If you are an informed, conscientious person who understands the stock market, stays informed, and plays it safe, sure. In that sense you are correct, I shouldn't have said everyone. But most people really have no clue, which is why they pay some guy they don't know to invest their money for them.
The point is it's not a losing proposition, even for the uninformed. Most Americans invest in the market, primarily through their retirement accounts, and earn good returns with no knowledge or active involvement on their part. From a theoretical perspective when the market yields 4% on average, you could randomly pick stocks and you would average out to a 4% return. So the fact is for a vast majority of people market participation bears no resemblance to gambling.
This is fundamentally a form of gambling - you don't know specifically what you are investing in, you don't control how the money is spent unless you are involved day to day, you have no ability to change the actions or practices of the things you are investing in, you don't know the person investing your money, you don't know how or why you are or are not making money, and your holdings aren't big enough to have an impact on their own.
So what. The only thing that matters is the average return, which is always positive in the long run. You can't seem to distinguish between a risk and a gamble. Risk is inherent in the market and in all of life's activities. What distinguishes gambling is when the returns are expected to be negative and yet you play anyway. If the returns are expected to be positive it's an investment.
You basically pick a risk level and see how things play out. Your returns will be dictated mostly by market trends rather than any sense of real business value. Small Town Investment Advisor doesn't know a goddamn thing about what is happening in the companies and big funds he invests in.
Again, so what? The only thing you need to know is that the long run return is always positive.
So, yes, consistent returns for the market overall... And at any point, hundreds of thousands of losers who don't make a dime and in fact lose money.
Short time horizon. If you put money into the market and expect a return short term, that's gambling, because short term returns in the market are not consistently assured. Some people consistently win at a casino, or win big once and never return...it's still gambling because the ROR is negative in the long run.
The stock market is a collective mirage, a supposedly safe place unless you happen to lose it all in the every-decade crash, which happens, you know, every decade. Or you get ripped off, which happens all the time. Or you just lose your shirt, which happens to thousands every single day.
No one loses their shirt unless they have a short time horizon or invest in a particular stock rather than the wider market. If you put all your money in the market right before the 08 crash you would have double your money today. You really should understand the distinction. Property is the same way, in the long run you will not lose money.
It takes a truly immature perspective to argue that the stock market is anything but gambling.
It's not. Millions of people make a living from the reliable returns of the market and it funds retirement for nearly the entire country. It's not a gamble.
At best it is a game of Blackjack at worst it is the f**k slots machines.
The house always win in the long run at blackjack and slots. You always win in the long run in the market. They are completely different.
But then again, I am talking to a guy who resurrected a thread to brag about his digital wallets
I mean I've gotten 70% annual returns YOY for 7 years. That's f**k good. So good I will actually admit this is more of a gamble than an investment (although here the long run ROR is unknown, rather than veritably positive or negative, so the degree to which it is a gamble depends on the quality of information you have). But I'm very confident in the future of Cryptos and that bet has already paid off tremendously for me. Hedge Fund bros would kill for my ALPHA