Gambling in Stocks Is Risky Business

Part of the fun of investing is betting on the “next big thing.” Who doesn't want to discover the next Amazon, Netflix or Tesla?

dice gambling photo
(Image credit: Getty Images)

I’m not surprised at the stock market’s recent rockiness. After a straight-up ascent that took market benchmarks to all-time highs—following the shortest bear market on record—the market has again logged some harrowing down days. Among the surest signs that stocks might be due for a reckoning is a surge in speculation that has mirrored the market’s spectacular rise since late March.

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.