Stock market is sophisticated gambling

Read the Story

Show Top Comments

Simple. Give up your need to convince others around you that what you’re doing with your money is the bees knees. I’ve learned it’s best to keep the fact that you invest from most people in your life. You know what you’re doing is the best route for you.. they don’t need to agree with that, or even understand it, in my opinion.


The difference is the odds. Long term in a broad index fund, making money is almost inevitable. Long term at a casino, losing money is almost inevitable.


I would not say to them that the S&P500 is the “least risky” investment possible. That’s patently untrue.


On average, people lose money at casinos. Lots of it. On average, people make money in the stock market. Lots of it.


They won’t get it until they wonder why you have a comfortable retirement compared to them.