Jack Bogle, founder of The Vanguard Group in Malvern, Pennsylvania, famously said, “The stock market is a giant distraction from the business of investing.” Put simply, in the long run, investors make money by owning profitable companies. It isn’t the trading from one company to another that pays off. In fact, on average, trading yields zero return before trading costs and a negative return after those costs. (Do those odds sound familiar?)

In both gambling and investing, one saying does hold true: “The croupier always gets his cut.” Whether you’re doing the investment work yourself or paying someone else via an actively managed mutual fund, managed stock account, or hedge fund, investment costs—which might include commissions, spreads, management fees, and capital gains taxes (if done in a taxable account)—reduce the value of your investment. You can minimize the “cut” by making as few trips through the casino as possible. Trading, even just to rebalance your portfolio, is akin to an extra trip. Ideally, you would take only one round trip, meaning you would buy as you save and invest throughout your career, then sell to pay your living expenses in retirement. With a low-cost, broadly diversified liquid investment like an index fund or exchange-traded fund—available from companies like Vanguard, Fidelity, Charles Schwab, or iShares—the cost of holding an investment is very small. Essentially, you can ignore it.

Many people today seize on this idea that “investing is gambling,” and instead of putting their hard-earned money into rational investments that will provide for them when they can no longer work, they spend it on pricey designer watches and luxury vehicles. “Beats losing it in Vegas or on Wall Street,” they claim. However, they could have invested those funds and avoided the “market casino” altogether by minimizing higher-risk investments such as options and day trades and putting some of that Tesla money into nonstock investments over which they would have significant control, such as bonds, certificates of deposit, real estate, and small business investments.

The bottom line is that good investing is boring investing. It isn’t meant to be entertainment. With casinos closed and vacations canceled due to the coronavirus pandemic, it’s understandable that many people have turned their attention to the trading of stocks and other assets. However, just because the markets can be used as a casino does not change the fact that investing and gambling are completely different activities. If you invest wisely, save regularly, diversify broadly, and keep investment costs low, you’ll be able to reach reasonable financial goals. For most of us, that means having the time to focus on our patients, family, and own wellness without the burden of financial worries. You may find yourself in a better position to help others and even occasionally indulge in a luxury or two. You don’t have to gamble to do that.