Gambling, Speculating, Saving & Investing - What's the Difference?

Unconventional Wisdom

How should you invest your money?

If you don’t invest wisely, it will be hard to fund your future.

There are always new areas you can put your money into, but are they worthwhile long-term?

In my latest podcast episode, I look at all the possible areas to invest your money and fit them into 4 categories: gambling, speculating, saving, and investing.

Knowing the expected return & risk for each will help you decide what’s the most reliable for you to be confident in your future.

I specifically talk about:

• The difference between gambling, speculating, saving & investing.
• What are meme stocks, NFTs, cryptocurrencies?
• Meme stocks, NFTs, cryptocurrencies, lotteries, futures, options, rental properties, bonds, GICs, dividend stocks, equities. Where do they all fit?
• How high do long-term returns need to be to be considered an investment?
• Odds of making money in the stock market with day trading and short-term investing.
• How the stock market can be gambling, speculating, saving or investing.
• How to be confident you are investing effectively.