Are You A Gambler, A Trader, Or An Investor?

I don’t know if I am amused or appalled by how much a gambling mentality has taken over much of our lives.

You see and hear gambling terms peppered throughout the news and reporting in the financial world, too. A recent example would be this headline from a Wall Street Journal article: “War in Ukraine Forces European Bulls to Unwind Bets.”

The “unwinding of bets” sure sounds like a gambling move to me.

I want to divide stock market participants into three categories for this discussion: gamblers, traders, and investors. Each group has a very different approach to making money from stocks.

And different rates of long-term success, too…

See which one you are here.

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