Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What is the difference between speculating and investing?
In my opinion the difference is semantic. A professional, or someone wanting to present an air of competence, is more likely to talk about investing in shares, as the word investment carries with it connotations of effort, energy and a worthwhile result. Whereas, the word speculation implies the hope of gain but with the risk of loss.