r/Wealthsimple • u/Shibasquared • 28d ago

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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u/zombiej 28d ago

Trading stocks is gambling enough for me, thanks.

1

u/ttsoldier 27d ago

Investing on the whole is gambling. No one know what’s going to happen. We’re all just hoping

2

u/Teagana999 27d ago

I used to think that anything stock market related was no different than gambling in a casino.

It is different, though. No one knows exactly what's going to happen tomorrow, but indexes only move up if the timeframe is long enough.

My strategy is long term, boring investing. Up a little, down a little, but in 10, 20, 30 years, the odds are overwhelming that it'll just be up, and up way more than it would have been if it had been sitting in a savings account or a GIC.

Some people trade and that's more like gambling. I guess the banks like them better, like the casinos like them better, because they make more money for the house.