No. of Recommendations: 8
tweaker76 said:
<< Take a risk and throw some dice. And don't invest money you aren't willing to lose. That's the fun part of it. It's not the accumulation of wealth that matters; it's the excitement of obtaining that wealth. >>

This is an appropriate statement for someone who views the stock market as a casino. Winning in a casino is very much influenced by luck. Some games, such as slots, are entirely random chance. Others have some small element of skill like knowing your current odds and betting appropriately. But all of them share one characteristic: the built-in odds favor the house, and if you play long enough you will lose.

Gamblers play more for the rush of playing than for the expectation of winning. I guess that's what you're saying in your last sentence.

But I'm not a gambler, and I don't look at the market as a casino. I have used skills learned here at TMF to pick some strong stocks. Not random picks -- carefully chosen winners. I fully expect that the longer I "play" the more I will "win". Stated more correctly, I believe that the longer I invest in the market, the greater will be my gains.

And contrary to your last statement, it IS the accumulation of wealth that matters to me. My investments and their growth are an important part of my plans for a comfortable retirement. Sure, finding winners and then clicking that Buy button on Ameritrade is fun, but what really keeps me going is the knowledge that my wealth is growing long-term.
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