Ep 244: Are you Gambling or Investing? / Greg Moyle


Manage episode 318756220 series 3114036
著作 Ryan J Melton & Greg Moyle, Ryan J Melton, and Greg Moyle の情報はPlayer FM及びコミュニティによって発見されました。著作権は出版社によって所持されます。そして、番組のオーディオは、その出版社のサーバから直接にストリーミングされます。Player FMで購読ボタンをタップし、更新できて、または他のポッドキャストアプリにフィードのURLを貼り付けます。

Quick Fire Finance for the Day:

"Here’s the thing. How on earth do you know the difference between investing and gambling? For the life of me, I cannot tell the difference.

Bank deposits return almost nothing, so they are not much of an investment. You may as well hide your money in the rose garden. No taxes, no fees.

Take a risk for a better return, and you’re a gambler, surely. There’s plenty of choice — take a punt on art, classic cars, Bitcoin, number plates, rental property, alpacas, phone cards, gold or shares.

The bigger fool theory relies on you finding a bigger fool to pay you more than you did in the first place. Somebody is bound to lose money at some point, surely. So Mary, what is the difference between investing and gambling?"

Source: https://maryholm.com/nz-herald-30-october-2021/

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