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One-Quarter of Investors Gamble on Stocks

Since we are holding our annual Investor Conference in Las Vegas starting tomorrow, this week’s Sentiment Survey special question asked AAII members what they most like to gamble on. Slightly more than a fourth of all respondents (26%) say they gamble on stocks, particularly technology stocks. Approximately 23% say they don’t gamble. Blackjack is listed by 9% of respondents, followed by the lottery and table games (poker, roulette and craps) at 6% each. Slightly more than 4% say slot machines.

Here is a sampling of the responses:

  • “I don’t gamble. I always like the odds on my side.”
  • “I like to devote a small portion of my stocks (2% to 3%) and gamble on a stock that has the potential to really change things in its industry.”
  • “Mega Millions and Powerball lotteries when jackpot exceeds $250 million.”
  • “In Las Vegas, slots and roulette (though they are probably the two best games for the house).”
  • “Living another year!”

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