The Wall Street Casino is no place for safe money. It is also no place for investing. For most of us, it is only a place to gamble (though we may not realize it).
Gambling cannot make money for anyone other than the house. What is gambling? Gambling is when 100% of your bet is subject to 100% loss. As with any bet in a casino, a bet on a stock is 100% at risk.
Gambling also requires that you give up control. You must bet on an outcome over which you have absolutely no power.
Over time, as you make more bets, the house will win more of your money in a casino simply because the odds are in favor of the house. Sometimes you win, but most of the time, you will lose. And, in the long run, the house will take all of the money you bet.
It’s the same with bets made on stocks at the Wall Street Casino with a few exceptions.
Most people who wager at the Wall Street Casino know less about the game of chance they are playing than gamblers in a Las Vegas casino. Most of the bet bookers at the Wall Street Casino know less about the game of chance for the bet they are booking than the pit bosses and stick men at a Las Vegas Casino.
Most of the promoters (media) of the Wall Street Casino know less about the games of chance they are promoting than the promoters of Las Vegas casinos.
It’s similar to a George Carlin analogy – both the Wall Street Casino and the Las Vegas Casino inspire you to bet your money with 100% risk of loss but only the Las Vegas Casino actually tells you that it’s a bet and the odds are against you.
History has proven that mainly the knowledgeable, wealthy and well connected win at the Wall Street Casino. They routinely win the money from the other betters by stacking the odds in their favor and against the other betters.
The promoters and bet bookers at the Wall Street Casino continually point to the long-term increases in the stock market. They conveniently, or naively, omit the fact that the fat-cats who control the odds are the ones who have prospered while the average investor/gambler has achieved low yields and/or losses.
This is a wake-up call asking you to examine investing in stocks and realize that it is, in fact, a gamble in which you will not do very well because you have no control over the game or outcome. Giving up your money to a broker or money manager may be the worst thing you can do (or have done).
Until now, “investors” have been placed at the mercy of the Wall Street Casinos because they have not been aware of anything else that is available.
As a result, most of us have to deal with advisors who are nothing but salesmen and brokers who call themselves advisors. They are stockbrokers and/or insurance agents working for companies that license them to sell stocks and insurance. Most of us don’t have a chance, and haven’t had a chance, to achieve good investment performance while the wealthy have continually gotten wealthier with very high-priced professional assistance.
It’s time to take your "safe" money out of the Wall Street Casino.
The Wall Street Casino is no place for safe money. It is also no place for investing. For most of us, it is only a place to gamble (though we may not realize it).
Until now, “investors” have been placed at the mercy of the Wall Street Casinos because they have not been aware of anything else that is available.
As a result, most of us have to deal with advisors who are nothing but salesmen and brokers who call themselves advisors. They are stockbrokers and/or insurance agents working for companies that license them to sell stocks and insurance.