I am curious as to this forum's perspective on gambling and the stock market and if the two are equivalent. I realize the stock market favors the rich and pilfers the little guy, but is it a sin to try to invest? Is investing any different from gambling? I'm not trying to be pedantic or throw out there a "gotcha" but am curious how others here see this since we have a blend of Christianity here.
I don’t think either are immoral in and of themselves, but like everything else it’s situation dependent. I don’t see how playing poker with your buddies is a sin, unless you are also engaging in other vices and that’s where the issue with gambling occurs.
Casinos in general can be sad places, because outside of a very select few games like poker, blackjack, and wagering on sports, you are guaranteed to lose money over the long haul. With a negative mathematical expectation, even if you are losing a dollar or loose change on every bet, you will inevitably lose. Then there are the associated vices like substance abuse and prostitution which are rampant in these places. They don’t call Vegas sin city for nothing. So spending a lot of time there is bad for your salvation.
I used to play poker when I was younger, and I didn’t see it as immoral. The way I saw it was I was playing a game and the other participants were making a choice to play in that game. Now if they were addicts (some were) you can argue they weren’t consciously making that choice, but I wasn’t forcing them play or make certain bets. It’s technically gambling, but really it’s a game of incomplete information, that uses cards as devices. If over thousands of hours a player makes plays with an edge he will win, if he doesn’t he will lose. What happens minute to minute or hour to hour means very little.
The stock market is similar and outside of actively investing in companies that are killing people or making the world worse, I don’t see how it can be a sin or immoral as a participant. If someone is an elite using their power to subjugate and destroy the masses, then I can see how it is a sin.
There are nuances to this, am I committing a sin if I own some large fund that has say Meta in it because social media is a bad influence? Maybe, but probably not. In that case everybody in corporate America with a 401k is damned, which is a ridiculous notion.
Ideally, you’d like to invest in full on Christian companies, but even these aren’t a lock since many have been usurped.
These are my opinions, but for a better explanation of whether it’s a sin or not, it’s best to consult with a priest.