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Ask Pastor John

Is Investing in Stocks Any Better Than Gambling?

Ask Pastor John

Desiring God

John Piper, Unknown, 163859, Pastor, Ask, Theology, Desiring God, Religion & Spirituality/christianity, Christianity, Religion & Spirituality, Questions

4.83.8K Ratings

🗓️ 21 January 2019

⏱️ 8 minutes

🧾️ Download transcript

Summary

Wherever we put our money, we are accepting risk. So is there any difference between educated sports gambling and investing in stocks?

Transcript

Click on a timestamp to play from that location

0:00.0

Well, we have a follow-up question to episode 1269.

0:07.4

In that episode, we talked about fantasy sports gambling, specifically related to draft

0:12.3

kings and fandual, prompting this question from a listener named Preston.

0:16.7

Hello, Pastor John.

0:17.7

I listened to your episode where you discussed your thoughts on sports gambling being sinful.

0:22.8

You said the system itself was evil, and made the case that $50 contributed to a well-invested

0:27.9

stock fund could yield a $230,000 future value over many years.

0:34.1

And this would be a wiser use of the $50.

0:36.7

My question is that if you invest the $50 into a stock fund instead, aren't you somewhat

0:42.2

subscribing to unknown risk in the same way that you are with educated, not random, sports

0:48.6

gambling?

0:50.1

This creates the question of how do we as Christians determine what the appropriate level of risk

0:55.0

is with investing our dollar?

0:57.1

Secondly, how can we trust that the investment industry is not also a system of evil in

1:01.5

the same way sports gambling is?

1:04.0

How can we trust that our dollar returned from an investment has not been earned in a

1:08.4

crooked or sinful fashion in the same way a dollar from the sports gambling institution

1:13.5

would be?

1:14.5

Pastor John, what would you say to Preston?

1:16.5

Let's take Preston's two questions one at a time.

1:19.2

First, he asks, if you invest the $50 a week into a stock fund instead, are you going

1:26.9

to argue somewhat subscribing to unknown risk in the same way that you are with an educated

...

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