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How many times do you think we’re asked that question? Any guesses? Want to bet on it? (Just kidding; we’re not the gambling type!)
Let’s just say we’ve heard it more than a few times. But before we say “of course it’s not!” in our best banker voice, let’s talk about why this idea gets tossed around in the first place.
What is gambling, anyway?
Gambling, in essence, is all about chance. With some games, like Blackjack, the odds of winning are nearly even between a player and a dealer. In others, like roulette, the odds might be very much stacked against the player, but there’s a reward-to-risk payoff that could mean a hefty return (or a hefty loss, of course) for the player.
Some of that sounds a bit like investing, right? Risk. Reward. Return. But does that mean investing is the same as gambling?
Investing style makes the difference
It really depends on how you invest.
Some approaches blur the line. Your friend invests in the latest fad making headlines, or your cousin’s best friend “knows a guy” who shared a hot stock tip – both might be considered gambling-like if an investment idea hasn’t been well researched.
At RBC InvestEase, we don’t leave investing to chance.
By asking a few simple online questions upfront, we’ll build you a portfolioLegal Disclaimer 1 of low-cost exchange-traded funds (ETFs) designed to help you achieve your investment goals without taking on more risk than you’re comfortable with. We’ve also got an automatic rebalancing system that lets our investment professionals know when it’s time to buy or sell investments to keep our clients’ portfolios on track. Best of all, those investment professionals are real, live people who are ready to provide clients with support and advice as needed.
Why would you ever play games with your investments? At RBC InvestEase, you don’t have to leave things to chance.
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