Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs?
This comment got me wondering.
Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery?
Were the MIT Blackjack Team gambling or investing?
Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?
I don’t disagree with the general point of, “there’s no guarantee”. But I think you can make an argument that taking the safest course available to you is not gambling.
When talking about longer time frames you have to account for inflation, holding on to your money instead of investing it is a risk in itself, which makes this entire conversation about semantics.