Making Money Minute with Ron Hiebert - Gambling Is Not Investing
The lines between gambling and investing are becoming more and more blurred. In the US there are now platforms that let you bet on the outcome of a football game and then with the proceeds turn around and trade your favorite stock - all on one site. Yet gambling and investing are very different activities. Betting on who will win the next election or whether the Oilers become Stanley Cup champions is entertainment. Investing is putting money into wealth building assets that generate cashflow and profit over the longer term. Mixing the two and blurring their distinction is a very bad idea. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
