from my gambling experience
It's actually very similar gambling and picking stocks
gambling can have a positive return when done properly , don't believe what you hear about bookies always win!
That's why they have Bookies Anonymous to help bookies kick the habit of losing money.
There is a big difference between bookies always winning and it being significantly profitable in the long run after charges, investment of time and inflation. And even if it is, its probably only true for a handful. The ones who are very skilled or lucky.Come on Brendan that's a lazy argument , in fact small independent bookmakers close down all the time and are taken over by the bigger , joke bookmakers like Paddy Power who won't take a bet off customers who actually know how to find positive expected value bets , all the media will tell you or anyone else is bookies always win blah blah blah and you never see a poor bookie , it is just not at all factually correct and many bookmakers go bankrupt and can't pay out. It has happened against me on numerous occasions.
There is a big difference between bookies always winning and it being significantly profitable in the long run after charges, investment of time and inflation. And even if it is, its probably only true for a handful. The ones who are very skilled or lucky.
I'd suggest you need to track direct investment in equities more frequently, e.g. monthly. Even with funds, ETFs, etc. I think you need to look at them more frequently and rebalance appropriately. (At least that's what I do.)I keep track of my investments annually.
I'd suggest you need to track direct investment in equities more frequently, e.g. monthly. Even with funds, ETFs, etc. I think you need to look at them more frequently and rebalance appropriately. (At least that's what I do.)
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