Jaspreet Singh

And because I feel left out, I am desperate.

And because I'm desperate, now I make stupid decisions because that has happened time and time again.

Whether it's sports betting, whether it's gambling, whether it's buying get-rich-quick schemes, whether it's buying random meme stocks, whether it's day trading, whether it's buying random cryptocurrencies, that's going to be the case.

So that's why I don't think that it's just because of the economy.

I do think the economy has an impact on it.

But now going back to is investing gambling or not, what is the definition of gambling?

Gambling is more likely than not that I'm going to lose, in my opinion.

In the investment world, if you are an actual investor who has a little bit of financial savvy, data shows that if you have a long enough time horizon

you're probably going to win.

All you have to do is own some of the right assets, stocks, real estate.

You can have some speculative assets, own a little bit of gold.

And over time, stocks go up.

Over time, real estate goes up.

Over time, gold goes up.

And we could take a look at any 10 to 15-year period of our economy, and you'll see that trend to be the same.

You just have to hold on.

The problem is we get in thinking investing is a six-month game or a two-year game.

And if that's your mindset, you're probably going to lose.

But when you come in as an investor thinking, I'm going to own what Warren Buffett says, I want to own something for the time period of forever.

And when that's your mindset, if you believe the economy is going to grow, that in 10 years from now, the economy is going to be bigger than it is today.