The lottery is risk taking with possible rewards. Not much different than the stock market......are you opposed to that too?
Buying a lottery ticket in your crazed mind equates to the stock market? It’s people like you who have turned investing into gambling. The stock market was NEVER intended as a substitute for the horse races, neither was real estate but the pervs in America turned these long term investments all into 24-hour lotteries. IGNORAMUS.
I once spent an entire weekend working through
amortization tables, probability statistics, and taxation consequences
of “Winning The Lottery”
Including all lesser payouts
The Best ROI was -2%, but generally much worse at -~50%
Who in their right mind would invest in an instrument with a
negative return of investment?
“...The lottery is risk taking with possible rewards. Not much different than the stock market......are you opposed to that too?...”
To each his own. Both the lottery and the market are just about the same caliber these days. However, thousands, if not millions, of other folks indulge in their favorite vices every day. IF that’s what they want to do, that’s their business. But the lottery, stock market, homosexuality, liberalism, prostitution, golf, tennis, and a host of other obama-related activities etc., I personally just shy away from. However, IF obama hates it, I usually like to get right in the middle of it: huntin’ fishin’, shootin’, drillin’ for oil, family, traditional marriage, Christianity, etc. We may not have much money, but we make it the old-fashoned way: we work for it and earned every penny of it. :) Again, to each his own, but ya not gonna take it with ya. Haven’t seen a hearse pulling a U-haul yet (I’m sure someone will have a pic though....LOL)
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Does the stock market have only one winner?