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Post by The Squeezed Middle on May 23, 2024 11:20:31 GMT
It is possible to lose everything, including your stake - that makes it gambling. You could say that about everything, Nulla. But life is about risk and reward. You don't get one without the other. It is called "investing" to fool useful idiots into thinking it is a sure thing, it isn't. Oh, no one ever said it was a sure thing. But properly done, it's as sure as anything else. For example, do you think that a book maker is gambling? No. Good. Because it's possible to invest in the stock market using similar principles. I've done very well out of it over the years. It is designed to Privatise the Profits and Socialise the Losses; it does the latter by getting the everyman to invest, either directly or indirectly through pension funds, and then when the crash happens the Government will step in to support the stock markets, ostensibly so the "everyman" does not lose everything, but actually to ensure the Rich gain even more... And, apart from the banking fiasco when Labour stepped in, I can't think of any other time in recent history that this has happened. Every time a Government has so intervened in the Stock Market it has seen a MASSIVE transfer of wealth from the Poor to the Rich. Can you give us some examples of when this has happened? Which is the real purpose of the Stock Market: Keeping the Poor poor, is the ONLY way to keep the Rich rich. Well I've done well enough out of it. And so have many others who aren't the “Rich” whoever you think they are. It is not me who is ignorant of the way the Stock Market works, it is you... LOL!  You're a clueless socialist, divorced from the truth as ever. Nullaveritas. |
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Post by The Squeezed Middle on May 23, 2024 11:23:34 GMT
Never said any of that. Want to continue jumping to stupid conclusions? Workplace Pension is a great idea - gambling it all on the stock market not so great.
where would you invest it instead?
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Post by ProVeritas on May 23, 2024 11:32:08 GMT
Call it what it is is: gambling, not investing. I'd only gamble with the Interest. All The Best well you can call it whatever you like but you didnt answer my question - where would you put the funds instead? Except I did answer it. That you chose to ignore the answer is a You Problem. All The Best |
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Post by ProVeritas on May 23, 2024 11:33:30 GMT
It is possible to lose everything, including your stake - that makes it gambling. You could say that about everything, Nulla. But life is about risk and reward. You don't get one without the other. It is called "investing" to fool useful idiots into thinking it is a sure thing, it isn't. Oh, no one ever said it was a sure thing. But properly done, it's as sure as anything else. For example, do you think that a book maker is gambling? No. Good. Because it's possible to invest in the stock market using similar principles. I've done very well out of it over the years. It is designed to Privatise the Profits and Socialise the Losses; it does the latter by getting the everyman to invest, either directly or indirectly through pension funds, and then when the crash happens the Government will step in to support the stock markets, ostensibly so the "everyman" does not lose everything, but actually to ensure the Rich gain even more... And, apart from the banking fiasco when Labour stepped in, I can't think of any other time in recent history that this has happened. Every time a Government has so intervened in the Stock Market it has seen a MASSIVE transfer of wealth from the Poor to the Rich. Can you give us some examples of when this has happened? Which is the real purpose of the Stock Market: Keeping the Poor poor, is the ONLY way to keep the Rich rich. Well I've done well enough out of it. And so have many others who aren't the “Rich” whoever you think they are. It is not me who is ignorant of the way the Stock Market works, it is you... LOL! You're a clueless socialist, divorced from the truth as ever. Nullaveritas. How about I provide my answers, not you. Yes, they are. All The Best |
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Post by ProVeritas on May 23, 2024 11:37:55 GMT
Well I've done well enough out of it. And so have many others who aren't the “Rich” whoever you think they are. Do you understand how logic works? That you have "done well enough out of it" does not negate the fact that you could have lost everything. It is the fact that you could have lost everything that makes it gambling. All The Best |
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Post by ProVeritas on May 23, 2024 11:39:02 GMT
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Post by ratcliff on May 23, 2024 16:05:38 GMT
where would you invest it instead?
Think he must be an 'under the mattress ' type |
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Post by ratcliff on May 23, 2024 16:10:57 GMT
How is your pension fund supposed to earn interest without investing it in stocks? |
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Post by Pacifico on May 23, 2024 16:12:15 GMT
well you can call it whatever you like but you didnt answer my question - where would you put the funds instead? Except I did answer it. That you chose to ignore the answer is a You Problem. All The Best No - you waffled. It's simple - you have a fund containing pension contributions - so what are you proposing should be done with those contributions (if anything). If you dont want to answer (or are incapable) then that is fine. |
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Post by ratcliff on May 23, 2024 16:13:42 GMT
Well I've done well enough out of it. And so have many others who aren't the “Rich” whoever you think they are. Do you understand how logic works? That you have "done well enough out of it" does not negate the fact that you could have lost everything. It is the fact that you could have lost everything that makes it gambling. All The Best I've crossed a busy road today without being run over , but I 'could' have been run over and lost my life Is that gambling iyo? |
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Post by The Squeezed Middle on May 23, 2024 17:48:34 GMT
How about I provide my answers, not you. OK.
do you think that a book maker is gambling? Wrong. Ever met a poor bookie? Rhetorical question because the answer is: No you haven't. They play the odds and skim a percentage. It's a mathematical game. Only mug punters and socialists don't understand it. Same as the stock market. |
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Post by The Squeezed Middle on May 23, 2024 17:58:50 GMT
Do you understand how logic works? Yes, absolutely. That you have "done well enough out of it" does not negate the fact that you could have lost everything... And, as I previously said, that applies to everything. You could be dead in the next ten seconds but you're about to post on the, quite reasonable presumption, that you won't be. And, probabilistically, you won't. It is the fact that you could have lost everything that makes it gambling. No it's not. Else everything else that you did in life would be gambling. By your logic. So is it, Nulla? |
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Post by The Squeezed Middle on May 23, 2024 18:04:30 GMT
Just did. You didn't answer the question there either, Nulla. |
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Post by sandypine on May 23, 2024 18:52:08 GMT
How about I provide my answers, not you. OK.
do you think that a book maker is gambling? Wrong. Ever met a poor bookie? Rhetorical question because the answer is: No you haven't. They play the odds and skim a percentage. It's a mathematical game. Only mug punters and socialists don't understand it. Same as the stock market. In general terms the bookmaker makes the odds and those work on how much money is placed on specific horses and his book is always over rounded so he wins, mainly small, irrespective of which horse wins His risk is at worst minimal when it comes to favourites and if he gets a large bet he can lay some it off with another bookmaker. |
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Post by The Squeezed Middle on May 23, 2024 19:51:16 GMT
OK.
Wrong. Ever met a poor bookie? Rhetorical question because the answer is: No you haven't. They play the odds and skim a percentage. It's a mathematical game. Only mug punters and socialists don't understand it. Same as the stock market. In general terms the bookmaker makes the odds and those work on how much money is placed on specific horses and his book is always over rounded so he wins... Is exactly my point. |
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You're a clueless socialist, divorced from the truth as ever.
