Would you rather blow $1000 in the stock market or at a casino?

[vi edit]

I thought of this question the other day when a co-worker was talking about how they blew 1 grand at the casino to come away pennyless. They asked me if I had any interest in gambling and I told them that I thought it was one of the most retarded things you could do with money. I told them that I'd much rather dump $1000 into a bunch of small cap stocks and maybe some penny stocks and take my chances there. They thought that my spending of money was no wiser than theirs. Do you agree?

 

[pulse8]

Since I know nothing about stocks, I would spend it in a casino.

 

[RossMAN]

Since I know nothing about gambling (other than slot machines) I'd probably risk it in the stock market.

However if I knew how to gamble then I'd definitely spend it at a casino.

 

[Aquaman]

stock market ......... you can claim the lose on your taxes

Cheers,
Aquaman

 

[Electric Amish]

At least at the casino you get free drinks.

With 1k I could play for days. I played Blackjack for 10-15 hours on $20.

amish

 

[vi edit]

I guess other options would be:

"Invest in stock market, and blow the dividends at the casino"

And the contrary:

"Blow it at the casino, and invest the winnings in the stock market"

 

[Novgrod]

At the casino, the odds are against you (you get back 95%, say). In the stock market, if you're in for long enough the odds are for you.

[he says, clutching to his shares of nvidia purchased four years ago]

 

[b0mbrman]

If I'm going to "blow" the money...as in lose it, I'd opt for the hookers and beer...might as well walk away with something

 

[BigSmooth]

I'm not impulsive enough (and way too stingy) to blow $1K at a casino. Stock market all the way.

 

[vi edit]

<< If I'm going to "blow" the money...as in lose it, I'd opt for the hookers and beer...might as well walk away with something >>



What, like a hangover and a rash that just won't go away?

 

[b0mbrman]

<<

<< If I'm going to "blow" the money...as in lose it, I'd opt for the hookers and beer...might as well walk away with something >>


What, like a hangover and a rash that just won't go away? >>



Of course, the bulk of the $1000 would be "blown" on beer...

 

[pyonir]

i know my fair share about both....but i would opt for the stock market.

 

[RossMAN]

Where's the pizza/beer/huge screen TV option?

 

[Salvador]

Betting $1000 in a casino is basically just pissing your money away and I get no joy out of pissing money away. With the stock market, you have a little more control over the outcome depending on what stocks you buy. You can play it safe with the blue chips if you choose. I highly doubt you'll find any of those odds in a casino.

Sal

 

You guys are all geeks, go spend it at the casino.

 

[InfectedMushroom]

so what do i fill in if i actually did all 4 choices at one point or another in my life?

 

[gopunk]

stock market, at least i can feel like i'm making an informed decision.

 

[Lucky]

Since im going to winsdor on thursday and reno next month, each with a predefined loss limit of 1K, I will have to say gambling.

 

[Michael]

I've tried both blowing money at the casino and the stock market (there's a difference between investing, which I also do, and gambling in the stock market). Overall, I prefer the casino.

Michael

 

[Mustanggt]

Casino odds are little better with stock but casino is much more fun

 

[StageLeft]

Stock market. I'd feel simply irresponsible wasting it at a casino since money in is almost a sure loss. I'm sure it would be more fun of course.

 

[Jzero]

<< there's a difference between investing, which I also do, and gambling in the stock market >>


Exactly. If we're talking about using the money for entertainment value and assuming you're going to lose it all unless you hit it big, then I'd rather play at the casino for awhile.
If we're talking about seriously trying to turn $1000 into $10000, I'd rather try to make some wise long-term investments.

 

[StageLeft]

Was watching TLC. Sometime ago some guys using computers attached to their body were able to get a 40% benefit over most casinos playing roulette. I didn't catch it all but it was legal and they were able to guess where the ball was gonna hit or something. Anyway I think the casinos made it so that it wasn't legal anymore, but nothing like having odds in your favor when you enter!

Most I ever lost was $20 gambling. You gamble long enough you're gonna lose.

 

[BrunoPuntzJones]

<< stock market ......... you can claim the lose on your taxes

Cheers,
Aquaman >>

you can claim gambling losses

just limited to your winnings