Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs?

This comment got me wondering.

Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery?

Were the MIT Blackjack Team gambling or investing?

Or Jerry and Marge Selbee?

Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?

  • @listlessEnglish
    4•5 months ago

    You make it seem like the US’s market will need to experience the same thing eventually.

    You make it seem like it didn’t already: The US market didn’t reach its 1929 peak again until 1954. 25 years is a long time to hold out on withdrawing your retirement investments.

    Here’s two other modern markets:

    The Athens Stock Exchange had peaks in the 2000’s that haven’t recovered.

    Ukraine’s stock market has ceased operations since the invasion.

    These events are rare, but not unheard of.