Is Investing in the Stock Market the Same as Gambling?
Is investing the same as gambling? Bill and Anastasia dive into a topic that has come up in separate conversations with millennials about cryptocurrency trading. They start by defining investing, gambling, and speculating, then launch into a discussion of casino gambling, sports betting, why people may conflate investing with gambling, and why the rise of Bitcoin seems to be affecting how millennials view the stock market. Anastasia discusses risk tolerance and the importance of beating inflation. Bill provides long-term perspective on speculative bubbles and his thoughts on the bull market we've been living in since 2009.\xa0
For more information:
-If you have not listened to Creating Wealth's two-parter on Cryptocurrency Explained or Risk Tolerance, these make good companion episodes to this one.
-Bill also highly recommends two books:\xa0 Reminiscences of a Stock Operator by Edwin Lefevre and Extraordinary Popular Delusions and Madness of Crowds by Charles Mackay.
For questions and comments, you can email us\xa0at\xa0askcreatingwealth@taberasset.com.