Is dealing in shares in the stock market against the principle of no gambling?

From: ShivamSaraogi

Is dealing in shares in stock market against the regulative principle of “No Gambling”? What if someone invests in shares (a) for long-term financial security and (b) speculative gains?

Transcript

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Question from Shri Ram Sarogi Prabhu Is dealing in shares in stock market against the principle of no gambling? What if someone invests in shares for long term financial security and speculative gains? Answer as a profession if somebody is a stock broker that profession is not against the regular principles of devotional service you have to understand that ultimately the spirit is important so in gambling the whole idea is without doing any work just by playing one wants to earn a lot of money so that fuels greed so the whole basis of the prohibition against gambling is that without any money just by the stroke of luck something that triggers the imagination fuels the greed one hopes to earn money so that is what is primarily to be guarded against so there are many devotees who are stock brokers and they are initiated practicing Krishna Consciousness very well and they have been in the stock market for years together so especially long term financial security is concerned if somebody invests in shares that is not at all against the regular principles for speculative gains also when somebody is in the stock market, somebody is a broker then actually that person has to invest and remove and has to be on the alert so in and of itself that is not wrong but when one goes into that without any scruples and makes that as a complete obsession and doesn’t take adequate precautions to ensure that one is protecting oneself from greed and a hyper stimulated imagination then one is likely to break the regular principles this is not in the black and white area, this is in the grey area in general the whole principle is that when one gets involved in something without doing any efforts and hoping for results hoping for results that is essentially gambling so some kind of stock shares where one invests for just extremely short period and keeps taking out and putting back again and taking out putting back again in different places and one’s whole consciousness gets focused on that obsessed in that and that is towards the side of breaking of the regular principles but overall as long as one is cautious and one is protecting oneself from the mentality of quick gains without any efforts then this is not overall considered to be a breaking of the regular