What does one do in this situation?

[divs4ever]

At that point then the word loses all its meaning.

“Gambling” to me is making bets in a game of chance, especially where the odds are against you.

Take a roulette table for example.

If you bet $50 on black, you are gambling because your outcome is determined by a very short term game of chance, and the odds are against you eg 18 chances to get black and win vs 19 chances to get red or green and lose.

But if you are the casino taking the opposite side of that bet, it’s not gambling at all, yes there is risk, but the system is set up to make you win, the roulette table becomes an investment, not a gamble.

——————

This is similar to how the stock market works.

Eg people making bets that the shares will rise or drop tomorrow, are a bit like gamblers betting on black or red.

But people taking rational, long term ownership interest in a range of businesses based on values that put a margin of safety in their favour are not gambling.

Yes, both the casino and the long term value investor are taking on risk, but it’s not the same as gambling.

apart from nick-names about my appearance , my first nick-name was lucky which morphed into Cat and later D9

i am gambling enough shares in my portfolio will survive what is coming , take-overs and company failures have wrecked any semblance of a plan , seems as soon as i get a sector covered , in comes a predator ( or administrator )

 

[Prepper Pete]

Thanks so much for all the valid responses to the question I posed. No doubt I have much to ponder here and will think very carefully before I make any further moves.