Mixing
Is stock trading a wrong livelihood?
Clash Royale CLAN TAG#URR8PPP
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
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 |Â
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
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 |Â
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
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
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
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
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 |Â
add a comment |Â
1 Answer
1
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 (lÄÂbhena lÄÂbhaṃ nijigÄ«sanatÄÂ)?
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.
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 |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
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 (lÄÂbhena lÄÂbhaṃ nijigÄ«sanatÄÂ)?
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.
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 |Â
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 (lÄÂbhena lÄÂbhaṃ nijigÄ«sanatÄÂ)?
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.
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 |Â
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 (lÄÂbhena lÄÂbhaṃ nijigÄ«sanatÄÂ)?
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.
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 (lÄÂbhena lÄÂbhaṃ nijigÄ«sanatÄÂ)?
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.
answered 2 hours ago
Andrei Volkov♦
35.9k229104
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 |Â
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 |Â
user14243 is a new contributor. Be nice, and check out our Code of Conduct.
user14243 is a new contributor. Be nice, and check out our Code of Conduct.
user14243 is a new contributor. Be nice, and check out our Code of Conduct.
user14243 is a new contributor. Be nice, and check out our Code of Conduct.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fbuddhism.stackexchange.com%2fquestions%2f29550%2fis-stock-trading-a-wrong-livelihood%23new-answer', 'question_page');
);
Post as a guest
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
