Is Investing in Stocks Any Better Than Gambling?

Desiring God | 1/21/2019 | John Piper
smnth28 (Posted by) Level 3
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We have a follow-up question to episode #1269. In that episode, we talked about fantasy-sports gambling — specifically related to DraftKings and FanDuel — prompting this question from a listener named Preston.

“Hello, Pastor John! I listened to your episode where you discussed your thoughts on sports gambling being sinful. You said the system itself was evil and made the case that $50 contributed to a ‘well-invested stock fund’ could yield a $230,000 future value over many years, and this would be a wiser use of the $50. My question is that, if you invest the $50 into a stock fund instead, aren’t you somewhat subscribing to unknown risk in the same way that you are with educated (not random) sports gambling? This creates the question of, how do we as Christians determine what the appropriate level of risk is with investing our dollar?

Investment - Industry - System - Evil - Way

“Secondly, how can we trust that the investment industry is not also a system of evil in the same way sports gambling is? How can we trust that our dollar returned from an investment has not been earned in a crooked or sinful fashion in the same way a dollar from the sports gambling institution would be?”

Let’s take Preston’s questions one at a time. First, he asks, “If you invest the $50 a week into a stock fund instead, aren’t you somewhat subscribing to unknown to risk in the same way that you are with educated (not random) sports gambling?”

Preston - Risk - Money - Stock - Market

Now if Preston had asked if there is some risk involved in investing money in a stock market or security of some kind, I would have simply said yes. But notice what he actually asked. He asked, “If you invest $50 a week into a stock fund instead, aren’t you somewhat subscribing to unknown risk in the same way...
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