A recent article from FYG Planners provides food-for-thought for those of you who may be considering investing. They discuss the key differences between investing and gambling.
“There has always been a debate about the overlap between gambling and investing. Investing has often been linked with gambling, usually unfairly by people who take a cursory glance and don’t understand the actual intermediary of investing and gambling is speculation.”
So what are the differences?
- Long time frame
- Lower risk level
- The expected return is usually positive
- Non-dependent on a definitive outcome
- Short time frame
- Higher risk level
- The expected return is usually mixed
- Dependent on a definitive outcome
Explore these and other differences in full by reading the article here. The feature also explores ‘speculation’ – situated somewhere between investing and gambling – and includes examples of homegrown Australian investment success stories.
If you are considering investing, it is strongly recommended that you first seek the guidance of a qualified financial adviser.
Baldwin Financial Services is based in the northeastern suburbs of Adelaide.
Contact us to find out how we may be able to help you.