Quote:
Originally Posted by pwalker8
Well, that's certainly a unique definition of earn. Investing, buying bonds and having a savings account are for the most part the same thing. In each case, you give someone else the use of your money with the hopes of getting more back. It's all a gamble. Bonds are defaulted on all the time. Banks fail. I recommend Sowell's Basic Economics to you. It's even in ebook.
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That is a unique definition of gamble. Gambling with a bank and a savings account is a lot less risky than high risk stock market gambling. There is no such thing as the FDIC for stocks. If you chose to pick a bank that has no FDIC insurance, that would be really gambling, I suppose. There is a difference between potential for income (and loss) with stocks and guranteed income with interest from a bond or savings. Sure, when you win you potentially win more with stocks, but also the risk of losing a lot is there too.