Long-term, this is always the best strategy. He also made me tell him ahead of time how much of my money I was willing to lose. To bet these winnings would be a violation of my original position. Of course the stock market is more complicated than paramutual betting, but many of the building blocks are the same. AMTD is a great company with a great future, but it's not obviously under-rated.
Money is money, whether brought to the table or won.
I even told them my little parable about Dad and the horse track. The result - I've been soundly voted down on almost every occasion and we maintain close to our original holdings. The Motley Fool. All rights reserved.