Stupid Boy
Registered User
- Messages
- 43
Isn't dabbling in the stock market another form of gambling?
Only in the sense that all business risk is a form of gambling. Do you know how many people open up all types of shops every year and fold? On that basis you would say opening a retail outlet is gambling.
Hi All,
thanks for comments, when I posted I just had that feeling the former gambling habit would be mentioned in a negative way when associated with stock market investment...
Just a few points...
I will be saving 1,000 p/m into a regular savings account
I am prepared to write off the 6,000 over a ten year period ... I no longer gamble... I am happy to have shares to hold for a the long period of time as I feel the market is now in a strong buy position ...
Again this is 6,000 against 120,000 going on deposit, a very small percentage of any portfolio and in my opinion too small an amount to have allocated to equities in a portfolio... however I can reasses that position in ten years time when i'm in my mid thirties...
I just want to get the ball rolling...
I think I will follow advice below and buy stock by stock so as to minimise the outlay to brokers, therefore purchasing 1,200 euros of stock a time... so therefore investing once every two months... I'd like to avoid taking currency risk as well so I will more than likely stick to a irish based broker...
Your arguments there just don't hold water. In some cases, trading is less risky than other businesses because you dont have inventory, employees, arson and other risks etc
Trading is no different than any other business risk and investing is just trading with a longer term timeframe.
In relation to arson didn't 9/11 affect shares?. In some cases, trading is less risky than other businesses because you dont have inventory, employees, arson and other risks etc
.
Guys you really are missing the point here. All business activity carries the risk of losing money. The difference in risk levels between business models are the parameters. All pro traders have risk control parameters to protect their account even if something like 9/11 happens and the market crashes.
Bottom line- trading is no different than any other business in terms of risk as long as you set yourself up correctly, dont over leverage and have a good trading plan with an edge.
What "edge" are you talking about?
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