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I once heard someone call the stock market a “casino”🎰. While there are aspects of it that can be a casino, I view the stock market differently. To me, the stock market is a wealth building machine.

To explain my point, I want to compare the difference between a casino and the stock market. A casino is a place you go knowing the house has an edge. You can spin slots all day & your odds do not change. The house always has an edge. No matter if you go to the casino today, next month or next year, you are always going to have odds against you to make money. The stock market on the other hand, when treated right, is not a casino. It is a wealth building machine.

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Look at this data on the S&P 500 which shows us the returns on average broken down by time frame:

The further out we go in time, the better our odds become to make money in the stock market. In a one month time frame, we have a 62% chance of making money and a 38% chance of losing money. But in a ten year time frame, we have a 95% chance of making money and a 5% chance of losing money. This is quite honestly the opposite of a casino. No casino gives you a 62% chance on making money, let alone a 95% chance of making money.

How to view the stock market?

You can treat the stock market like a casino, buying options, chasing high risk, trying to turn $10,000 into $100,000 (just like you would at a casino) OR you can treat it like a wealth building machine. Think long term & just keep buying over the course of 10+ years. By doing this, according to historical data, your odds of making money in the stock market are pretty darn high.

You have to think long term for this to happen though. Long term thinking is the hardest part of this. But if you can do it, you will be surprised (in a good way) at what your wealth can grow into.

P.S. I am not saying you cannot have fun and go to a casino. Just saying that treating a casino like the stock market should not be your wealth building route.

Real quick, my podcast called The Decade Investor Podcast releases new episodes every week. This week I dropped three new episodes:

1. 45: I Have Invested $250 A Week For 68 Weeks, How Much Money Have I Made?

2. 46: Do Mid Year Market Pull Backs Lead to Negative Years in the Stock Market?

3. 47: The Stock Market is not a Casino

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

The goal of my newsletter, my podcast, my social media is to help educate you on money & make sure you set yourself + your future generations up for success with money!

I want to help you too. I will be able to help you… soon. Stay tuned, I have something coming VERY SOON that will revolutionize the game for Decade Investors.

(x)Tweet of the Week:

My goal before I turn 27. Turning 26 here soon.

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor