, then the only people who aren't "gambling" are those with no financial wealth, whatsoever. In that context, "gambling" would include holding wealth in gold, silver, commodities, guns, bullets, and even US Dollars stuffed in a secure vault. Using the term so broadly takes away all relevance, and distinction between "gambling" and "investing". As long as we all understand what we are saying, that is fine. But just like telling someone they are ignorant when they have not been educated on a subject, the term "gambling" can easily be misunderstood.
It's all about risk versus reward. When you are investing, gambling, speculating, etc., you can choose to accept a lower potential reward for a lower risk level, or a higher potential reward with a higher risk level.