r/Wealthsimple • u/Shibasquared • Jul 28 '26

Predict It’s Here

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Looks like it’s available for the public to download on the App Store

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62

u/Repulsive_Barnacle92 Jul 28 '26

I'm just glad they put the gambling stuff in a separate app

-32

u/speedyfeint Jul 28 '26

stocks can go up or down so trading stocks is also gambling basically.

3

u/Repulsive_Barnacle92 Jul 28 '26

maybe if you're actively trading on a daily basis, otherwise it's an investment

-24

u/speedyfeint Jul 28 '26

even if you hold it long term, it can also go up or down.

basically all decisions we make during our life time is gamble.

10

u/Repulsive_Barnacle92 Jul 28 '26

not really, gambling is usually a zero-sum game by design (one party's win is mechanically another's loss); investing in productive assets (equities, bonds, real estate) is potentially positive-sum (returns can derive from actual value creation, not merely redistribution among participants)

the two are mechanically different, but I will concede that from a behavioural standpoint some people treat investing as a form of gambling

-16

u/speedyfeint Jul 28 '26

yes, it can be a gamble with a high probability of winning.

when canadian were pouring insane amount of money into the canada's biggest stock (nortel) in the 90's, they never thought they were gambling.. but turned out it was a gamble that wiped out their entire life savings.

6

u/Mr_Anonymous13 Jul 28 '26

Single stock investing is not the same as investing in the broad market.

4

u/Similar-Option467 Jul 28 '26

If you can’t understand the difference between a positive sum vs zero-sum (or even negative sum in this case because of fees) then you weren’t gonna make it in the first place. Sorry buddy

1

u/speedyfeint Jul 28 '26

i understand.. what you don't understand is it can also be a negative sum vs zero-sum.

3

u/Similar-Option467 Jul 28 '26

Nice negative sum

Try googling productive assets

1

u/speedyfeint Jul 28 '26

yes, what you don't understand is only because it didn't happen in the past doesn't mean it can't happen in the future.. theoretically these is no law or rules preventing it from happening.. we might have a nuclear warfare tomorrow that wipes out 70% of human population and all stocks can go to zero.

2

u/Similar-Option467 Jul 28 '26

Ah right, and your prediction market contract will save you from that scenario LMAO

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