When you invest in the stockmarket and have a 401k are you not taking a risk just like gambling. I do not see the difference. Does the Bible specifically state that it is a transgression or sin to gamble? If the Bible does not say it how can man say it is sin. Is not sin a transgression or a missing of the mark (God’s Law)?

 

Comments

  • Using that mentality, marriage, buying a house, buying a car, having children and taking a job would be gambling too

  • The lottery has a negative expectation.

  • I actually agree with you but I would never play the lotto as I havent seen many people win.I have however seen many people win on slots and thats what I do.I also consider it entertainment.I think the most important thing is dont get addicted and dont be greedy.I dont know if its a sin .I also question that.I asked someone from church well what about all the brethen that play the stock market and they said well they are justtrying to make it,I consider the casino the poor mans stock market.I have walked in with a hundred and won up to seven hundred dollars and my mother has done better than that.Maybe its my stock market.However never play more then you can afford to lose,dont get intoxicated and be a generally good honest person.I dont see the problem.My problem may be that Im not submissive enough .I dont know but all that I have seen about it says do not pray to the God of good luck.For this reason when playing at the casino I usally try not to play games that have good luck symbols on them.Thats just my take .So far as a lottery if you enjoy it and its not taking much of your money just a few dollars for a chance I really dont see the problem but Im not God.You have to reconcile your decisions with your church or your consceince.I think playing the stock market is probly addictive as anything else and its definitely a gamble.

  • the stock market is a form of gambling, and if your 401k is invested in stocks, it’s gambling. my wife is having a hard time dealing with the up and down turns in hers, but she went 50% high risk. when i do it, i usually put 50% in maximum safety funds like a savings account or t-bills, 30% in blue chips, and 20% in high risk accounts. usually i make around 10% every three months.

  • It’s a simple math problem.

    First of all, there is no way to predict lotto result beside pure gambling. Buy a set and hope for the best. Of course, the odds of winning are extremely low. So low that basically you can just forget about it.

    But there is a way to predict the stock market by analyze the current available information. Then, if you are smart, you can repeatedly win. That’s why someone can play the stock market for a living. Did you see one can repeatedly win by playing the lotto? Exactly!

    Bottom line: if you do not know what you are doing, then it’s gambling. Otherwise, it’s called taking calculated risk. There is a big difference between the two.

  • digdowndeepnseattle

    October 19, 2010 at 2:50 pm

    you confuse risk with gambling…Now using 401k money to invest in PUTS and CALLS would be considered gambling unless you have the education and understanding of the financial markets and how they work….but everything else is just varying level of risk that is based upon knowledge and effort. Gambling on the other hand is based upon chance…HUGE difference.

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