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Mike | why does our country say casino gambling is bad but investing in stock market is good? |
it's both gambling, but the gambling bankers get bailed out, why don't casinos get bailed out as much as banks do |
 |
 
MarcThyme
 |
Because Casino gambling is a "zero-sum" game; there is the SAME amount of money afterwards as before, the punters' bets + the casino's profit equal a fixed sum.....the stock market CREATES additional worth... |
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Joseph P
 |
First off, Investing and gambling are not one and the same. gambling there is a calculated risk involved. Investing concerns putting money at risk for an unspecified length of time in hopes for a non negotiated return. Investing once was about buying stock in strong companies for the long term. It has evolved due to technology to become something that many people have turned into hobbies and even careers. While I agree that some banks made poor choices in their investments, these were not gamblers. They made loans however did not think of the consequences that would come with them. Whether they should have been bailed out is debatable and a moot point for your question. The real answer you should be concerned with is that banker investments provide for liquid markets so that retail investors may be able to take part in global investing. Without bank involvement and without their bailout, retail investing would fall by the wayside. Casinos, thought providing much enjoyment, provide little else to their customers. |
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Len
 |
You're making assumptions without knowing how the stock market works----not only for individual investors but also for the country's benefit.
I've never heard of a casino getting bailed out, by the way---at least not one that was operational for two or more years.
Bankers don't gamble. They process voluminous amounts of research in order to enhance profit potentials for their investors. This is no different than when you work at a job, expecting to be paid. The difference is that your pay check is limited to AND GUARANTEED as to the amount you agreed upon when taking the job whereas the banker has no such certainty. There are huge risks necessarily undertaken by the banker, without which...industry would grind to a halt.
I spend at least 60 to 70 hours weekly, researching stocks in my portfolios. While I do well enough to be debt free and therefore worry free, I earn every dollar I get...no handouts and certainly no bailouts are forthcoming...nor would I want any. I'm not an investment banker, by the way. But I work with some and have seen the pressures they face.
Every single one of us who fends for him/herself in this country acts as a banker unto his/her own life. The job is simple: Execute via decisions based on choices.
Execution is not always simple. When the country's welfare is at stake, the question of bailouts arises. I, personally, have never supported bolstering failure as was done by both the current Administration and it's predecessor. Yet I understand the concern that led to fear that led to panic. I think that the next wave of downward spiraling will be devoid of controversial bailouts.
Len |
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witz1960
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With very limited exceptions gambling is 100% LUCK.
Investing is based upon (limited) informed decision making.
Bailouts? - we should NOT, as an institution (govt) reward failure while taxing success.
Bailouts 2? - Casinos rarely fail and don't need bailing out.
A better question might be why do Indians, in many states, have the monopoly on operating casinos? |
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Wiz
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Because casino gambling relies totally on luck, while investing, theoretically at least, relies on informed research of company performance. Investing in the stock market doesn't have anything to do with banks, so I am not sure what that part has to do with your question. Besides, casinos are making really good profits and don't need "bailing out". |
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muncie birder
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So far as casino gambling goes, many states do not think it is all that bad any longer. Many actually participate in the fleecing of the customers by taking a cut of proceeds off the top. Yes, the gambling bankers got bailed out. Some anyway. Lehman Brothers didn't. Actually, it was not the bankers that got bailed out. It was their investors and bond holders. The bankers continue to take their multimillion dollar salaries and multimillion dollar bonuses come good times or bad.
Why did GM and Chrysler get bailed out? They just screwed up.
Personally, I would not mind the bailouts so much if the former CEOs were hanged as part of the process. |
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