I am about to do something massivley stupid

[lucif]

I will be holding my breath until then

Only because of this you'll probably not stay alive.

[RodeoX]

Investing is little more than a fancy word for gambling. Borrowing money to gamble is a bad idea. You don't want to find yourself here in a few weeks asking for a loan to "win it all back". Remember only speculate with what you can loose.

Dead wrong.

Then we disagree. I have been investing for 25+ years. Financial instruments, stocks, angel investing, land, even art. I do my homework and it has paid well for me. However every investment came with risk and no promise of reward.
It's like horse racing, some horses are likely to better than others, but no horse is sure to win.

[bullioner]

Investing is little more than a fancy word for gambling. Borrowing money to gamble is a bad idea. You don't want to find yourself here in a few weeks asking for a loan to "win it all back". Remember only speculate with what you can loose.

Dead wrong.

Then we disagree. I have been investing for 25+ years. Financial instruments, stocks, angel investing, land, even art. I do my homework and it has paid well for me. However every investment came with risk and no promise of reward.
It's like horse racing, some horses are likely to better than others, but no horse is sure to win.

Doesn't this just come down to people having different definitions of gambling vs investing?  For some, investing means purchasing a productive asset to secure long term gains, whereas gambling means betting on a discrete outcome.  For those using those meanings, they are indeed very different things.  Investment still involves risk, of course.

[Spaceman_Spiff]

For people who do their homework, it is never a gamble.

How about  'the butterfly effect' and 'chaos theory' ?  No matter how prepared you are, you are never 100% sure.

That kind of questions makes me think that most people here are just high schoolers.
For you guys making any kind of investment is a gamble.

Why do I think you are a high schooler? You could have said, "how about risk and uncertainty", but no, you have to jump all the way to terms that are way out of topic, but common to find in youtube.

Haha, did you do your homework on predicting I am a highschooler   ?  You would have lost some money on that gamble.... I am definitely not, just tried to put a little bit of variety in my wording .  
When you say: if you do your homework, it is never a gamble, I read that as you saying there is no risk, while in truth 1) there is always risk and 2)most investment decisions are much like a poker game.  The best players/predictors will (probably) gain, those that are worse (or happily hold their fiat and don't realize they are playing) lose value.  (If we get a bit more into it, ok not all investing is a zero-sum game as it will have an effect on the economy, but you get the gist of what I am saying).

[RodeoX]

Investing is little more than a fancy word for gambling. Borrowing money to gamble is a bad idea. You don't want to find yourself here in a few weeks asking for a loan to "win it all back". Remember only speculate with what you can loose.

Dead wrong.

Then we disagree. I have been investing for 25+ years. Financial instruments, stocks, angel investing, land, even art. I do my homework and it has paid well for me. However every investment came with risk and no promise of reward.
It's like horse racing, some horses are likely to better than others, but no horse is sure to win.

Doesn't this just come down to people having different definitions of gambling vs investing?  For some, investing means purchasing a productive asset to secure long term gains, whereas gambling means betting on a discrete outcome.  For those using those meanings, they are indeed very different things.  Investment still involves risk, of course.

I suppose we are on the same page after all. You are probably right about me being a little to loose with the word gambling. 

[Spaceman_Spiff]

For people who do their homework, it is never a gamble.

How about  'the butterfly effect' and 'chaos theory' ?  No matter how prepared you are, you are never 100% sure.

Better not go outside today, might get run over.

No reason to put on a bicycle helmet or have insurance, chances of getting run over are slim, so they are zero.

[Hawk72]

I don't see how this can possibly go wrong.

[nanopene]

For people who do their homework, it is never a gamble.

How about  'the butterfly effect' and 'chaos theory' ?  No matter how prepared you are, you are never 100% sure.

That kind of questions makes me think that most people here are just high schoolers.
For you guys making any kind of investment is a gamble.

Why do I think you are a high schooler? You could have said, "how about risk and uncertainty", but no, you have to jump all the way to terms that are way out of topic, but common to find in youtube.

Haha, did you do your homework on predicting I am a highschooler   ?  You would have lost some money on that gamble.... I am definitely not, just tried to put a little bit of variety in my wording .  
When you say: if you do your homework, it is never a gamble, I read that as you saying there is no risk, while in truth 1) there is always risk and 2)most investment decisions are much like a poker game.  The best players/predictors will (probably) gain, those that are worse (or happily hold their fiat and don't realize they are playing) lose value.  (If we get a bit more into it, ok not all investing is a zero-sum game as it will have an effect on the economy, but you get the gist of what I am saying).

No, you are still wrong.
Yes, there are risks, that's granted. But when I say investing, I mean actually knowing what the hell you are doing financially.
Popping to the stock market and purchasing some shares is not investing, that's gambling.
Jumping in to the purchase of shares without the bare minimum knowledge of fundamental analysis, is gambling.
Daytrading, is mostly gambling.

Gambling is speculating without any proof.
Investing is speculating based on information, and by making a very educated guess.

Follow the steps of value investing, and you will be on the right track on investing.
Otherwise, better stay away from any kind of markets.

PS: Then definitely college, undergrad

[malevolent]

OP, you should've done it before recent 200% price increases.

[Spaceman_Spiff]

PS: Then definitely college, undergrad

Haha, no 

[XxionxX]

OP, you should've done it before recent 200% price increases.

I know! XD

But I also believe we have a long way to go

Lose big, win big, I am down for this gamble. Roll them bones!

[vokain]

Its posts like these that show the top of the market cant be far away.

I thought about the same thing two years ago and luckily had a 2000 tuition refund from loans that went straight to a check. I can't see the price dropping more than $5-10 short term, but mid-long, ie 6-24 months, I believe it's up.

[arepo]

OP, you should've done it before recent 200% price increases.

try 800%

[Elwar]

What an idiot OP was...

 

[Ozymandias]

So did OP actually go through with it?

[piramida]

Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.

[SgtSpike]

He said he took out a $6k non-student loan for it.  So, yeah... good call OP.

[Rassah]

Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.

I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do 

[SgtSpike]

Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.

I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do 

Better hold on to the rest of them and see where it goes!

[molecular]

Would be funny if he did; and repaid the student loan in 20 days Bought a camaro with the change.

I think at this point (current price) I can pretty much pay off all my student loans and my husband's car as well, but somehow I feel like that would be a stupid thing to do 

You learned that from your experience with that electric car?