Trading Places

A recent article in a leading Australian financial newspaper highlighted the confusion between gambling and investing.

An investors club, primarily aimed at educating women in the practical art of investing, was promoting a 6-week virtual investing competition, “aimed at dragging women out of perennial research mode and into markets”.  It involved investing virtual money across 18 global markets, with the winner being the person who was skilful enough to make the most money in that period.

We are disappointed that the experienced journalist used the word “investing” anywhere in the article.

Short term trading is not investing.