Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
thenewgreen · 4800 days ago · link · · parent · post: Groupon has spent about as much on advertising this year as Visa and Time Warner Cable.
I have a coworker that is a voracious gambler. We recently had a conference at Hera's Casino in New Orleans and he was essentially glued to the black jack table the entire time. When he's not in New Orleans or Vegas he gambles on the market. I asked him today how he does at the Casino? He said he pretty much breaks even (that's gambler talk for "I lose money"). I then asked him how his investments were doing. You could see his face light up and began telling me about all the money he's been making. He's basically selling "covered calls" and raking in a small fortune. He swears by them. Says they've changed his life.
So are stocks gambling? For sure, no doubt about it. Are the odds more in your favor than a black jack table? Well, that depends on you and how much time you are willing to dedicate to learning the different avenues of revenue streams available.... in both cases really.