To: grundle
the lottery is a game where those who don't play have essentially the same odds of winning as those who do -- none. Yep. If only people would tke a dollar a day and invest it beginning at age 20. By age 60 they'd automatically have a 100% chance of a very large payoff.
6 posted on
02/15/2006 7:19:11 AM PST by
1Old Pro
To: 1Old Pro
Yep. If only people would tke a dollar a day and invest it beginning at age 20. By age 60 they'd automatically have a 100% chance of a very large payoff. Invest it how? Enron? Global Crossing? Google? Too risky? Invested at passbook savings rates your $14,600 over 40 years likely will lose to inflation. But I'm no mathmagician.
22 posted on
02/15/2006 7:27:00 AM PST by
WideGlide
(That light at the end of the tunnel might be a muzzle flash.)
To: 1Old Pro
Curious-
What are the odds of being dead by age 60 and unable to enjoy that windfall?
37 posted on
02/15/2006 7:32:03 AM PST by
Muzzle_em
("Mayor Nagin, what about those buses?")
To: 1Old Pro
My son was given a formula like that when he was in high school by one of his favorite teachers. The great thing is my son actually listened to part of it and has a retirement fund started. He's 23. Uh, his mom and dad were not near that smart :)
190 posted on
02/17/2006 10:39:37 PM PST by
Cate
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