Vegas Odds, The Stock Market and Annuities
If you’ve ever been to financial discussions, you might have heard of the famous line “Investing in the stock market is just like gambling in a casino.”
It’s true; poker machines are like stock markets. Investing and gambling both have a common denominator, and that is having to risk your capital with the hopes of future profit.
When you bet your money on both, the money is not yours until you have the cash on your hand or in your bank account. The only difference is that, over time, the odds will be in your favor as an investor and not in your favor as a poker player.
What You’ll Learn From This Episode:
[4:27] There’s a huge difference between “making money” and “preserving money”.
[7:17] Poker machines relate to stock markets specifically because what you see on TV and what you hear reported as a yield is almost never going to be your yield.
[10:39] You’ll realize that the advertisements and the funding of all financial shows or major financial institutions absolutely want to play with your money.
[12:56] Gambling is not quite the same as the stock market, but you’re being manipulated in a similar fashion.
[14:41] Stock market traders vs Gamblers
[7:24] “You need to understand and put your expectations into your actual performance.”
[10:58] “The thing about gamblers is that they know how to put down long ways to make money.”
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