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Originally Posted by saden1
Warren Buffett is probably bad example as he does his homework before doing anything but the point I was making is that he too had luck on his side. When he was younger he took a lot of risk. Even with experience and analysis you're still taking a chance when you're buying stocks. I mean, how many businesses that exist today do you think will exist 100 years from now? Then of course you have market crashes (1929 ring a bell?). You just have to hope that when you retire we'll have a bull market. You can off course mitigate your risk by transitioning your money into safer investments as you near retirement age.
I personally don't believe in systems, but just maybe, jsarno's "system" is based on not risking with too much money. Playing now and then. Perhaps system is a bad word. How does strategy sound?
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It's not that hard to make money in the stock market. Companies are growing, and if you find a hot product, or trend... you help them get off the ground and you'll get rewarded for your investment.
You can also analyze trends of differente types of companies. Swing trading is as addictive as gambling, and people learn to identify the habits of certain stocks. There is definitly a rhyme and reason to it...
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With gambling, to my knowledge there couldn't possibly be a rhyme or reason to it. That's the very reason they're in the casinos... they always make money.
Granted I'm sure it's possible they set up certain "Games" to attract you to the casino, only to have you shell that money out elsewhere... a different game... buying food... etc.
From what I've heard, Blackjack has the best odds... and the house will make money 9 times out of 10 anyways. Seems like a lost cause to try and "beat the system"... bunch of hooplah to try to get you out there and spend money. Sounds like a "myth" meant to ecourage you to become and addictive gambler. Have fun with that.