Current Events > Is owning stocks just socially acceptable gambling?

(+) Yeah! (+)

Well?

---

If you lose money from it I wouldnt call it socially acceptable

---

Day Trading yes, but typical holding for investment no.

You can approach it as gambling if you choose, but theres generally enough information available to the public that informed and reliable decisions on long-term viability can be made.


---

yes, it's gambling

---

Gambling is socially acceptable gambling.

---

Depends what you buy. If you buy solid businesses at a good price, then it's an investment. What you see in the CE stocks topic is all gambling.

---

Investment is never without some risk, but basic ownership itself if not really gambling. Remember, there was a time people were motivated by having stake in a corporation and getting dividend. That reminds me, for all the hoopla, I haven't heard how much GME has been bought. Do reddit invesors now have major ownership of gamestop? Any voting shares in there. We could kill 2 birds with one stone here: kill some hedge funds and start fixing up a business we've long seen degrade.

---

averagejoel posted...

yes, it's gambling

---

It can be if you treat it that way.

But the concept of making an investment hoping for a return isn't really gambling. That's just business really.

---

lightwarrior78 posted...

Investment is never without some risk, but basic ownership itself if not really gambling. Remember, there was a time people were motivated by having stake in a corporation and getting dividend. That reminds me, for all the hoopla, I haven't heard how much GME has been bought. Do reddit invesors now have major ownership of gamestop? Any voting shares in there. We could kill 2 birds with one stone here: kill some hedge funds and start fixing up a business we've long seen degrade.

How do you see GME being fixed with gaming going digital?

---

SaltyWet posted...

Well?

Well?

Well, to be honest, Gambling has been made to be socially acceptable.

So your question is kind of moot.
---

Squall28 posted...

How do you see GME being fixed with gaming going digital?

To be fair their Microsoft deal was pretty smart. Would have been a smart time to invest when they made that announcement! Ah well.

---

i don't understand how people like tc think owning stocks works

---

Squall28 posted...

How do you see GME being fixed with gaming going digital?

There's always going to be a demand for physical games. Along with people willing to drive to places like gamestop to purchase them. Same as how people go to best buy for electronics, home depot for home appliances or Ikea for furniture.

Find a niche, do it better then everyone else and establish your foot hold there. Maybe gsmestop can achieve this or maybe not. But regardless the former isn't impossible at the least.

---

Squall28 posted...

How do you see GME being fixed with gaming going digital?

Don't have firm ideas myself, but I'm sure others do and they haven't yet fullying realized owning shares is owning part of the ownership of the company (hence the term shares). It's just a possible ramification of all this that is worth considering especially if people want motivation to hold the shares. And I'd kill to see the headline "gamers gain controlling interest in game retailer that had been screwing them over for years."

---

Pretty much. But also gambling is socially accepted in America. There's casino's all over the place as well as lottery is really popular in America

There is always risk, and if you just own stock in one or two companies, I could see similarities being drawn. However if your portfolio of assets is properly diversified and you have done your best efforts to reduce non-systemic risk, then to just say yes it's gambling is disingenuous at best.

---

Prismsblade posted...

There's always going to be a demand for physical games. Along with people willing to drive to places like gamestop to purchase them. Same as how people go to best buy for electronics, home depot for home appliances or Ikea for furniture.

Find a niche, do it better then everyone else and establish your foot hold there. Maybe gsmestop can achieve this or maybe not. But regardless the former isn't impossible at the least.

Is there going to be demand though? We don't have digital appliances or furniture so those stores have to stay. Only thing they would have left is selling consoles and accessories.

---

Squall28 posted...

Is there going to be demand though? We don't have digital appliances or furniture so those stores have to stay. Only thing they would have left is selling consoles and accessories.

Comic book stores have somehow defied nature and God and stayed alive into the 21st Century, where people still pay 4 dollars for 16 pages of content that doesnt even tell a complete story.

If they can make it, Im sure physical game stores will exist in some form for quite some time.

---

Yeah because rich people do it. Theres lots of memes about this. Something thats classy when rich people do it but trashy when poor ppl do it etc etc

---

FantasticAssGas posted...

Day Trading yes, but typical holding for investment no.

---

Literally everything in life is a gamble.

Almost all college degrees/trade training and their paths to completion are high risk low reward very speculative investments these days.

But youre kinda forced to take that education gamble, much like youre forced to invest if you ever want to have any sort of wealth accumulation.

Best of luck.

---

Is gambling not socially acceptable?
---

AlisLandale posted...

Comic book stores have somehow defied nature and God and stayed alive into the 21st Century, where people still pay 4 dollars for 16 pages of content that doesnt even tell a complete story.

If they can make it, Im sure physical game stores will exist in some form for quite some time.

What's the largest successful comic book store chain?

---

Stocks, no. Options, yes to an extent.

---

Darmik posted...

What's the largest successful comic book store chain?

i have no idea.

in Delaware theres Captain Blue Hen in Newark, Comicsmania in Bear, and some other one way up past Wilmington next to Newport or Claymont or thereabouts.

I remember seeing a few when I was in Maryland, and at least one when I was in NYC.

Its certainly not a thriving industry, but it exists. Against everything common sense should dictate, it still exists. >_>

though to be fair, these stores actually host regular events. Comicsmania doubles as an MtG outlet. And the one up north has reading groups and courts the hipster nerd crowd.

if physical game stores are going to survive they need to find a way to integrate themselves into the local community and culture. Of course, thats not a guarantee.

For a year or two there was this really good store off 40 right past the Maryland line called Icons, but he had to close shop.

---

AlisLandale posted...

i have no idea.

in Delaware theres Captain Blue Hen in Newark, Comicsmania in Bear, and some other one way up past Wilmington next to Newport or Claymont or thereabouts.

I remember seeing a few when I was in Maryland, and at least one when I was in NYC.

Its certainly not a thriving industry, but it exists. Against everything common sense should dictate, it still exists. >_>

Sure but tbh I think that's a better outlook for independent, smaller chains than the big ones like GameStop.

---

Oh yeah if were talking GameStop specifically the writing is on the wall for them.

They make no real effort to break into local communities and just sort of cram a bunch of shit nobody wants onto the shelves.

but Im pretty sure whoever owns GameStop doesnt even care. Theyre probably just gonna rake in dwindling amounts of cash until its not profitable then bail. >_>

---

It can be.

But then anything with risk is technically a gamble. Not wearing a seatbelt is a gamble. Life insurance is a gamble.

---

No way does someone gamble themselves into being a millionaire, or billionaire.

---