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To: expat_panama

I may get flamed here, but investing IS NOT, repeat IS NOT gambling.

History has shown that a long-term, buy and hold strategy of buying equity in proven companies is a nearly GUARANTEED way to accumulate wealth.

Day trading? That’s gambling.

Nobody wants to wait. They want it ALL, and they want it NOW.

Human nature, I suppose.


11 posted on 01/25/2015 10:47:35 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb
investing IS NOT, repeat IS NOT gambling.

--although that's a fondly held belief of those that like gambling and are clueless w/ investing.  Sometimes gamblers try their addiction in the financial markets and they may even call themselves 'day traders'.  They're not.  Gambling addict's bottom out and stop --one way or the other.  Real day traders who endure (and there are many) are those that know what they're doing and provide a needed service.

15 posted on 01/25/2015 10:58:47 AM PST by expat_panama
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To: abb

There is a very close association with poverty, crime and impulsivity.


39 posted on 01/26/2015 7:54:32 PM PST by 1010RD (First, Do No Harm)
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