It has recently come to light that the Rebbe frowned upon investing in stocks.
In recent media interviews with various wealthy Lubavitchers and supporters of Lubavitch, the Rebbe’s repeated insistence not to put money into stocks has come to the fore.
Real estate mogul Sholom Ber Drizin of Crown Heights told COLlive.com he once received an answer from the Rebbe on the matter in which the word “never” was emphasized twice.
And this week, COLlive.com learned from Kfar Chabad Rabbi Mordechai Ashkenazi how, 40 years ago, Rabbi Shmaryahu Gurary (the Rashag) had a yechidus with the Rebbe and this issue has been discussed.
“I don’t hold of it,” the Rebbe said about stocks, according to Rabbi Ashkenazi.
“They want to drag me in but I don’t hold of it. None of the Rebbeim, including my father-in-law, saw a siman brachah (=positive sign) in stocks, except the Rebbe Maharash who did see success in stocks that he had personally purchased without a broker.”
• Rebbe Predicted Market Crash
• Drizin: No Stock Market for Me
Dear Readers, First off, I don’t know why I am commenting when previous commentators have made such completely inaccurate conclusions to this article. Maybe to enlighten others, I don’t know, but a little reading comprehension folks. Anyways, I feel the article is going in a direction of responsible and irresponsible investing in addition to the spiritual aspect of stocks. To quote the Rebbe in this article, he said “I don’t hold of it”, he does not say that it is either good or bad, gambling or “tref”. Just that he does not hold of it. Lets have a philosophically consistent… Read more »
Don’t put a טרף stamp on the stock market. there is a “gamble” to anything you do in life including every type of business! no matter what you do in business you are taking some risk and that is the gamble association.
in real gamble there is no value to what you are gamble on and there is nothing you buy that is the reason it is considered גזל stock market is exactly what is is a market that sell you shares of businesses with potential income from every share.
Investing in the stock market is not gambling at all. It’s a business deal the same way real estate is
is gambling actualy against halacha or does it just disqualify you from being a kosher “ayd”
I love the way all these people are speaking up now, as if they’re smarter than everyone that has been making money for years in the stock market. So, it’s hit a recession. Does that make it wrong? In another couple years when stocks skyrocket once again, are these same people going to give their smart advice? It’s interesting how they, or the Chabad web sites at least, have implicated the Rebbe in all of this. Perhaps the Rebbe advised some people to put their money elsewhere, but he never said that buying stocks, a fundamental business practice, is wrong.… Read more »
hashem has his ways of making someone rich. It can be through real estate or stocks. So the Rebbe’s answer is selective and does not reffer to everyone – as you can see that the Rebbe Maharash did make it in stocks
I personally dont think its ok to invest in stocks being that halachically you cant gamble and i see it as one in the same thing.
Why now in hind sight everybody comes out with this!!! I remember very well how i was told that the rebbe told everybody to invest in Gutnik!! so what was that??? So who are we to believe???? the botom line is that we can’t if it was true and a sound advise it should have been the moto of every chabad chosid to never ever touch the market. but it wasn’t …… til now I want to know Why I don’t need you to publish this if you think its offensive but is you can ask someone to give an… Read more »
Why do people think they can make easy money?
Easy comes easy goes!