A little help would be much appreciated
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Unreported News, Commentary, Resources and Discussion of Bible Prophecy
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And I think it's like David L said--about stewardship and all that. We've been through financial hell in the past due to poor stewardship (more like no stewardship!), and God letting us reap what we sow, so why would we want to add insult to injury by gambling? As for me, if I were a poker player, which I'm not, I wouldn't have a problem with sitting around with friends and gambling with a few bucks worth of change from our change jar, but that would be about the extent of it.

qb0987 wrote:How about speculating in stocks?


Salty Skipper wrote:qb0987 wrote:How about speculating in stocks?
I you have extra money to invest, stocks are not gambling, provided that you know what you are doing. A stock is a fraction of a company, therefore when you purchase stocks you actually "own" a piece of the business. Buying and selling your part of the businesses is no sin.
If somebody just goes out, willy nilly, and starts throwning money around in the stock market without doing their homework, it would certainly be foolish as you could lose everything, but I don't think it's gambling. If somebody has scriptures to show me otherwise, I would be interested in seeing them.
qb0987 wrote:Salty Skipper wrote:qb0987 wrote:How about speculating in stocks?
I you have extra money to invest, stocks are not gambling, provided that you know what you are doing. A stock is a fraction of a company, therefore when you purchase stocks you actually "own" a piece of the business. Buying and selling your part of the businesses is no sin.
I really doubt this "ownership" thing. It is something Wall Street played it up with. If the company goes under, you get nothing. Just think Enron. Besides, the stock price is almost not related to the real value of the company. It has a lot to do with perception of growth. Just think: if a healthy company earns a good profit, but shows no or insufficient growth, the stock price drops. The price of stock also depends on how much money people are putting it into stocks. If everyone takes their money out, the stock crashes, independent of the value of the company.If somebody just goes out, willy nilly, and starts throwning money around in the stock market without doing their homework, it would certainly be foolish as you could lose everything, but I don't think it's gambling. If somebody has scriptures to show me otherwise, I would be interested in seeing them.
The Bible never talks about video games, internet, discussion forums like this, driving cars, electricity, either, etc.



BTW, I do know about stocks ... I will actually read and understand the earning statements (and every piece of legalease that I have to sign. I'm a rare animal, I admit). My problem is with the ethical nature of stocks itself, and in particular, the activity of shorting.
That's my story, and I'm sticking to it. 


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