It seems there is a disagreement on is it oK for the problem gambler to invest,
nI found a small handbook “Problem Gamblers and Their Finances – A Guide for Treatment Professionals”
nI encourage you all to read it, it is a bit old 20 years ago or so but still valid even for my type of trading addiction.
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nI am quoting from the 43rd page :
n”Pros and Cons of the Gambler as Investor:
nBecause of the financial risk, the addictive nature,
nand the easy access to markets these days, some
nexperts believe problem gamblers should never
ninvest. They view the stock market as a breeding
nground for problem gambling and the New York
nStock Exchange and the NASDAQ as the largest
ncasinos in the world.
nOther gambling experts, and most financial
nadvisors, disagree. They argue that investing, like
nsaving for a vacation or a car, gives gamblers a
npositive focus for their money. It teaches them to
nonce again value money. Perhaps more important,
nthey argue, investing has become a financial
nnecessity for most households todaygambling
nhouseholds included. Achieving such goals as a
ncomfortable retirement, sending children to college,
nstarting a business, or meeting other major financial
ngoals usually can be accomplished realistically only
nthrough a sound investment program.
nA person doesnt stop eating just because they
nhave an eating disorder, and gamblers shouldnt
nstop investing just because they are addicted to risk.
nMost problem gamblers who have abstained from
ngambling for a while, and who ideally are in recovery
nprograms, should be able to invest as long as the
ninvesting program is reasonable, argue proponents.”
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nI am leaning toward the optimistic side where I can invest if it is done in a reasonable way. but keeping in mind all the risks involved with it.
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