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by hippofluff
1556 days ago
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I agree with your sentiment here that gambling on stocks is bad. Our goal is to provide education and analysis tools, since we believe investing is not gambling. Even though, many people today treat it like it is. We don't make money/aren't incentivized on our users making/executing trades (unlike a lot of other services today). I understand that our product isn't going to interest everyone, there's nothing wrong with only investing in index funds. That being said, a lot of people take 5-15% of their money and put it into riskier investments. Also, a lot of newer investors are investing in causes/things they believe in as a social/environmental cause. By being supplied with investing education and tooling that most people are deprived of/never shown, we hope that we can remove the word "gamble" from long term investing |
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All investing is betting. Day-trading and forex "investing" are certainly gambling, and there is a lot of addiction among day-traders.
Stock-picking is more controversial in terms of whether to call it gambling, but if we know that nearly 100% of individual investors won't beat the market in the long-run, then it seems a lot like a casino, where the house always wins.