Millennials aren’t investing for their future, with only 33% of millennials currently owning some form of stock, bond, mutual fund, or other investment. While the reasons vary, many millennials refer to the stock market as gambling, just too risky. But the reality is, investing in the stock market isn’t gambling, it’s owning the casino.
Millennials currently have a negative savings rate, but over half of us gamble in some form. We are willing to play table games, slots, or bet on sports even though we know we’ll lose in the long term. It is about time we tipped the odds in our favor and put our money in a place where we can actually win.
SOURCE: http://www.mamafishsaves.com/investing-not-gambling/
The odds are tipped in your favor
Everyone who has ever been to a casino knows that the odds are set for every game to ultimately benefit the casino owner. The casino owner wins by having hundreds of people play every day and over the long term. That slight edge for the casinos adds up over time to significant cash earnings. It works the same way for investing.
Looking at daily data back to 1928, there hasn’t been a 30 year period in history where you lose money invested in the stock market, even after adjusting for inflation. There are bad cycles and bad individual years, but over time the volatility smooths out and the long-term growth benefits the investor. The person who buries the money in their back yard or keeps it in a savings account because it is “safer” loses wealth from inflation almost every year.
from
https://pokertournament1.wordpress.com/2017/06/28/real-estate-investing-is-not-poker/
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