Gambling vs Investing~
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With the recent stock market correction, do u tink u are gambling or are u truly investing?
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In investing, there is an element of gambling.
But in gambling, there is no element of investing.
Meat Pao.
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if lidat called gambling then put in bank also gambling. cos bank can collapse.
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LOLOriginally posted by John Wong:if lidat called gambling then put in bank also gambling. cos bank can collapse. -
when U win...its investing...Originally posted by sunny6110:With the recent stock market correction, do u tink u are gambling or are u truly investing?
when U lose...its gambling.
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if ever a bank can collapses in sg... u can throw ur SGD away like waste paperOriginally posted by John Wong:if lidat called gambling then put in bank also gambling. cos bank can collapse. -
HOw much have you lost?Originally posted by sunny6110:With the recent stock market correction, do u tink u are gambling or are u truly investing? -
all my cost quite low de leh....Originally posted by shade343:HOw much have you lost? -
No, if I am not wrong, even if the bank (in SG) collapsed, still can get back your money.Originally posted by sunny6110:if ever a bank can collapses in sg... u can throw ur SGD away like waste paper -
speculating
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I see alot of buying opportunity leh...cheap blue chips!Originally posted by sunny6110:all my cost quite low de leh.... -
investing is when u buy shares to hold for dividends.
speculating is when u buy shares to hope for price to rise fast.
gambling is when u play contra or short sell. -
gambling relies on luck o hearsay. invest need spend time n effort do hw 1 loh. sometimes even money go for lessons n books. all pros do their calculations n firld study b4 putting money into a co.
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investing..
coz wat i buy are those that can invest for long term de. -
In investing, there is risk.Originally posted by Meat Pao:In investing, there is an element of gambling.
But in gambling, there is no element of investing.
Meat Pao.
In gambling, there is hope.
cha siew pao -
30 years ago...POSB yes...now...I dont think so.Originally posted by royston_ang:No, if I am not wrong, even if the bank (in SG) collapsed, still can get back your money. -
Originally posted by sunny6110:if ever a bank can collapses in sg... u can throw ur SGD away like waste paper
Not exactly true. All local and foreign banks (administered with full Banking licenses) operating in Singapore that accepts depositor's money are required to be members of the Deposit Insurance Scheme under the Deposit Insurance Act as regulated by MAS.Originally posted by Xcert:30 years ago...POSB yes...now...I dont think so.
Deposit insurance protects small depositors in the event a Scheme member fails (I.e. Bank collapse/failure). The Deposit Insurance Scheme compensates your savings up to a maximum of S$20,000. -
Precisely. Big cap stocks are now selling at a discount as compared to their previous all time highs as their not spared from the recent sell-down. Congrats to those that have/are liquid at the moment!Originally posted by shade343:I see alot of buying opportunity leh...cheap blue chips!
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that would be protected by insurance...not by sg govt.Originally posted by Paradise Lost:Not exactly true. All local and foreign banks (administered with full Banking licenses) operating in Singapore that accepts depositor's money are required to be members of the Deposit Insurance Scheme under the Deposit Insurance Act as regulated by MAS.
Deposit insurance protects small depositors in the event a Scheme member fails (I.e. Bank collapse/failure). The Deposit Insurance Scheme compensates your savings up to a maximum of S$20,000.
and U are capped at 20K....small amount considering its savings to a lot of people...working adults,elderly...hardly any consolation should a bank collapse really happens.I believe many working adults here have over 20K savings...not to mention the elderly who have worked most of their lives. -
The issue is whether theres any compensation at all to the average depositor should a bank collapse ever occur and not whether the compensation is covered in the form of an insurance or from the govt.Originally posted by Xcert:that would be protected by insurance...not by sg govt.
and U are capped at 20K....small amount considering its savings to a lot of people...working adults,elderly...hardly any consolation should a bank collapse really happens.I believe many working adults here have over 20K savings...not to mention the elderly who have worked most of their lives.
Being capped at 20k is hardly an amount to sneeze at, considering in the event of a bank collapse WITHOUT such a safety net in place. Not even a single cent is "refundable", and especially so critical when the elderly is concerned whom most have worked for most of their lives.
Furthermore, the existence of the Deposit Insurance Act is predominately established to bequeath confidence and assurance to the average depositor, thus imbuing confidence in the Banking industry,which serves as the critical pillar to the entire nation's economy, as a whole. Judging the Deposit Insurance Act based on its "low cap" and deeming it "hardly any consolation" does not do it any service at all. -
life is a gamble.Originally posted by John Wong:if lidat called gambling then put in bank also gambling. cos bank can collapse.
everything has risks. -
me saying if ever a local bank can collapse in sg... it signifies sumthing... all ur hdb flats, passports then wouldn't worth a cent... let alone stocks...
the 3 local banks already worth how much in the sgx market capitalisation already? -
fair enough.Originally posted by Paradise Lost:The issue is whether theres any compensation at all to the average depositor should a bank collapse ever occur and not whether the compensation is covered in the form of an insurance or from the govt.
if U are taking the "its better than nothing" stand...then yeah...U are right.
Being capped at 20k is hardly an amount to sneeze at, considering in the event of a bank collapse WITHOUT such a safety net in place. Not even a single cent is "refundable", and especially so critical when the elderly is concerned whom most have worked for most of their lives.
Furthermore, the existence of the Deposit Insurance Act is predominately established to bequeath confidence and assurance to the average depositor, thus imbuing confidence in the Banking industry,which serves as the critical pillar to the entire nation's economy, as a whole. Judging the Deposit Insurance Act based on its "low cap" and deeming it "hardly any consolation" does not do it any service at all.
confidence and assurance?might be...but I dont feel it. -
u do not need to "worry" so much when u r investing than gambling...
The word "worry" is for those who r not gamblers...
The word "thrill" is for those who r gamblers... -
Thats basically the gist of insurance, isn't it? Having a "better than nothing" financial compensation should an unlikely misfortunate event befall onto you.Originally posted by Xcert:if U are taking the "its better than nothing" stand...then yeah...U are right.
You seem to be so skeptical and negative about the robustness of our existing banking structure. Care to elaborate more why?Originally posted by Xcert:confidence and assurance?might be...but I dont feel it.