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I was very careful with my words. I said:

> The punter does not win on average with stocks due to fees and spread.

Literally 100% of my investing is the stock market. I have so much faith in the stock market that I rent because I don't want to waste the opportunity cost on equity in property.

A punter is informal slang for a person who gambles. I buy and hold a diversified portfolio of index funds over decades. I am very much not a punter.

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It seems there is more than one definition of 'punter'. I meant it as 'customer/client'. But other sources define it as 'a person who gambles, places a bet, or makes a risky investment'.

I'm only familiar with the latter definition. My mistake I guess.

>My mistake I guess.

Not really. There just seems to be more than one meaning, and we were each aware of different ones. The meaning might vary by country (I am in the UK).

It was a mistake because I got downvoted by issuing a correct statement (if punter is interpreted as a gambler).

I am from the UK but moved to Australia about 35 years ago

>It was a mistake because I got downvoted by issuing a correct statement (if punter is interpreted as a gambler).

I wouldn't lose any sleep over it.

https://xkcd.com/386/

;o)

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