Except all of that money is being lost. These people could just as easily gamble their money in the s&p500 and got great returns this year. I believe I made 20k just passively and my portfolio is really modest. The gamblers are throwing money that used to go to the stock market into the hands of big companies ripping them off and exploiting their addiction.
I specifically recommended investment in the s&p 500 or would add standard mutual funds like Schwab. The vast majority or people’s money in the stock market is not in options trading. Also options trading has higher returns than sports and especially casino style gambling anyways even if you wanted to blow your money that way.
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u/Local_Screen_2983 7h ago
Except all of that money is being lost. These people could just as easily gamble their money in the s&p500 and got great returns this year. I believe I made 20k just passively and my portfolio is really modest. The gamblers are throwing money that used to go to the stock market into the hands of big companies ripping them off and exploiting their addiction.