ok...put it this way. By using the phrase "legalised casino" you
imply that the stock market is a form of gambling. I beg to differ.
When you invest in shares, you are giving a portion of your money
to the comapny. In exchange, you are entitled to a share of the
company's profits.
Its a win win situation. However, in the case of gambling, there is
no form of investment. What do you gain when you part your money at
the blackjack table?Do you get back a share of the casino's
profits? No. YOu only get entertainment and a small chance to
triple your money. thus when you gamble, you have actually put
yourself into a lose win situation as the casino will have a higher
odd of winning your money.
Investing requires you to do your homework. If you dont do your
homework, you have just put yourself at a higher risk of losing
your money. Gambling requires no homework. At the most, you just
need to learn how to play the game and lose your money.
Btw, not all funds make money. I have always advised my relatives
and my friend;s grandma NEVER to put their money with fund
managers. Fund managers always charge a service fees whether or not
the fund makes a profit.
So there is a very big difference between investing and gambling.
Please do not lump them together.