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  1. Guest

    Sikhs And The Lottery?

    I'm pretty sure playing the lottery would be against sikh principles and values as it is essentially gambling (putting money down to get more money). Casinos and stuff are clearly frowned upon and not the right setting for any practicing Sikh. What about the stock market? If I buy 100 shares of Apple, I am essentially putting money down and buying a product (a lottery ticket equivalent). I'm hopeful the stock will increase and I will make money sitting doing nothing while the shares rise and later sell them and make a profit. The same way, buying a lottery (buy 100 stocks) and hoping to win the $50 million jackpot (rise in shares). The only difference perhaps is that essentially you do get a product when buying the shares, but this argument is invalidated if the market collapses or the shares decrease and you lose your initial investment. This is the same principle as you buying a lottery ticket and not winning. $5 stock (or a lottomax ticket) = didn't win = same as buying blackberry stocks 4 months ago and losing all your money. What about “honest living” and earning all your money? If I physically work hard for 8 hours and make my money versus I save up money for 5 years and buy a property that pays me rent, I’m essentially doing nothing and making my profits by sitting on a chair. The same way, I could save up my money and buy lottery tickets or buy stocks. Would then working in a stock market environment also be considered bad and incompatible with being Sikhs? I sense not and then why is buying lottery tickets considered bad? Casino's I consider a different issue really because of the setting and addiction. But buying a lottery ticket or stocks, something that we could do in a grocery store or gas station and online, why is it suddenly incompatible? Shares can be bought by logging into my banks website and a lottery ticket by going to my local gas station/convenient store. Not like the environment or setting is a bad thing. What are your opinions?
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