Is stock trading a wrong livelihood?

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Does stock trading count as pursuing gain with gain mentioned as wrong view in MN117?

Sure active stock trading is very destructive, especially nowadays it's like trading the weather, but does it count as pursuing gain with gain even for passive stock traders?

Thanks a mil

right-livelihood

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user14243

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up vote
1
down vote

favorite

Does stock trading count as pursuing gain with gain mentioned as wrong view in MN117?

Sure active stock trading is very destructive, especially nowadays it's like trading the weather, but does it count as pursuing gain with gain even for passive stock traders?

Thanks a mil

right-livelihood

share|improve this question

asked 3 hours ago

user14243

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

add a comment | 

up vote
1
down vote

favorite

up vote
1
down vote

favorite

Does stock trading count as pursuing gain with gain mentioned as wrong view in MN117?

Sure active stock trading is very destructive, especially nowadays it's like trading the weather, but does it count as pursuing gain with gain even for passive stock traders?

Thanks a mil

right-livelihood

share|improve this question

asked 3 hours ago

user14243

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

Does stock trading count as pursuing gain with gain mentioned as wrong view in MN117?

Sure active stock trading is very destructive, especially nowadays it's like trading the weather, but does it count as pursuing gain with gain even for passive stock traders?

Thanks a mil

right-livelihood

right-livelihood

share|improve this question

asked 3 hours ago

user14243

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

share|improve this question

asked 3 hours ago

user14243

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

share|improve this question

share|improve this question

asked 3 hours ago

user14243

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

asked 3 hours ago

user14243

61

asked 3 hours ago

user14243

61

61

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

New contributor

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

user14243 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.

add a comment | 

add a comment | 

1 Answer
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In my humble opinion, "pursuing gain with gain" refers to any purely speculative business activity that involves creating no added value whatsoever.

This is confirmed by Visuddhimagga:

Herein, what is pursuing gain with gain (lābhena lābhaṃ nijigīsanatā)?

It is when one bent on gain/esteem/renown, one of evil wishes, a prey to wishes

carries there goods that have been got from here,

carries here goods that have been got from there,

fishing out material goods by means of material goods,

seeking, searching, looking, hunting, trying, sniffing out.

According to commentary, this describes the process of aggressive deliberate speculation, buying low, selling high, with no other mission than making profit.

According to this, and in my own opinion, stock trading is indeed a wrong livelihood, unless it also has a charity element or is used as a way to fund some other constructive enterprise.

share|improve this answer

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

• 
  
  
  

  
  

  
  
  
  
  
  

  
  And given that a win is someone's loss it is perilously close to gambling.
  – OyaMist
  1 hour ago
  

  
  
  
  


• 
  
  
  

  
  

  
  
  
  
  
  

  
  Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
  – user14243
  1 hour ago
  

  
  
  
  

add a comment | 

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1 Answer
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oldest

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1 Answer
1

active

oldest

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active

oldest

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active

oldest

votes

up vote
2
down vote

In my humble opinion, "pursuing gain with gain" refers to any purely speculative business activity that involves creating no added value whatsoever.

This is confirmed by Visuddhimagga:

Herein, what is pursuing gain with gain (lābhena lābhaṃ nijigīsanatā)?

It is when one bent on gain/esteem/renown, one of evil wishes, a prey to wishes

carries there goods that have been got from here,

carries here goods that have been got from there,

fishing out material goods by means of material goods,

seeking, searching, looking, hunting, trying, sniffing out.

According to commentary, this describes the process of aggressive deliberate speculation, buying low, selling high, with no other mission than making profit.

According to this, and in my own opinion, stock trading is indeed a wrong livelihood, unless it also has a charity element or is used as a way to fund some other constructive enterprise.

share|improve this answer

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

• 
  
  
  

  
  

  
  
  
  
  
  

  
  And given that a win is someone's loss it is perilously close to gambling.
  – OyaMist
  1 hour ago
  

  
  
  
  


• 
  
  
  

  
  

  
  
  
  
  
  

  
  Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
  – user14243
  1 hour ago
  

  
  
  
  

add a comment | 

up vote
2
down vote

In my humble opinion, "pursuing gain with gain" refers to any purely speculative business activity that involves creating no added value whatsoever.

This is confirmed by Visuddhimagga:

Herein, what is pursuing gain with gain (lābhena lābhaṃ nijigīsanatā)?

It is when one bent on gain/esteem/renown, one of evil wishes, a prey to wishes

carries there goods that have been got from here,

carries here goods that have been got from there,

fishing out material goods by means of material goods,

seeking, searching, looking, hunting, trying, sniffing out.

According to commentary, this describes the process of aggressive deliberate speculation, buying low, selling high, with no other mission than making profit.

According to this, and in my own opinion, stock trading is indeed a wrong livelihood, unless it also has a charity element or is used as a way to fund some other constructive enterprise.

share|improve this answer

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

• 
  
  
  

  
  

  
  
  
  
  
  

  
  And given that a win is someone's loss it is perilously close to gambling.
  – OyaMist
  1 hour ago
  

  
  
  
  


• 
  
  
  

  
  

  
  
  
  
  
  

  
  Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
  – user14243
  1 hour ago
  

  
  
  
  

add a comment | 

up vote
2
down vote

up vote
2
down vote

In my humble opinion, "pursuing gain with gain" refers to any purely speculative business activity that involves creating no added value whatsoever.

This is confirmed by Visuddhimagga:

Herein, what is pursuing gain with gain (lābhena lābhaṃ nijigīsanatā)?

It is when one bent on gain/esteem/renown, one of evil wishes, a prey to wishes

carries there goods that have been got from here,

carries here goods that have been got from there,

fishing out material goods by means of material goods,

seeking, searching, looking, hunting, trying, sniffing out.

According to commentary, this describes the process of aggressive deliberate speculation, buying low, selling high, with no other mission than making profit.

According to this, and in my own opinion, stock trading is indeed a wrong livelihood, unless it also has a charity element or is used as a way to fund some other constructive enterprise.

share|improve this answer

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

In my humble opinion, "pursuing gain with gain" refers to any purely speculative business activity that involves creating no added value whatsoever.

This is confirmed by Visuddhimagga:

Herein, what is pursuing gain with gain (lābhena lābhaṃ nijigīsanatā)?

It is when one bent on gain/esteem/renown, one of evil wishes, a prey to wishes

carries there goods that have been got from here,

carries here goods that have been got from there,

fishing out material goods by means of material goods,

seeking, searching, looking, hunting, trying, sniffing out.

According to commentary, this describes the process of aggressive deliberate speculation, buying low, selling high, with no other mission than making profit.

According to this, and in my own opinion, stock trading is indeed a wrong livelihood, unless it also has a charity element or is used as a way to fund some other constructive enterprise.

share|improve this answer

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

share|improve this answer

share|improve this answer

edited 2 hours ago

edited 2 hours ago

edited 2 hours ago

answered 2 hours ago

Andrei Volkov♦

35.9k229104

answered 2 hours ago

Andrei Volkov♦

35.9k229104

answered 2 hours ago

Andrei Volkov♦

35.9k229104

35.9k229104

• 
  
  
  

  
  

  
  
  
  
  
  

  
  And given that a win is someone's loss it is perilously close to gambling.
  – OyaMist
  1 hour ago
  

  
  
  
  


• 
  
  
  

  
  

  
  
  
  
  
  

  
  Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
  – user14243
  1 hour ago
  

  
  
  
  

add a comment | 

• 
  
  
  

  
  

  
  
  
  
  
  

  
  And given that a win is someone's loss it is perilously close to gambling.
  – OyaMist
  1 hour ago
  

  
  
  
  


• 
  
  
  

  
  

  
  
  
  
  
  

  
  Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
  – user14243
  1 hour ago
  

  
  
  
  

And given that a win is someone's loss it is perilously close to gambling.
– OyaMist
1 hour ago

And given that a win is someone's loss it is perilously close to gambling.
– OyaMist
1 hour ago

Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
– user14243
1 hour ago

Thanks for your prompt answer @ Andrei. But what of passive investing? For example, one can own a stock for retirement benefit to secure income when he / she is old? In short all these 401k contributions?
– user14243
1 hour ago

add a comment | 

user14243 is a new contributor. Be nice, and check out our Code of Conduct.

 

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