Do you invest in any gaming industry stocks or mutual funds?

Gambling is a risky investment. I have not enough money to go for gambling. I like to make prudent investment. Investment in mutual fund is more prudent than that of the gambling. I have invested in several mutual funds, including ICB First Mutual Fund, Aims First Mutual Fund, EBL Second Mutual Fund enlisted in our local exchange market (Dhaka Stock Exchange). Investments in these have provided me return of 15% on average. I am highly satisfied with this return.

 

There is a thriving gaming industry in major urban areas and the transactions run into millions and even billions of dollars. I generally give a wide berth to games or investments of chance since the odds are staggered against the gambler cum investor. The regular jackpots that one hears from these lotteries represent a tiny slice of the pie with regard to the bottomlin of casinos and lottery owners.

 

I don't. I think to invest in these sorts of options is just to kind of bargain against the consumer. It is just one of the things I would not really be interested in investing in. It is just one of the ways that people get screwed. It is kind of a business that has its unsavory aspects. I mean some people might feel comfortable investing in the gambling industry but I wouldn't be one of them. There are other things to invest in in my opinion that I would feel more comfortable with.

 

I've been tempted to invest in a local casino group over here in Vancouver and would have made a decent return if I did. They've been seeing a lot of success mostly in relation to foreign money coming in from Chinese immigrants and tourists. Admittedly, there's speculation of some sort of money laundering scheme going on, which as you know often takes place in casinos. I was a bit unsure of how that may impact things in the grand scheme, especially if there was any attempt at a crackdown.

Overall though, I don't know the sector well enough to invest. However, it does prey upon the greed and addictive personalities of people so I can see how it could be worthwhile.

 

I've just opened a mutual fund account. I chose an equity fund. The fund that I joined in didn't include gaming in their prospectus. As to the stocks, mine are mostly of companies with interest in the power sector, banking, and consumer sector. I have no special reason, but I'm kind of hesitant to get positions from the gaming sector. My siblings though have gotten positions. Their experiences were good, but they only hold the positions in the short-term as they immediately sell when they see a bit of profit.