Money magazine Comments - Are you investing or gambling? The important difference between the two With more free time due to the Covid-19 quarantine, access to superannuation funds and accessible low-cost brokers, many Australians have started investing in shares at a time when markets are particularly unpredictable and volatile. https://www.moneymag.com.au/feed/latest?story=170454024 Wed, 12 Aug 2020 17:12:42 +1000 Wed, 12 Aug 2020 17:12:42 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Are you investing or gambling? The important difference between the two https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Mike Richards ()

Look no further than the Reddit groups "ASX Bets" and "WSB" (Wall Street Bets) to see pure speculation and people talking a good game, big noting themselves that "stock X is 'going to the moon' ".

All that $20k from their super withdrawal is essentially being gambled on the stockmarket because the casino is closed and there's nothing to bet on. We all know it, it's obvious.

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]]> Mike Richards () Wed, 12 Aug 2020 17:12:42 +1000