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Is playing the stock market a sin because it is a form of gambling?
21 Answers
- Anonymous1 decade agoFavorite Answer
HEYA baby uncle ...I don't like gambling but my Portfolio the last couple of Quarters shrunk like my socks in the wash
((((SMOOCH)))
- Anonymous1 decade ago
If your motives are to sway the stock market to your wallet without a meaning, just to get richer, it can be a sin just like gambling. Investing in the stock market is a serious deal and you absolutely don't take it lightly. You do your research, get a professional broker, and carefully invest so you have a goal to meet with the money made from the stock market. That's different from using the stock market to play a game. Your money is not a game. Be very wise what you do with it.
- 5 years ago
If you are going to have any money for retirement these days you HAVE TO be in the stock market whether you like it or not. All 401Ks, 403Bs, IRAs, Mutual funds are all connected to the stock market. These retirement vehicles all have stocks and bonds within them.
Even if you decide to leave your money in savngs you are gambling...gambling that you will accumulate enough to retire on (which you won t in a non interest savings account).
Even your money is used by the banks to gamble. That s right! they use depositor money to engage in DAY TRADING.
Try as hard as you may but every second of everyday you are GAMBLING. If you read the bible you will find MANY examples of gambling even if they don t directly call it "gambling".
And I do believe there was one parable about three servants given money to manage wisely and one of the servants chose to "save it" or do nothing with it and was castigated by his "master". I can t remember were in the bible it was but its in there. Oh and for the record there are PLENTY of Ministers, Preachers, Pastors that have investments in the stock market. They may not openly discuss this but many are smart enough to know they need a sound retirement plan and like I said, many retirement vehicles are attached to the stock market one way or another.
For those of you that have "old pensions" and think like my parents do that the market doesn t affect them one iota think again.
Just watch your company s stocks crash and see what happens to that pension. It may not be so pretty.
My husband s company slashed the pensions for retirees by half during the "Great Recession". Gotta keep shareholders happy and if that means slashing pensions (among the few that are left) then they will do it.
So the bottom line is that the biggest gamble of all is to just let your money sit and ERODE(cost of living goes up that dollar doesn t get you as much down the road) in a savings account for 20+ years.
- marlenekay4Lv 61 decade ago
Where in the bible does it say gambling is a sin. That is not from God, it is from the churches. Paul said that nothing is off limits to him, but not all things are prudent for him. That means that he can do anything, but that doesn't mean that it is good for him. In Acts, God says "do not call anything uncommon or unclean that I have made clean". The point is that God allows certain things at certain times for some people, and it is ok because it is from God. But there are other times when a person may do it, when it isn't from God, then it isn't ok to do. The trick is discerning what is truly from God and what is not from God at that moment. The churches preach taste not touch not. There is a verse in the bible that says "those who follow touch not and taste not, will perish". This is because it put you under the law. And we, who are true christians, who discern and follow God not the pastors and preachers, are not under their laws.
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- 1 decade ago
no now think about this ur the christian bible or the religion says u can not gamble but u gamble with ur life everyday when u get in a car bus train and even just by stepping out of ur house everyday is a gamble therefore everyone is a sinner in the christian religion
Source(s): used to be christian but converted to paganism cuz i got fed up with it - Steve CLv 61 decade ago
Thought "money was the route of all evil" (no provisos about where the money comes from...)
Greed could be considered a sin
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Partially agree with CJ about the question of focus, but wonder if they realise that the whole point of sin is, that without it there is really no need for Jesus to "save" (indeed all the Abrahamic faiths RELY on sin to justify their "saving" presence) .
Animist (who used to be a Pagan, who used to be an Agnostic!) who thinks if the CONCEPT of sin works for you, then by all means work with the concept. If it doesn't, then don't force the concept upon yourself.(There's plenty of other systems that encourage moral/ethical behavour!) Does seem kind of related to what marlenekay4 says about "that which is prudent" (even though I strongly suspect I don't recognise "God" as being the same kind of thing as they do)
- Anonymous1 decade ago
Its not gambling since you know that your stock is going to fail from the beginning.
- Anonymous1 decade ago
Face it, everything you do is a gamble. When you go to work, you gamble if your ride is a safe one; when you eat, you gamble if it won't give you the runs; when you breathe, you gamble if you won't inhale someone's noxious fart.
When you deal with money, I guess it has more dire consequences because America is materialistic.