 Investing in gold and silver? |
| i wanna start investing in something so i thought the safest bet would be to start with gold and silver. is this a good choice? are there any other good investment options for begginers to make a ... |
|
 What are the reasons why people invest? |
| Not the basic reason, that people want an economic gain. Or they just want to get money, but more detailed answers and reasons. Like for example, they want financial security. But please as I say ... |
|
 Monthly income from investment? |
| I want to invest to get a fixed monthly income.What could be the best option?Do mutual funds help me or any fix deposits.... |
|
 Is the Stock market closing up or down today? |
| Give your predictions for Dow, S&P & Nasdaq........ |
|
 I want to save for retirement but do not know how? |
| I am in my late 20s and I hear so many people say get an IRA, 401k, try saving with your bank through mutual funds, or CDs but what do I do? I just started a new job and they offer nothing. My last ... |
|
 Please help, OK I have NO clue about investing however, I NEED to start.? |
| I have 15k, I want to turn it into 20 with in a year, how can I do this? Also, once the goal is achieved how should I invest?? I'm so dumb with money at this point what should I do?... |
|
 I have a extra $20,000 cash doing nothing? |
| I work at a local McDonalds flipping burgers for a living and have saved up $20,000 cash. I dont need the money at this time as I get by good enough on the $6.43 a hour my employer pays me. My ... |
|
 Ok i'm 18 never been in stocks but where should i go? |
| ok i want to get involved in stocks i really don't know that much about them but what if i put $50 dollars just starting on macys the clothing company will it go up and how much will i get back ... |
|
 Best way to invest $250K? |
| Keep in mind, this question is not purely concieved from curiousity. I am a reasonably young man - under 21, and I am currently a student attempting to acheive my BS in Business Admin. I have no ... |
|
 Can anyone tell me if there are any good sites for free stock trading without a minimum to start an account?? |
| i just want to start learning how to play the market and play with some penny stocks to get started and would like to know if there is a site that will let me do that without having to invest at ... |
|
|  |
mystery t | Money to make money - Lottery odds? |
Have you thought of the following
Okay, the winning odd is 14 million to 1 in winning lottery.
How often does it have more than 2 winners? If you have 14 million dollars, you will have a sure win situation, just buy all the tickets. Plus, the jack pot will be more afterward, and you may get 2nd/3rd prize as well
Of course, there is a chance of sharing your fortune with others. but that is a win win situtation.. what do you think if you are a rich person.... (NO need to invest on stock and bonds) |
 |
 
butterflyaht1
|
WOW never thought of that why don't you do that and tell us how that works out for you. |
|
IT Pro
 |
Assuming your figures are correct, the only problem I see is you would need to buy all the tickets before anyone else buy any. |
|
domme me
 |
The odds are stacked against you. The situation is statistically probable, but that doesnt mean it is a sure fire guarantee. |
|
Twsti07
 |
i'm not sure the lotto is much of an investment. it's more of a tax on people who are bad at math. but, if you really want to dump 14 million into it and have a slim chance of at least breaking even, then more power to you. i of course would just buy 14 million dollars in classic cars. i'm a car guy and into the buying and resale aspects of the hobby as well. enjoy 'em for a couple years and if you bought them right and sold them right, you might walk away with 20 mil. it's hard to lose money on cars that appreciate in value over time. my charger, for example, bought it for 29 grand a year and a half ago, similar cars with similar options are stretching into the 50-60 thousand dollar range. that's where i'd put my money, not in chance dealings. |
|
howardrourke
 |
Typical lottery payout is $.50 on the dollar. The odds are stacked against you no matter how much money you have. |
|
Rick
|
okay for that to work not only do you have to be the only winner but about 60% of lottery winnings get taxed and if you take a lump sum it is normally only half of the jackpot, I.E. 120 million if you take in annually, only about $65 million if you take a lump sum
so not a great investment |
|
Hesse
|
I do not think that the prize is 14 million. The price of the ticket * the odds to win has to be more than the value of the prize. Otherwise it's a loosing business for the lottery company, regardless if one person buys the tickets, or if all the tickets are purchased by different individuals. |
|
Matt M
|
I thought I read a story in Frank Partnoy's book "Infectious Greed" about a actual person who tried to do this by using a complex statistical model he routinely spent tens of thousands on lottery tickets and did have some winnings but he eventually went broke after a year or so because there is still luck involved and he just became unlucky. The point about the taxes is very important, you won't really bring home the full amount and most lotteries pay in an annuity (yearly or monthly payments for 20 years) so it is harder to access the money.
Partnoy's book also mentions that due to the way the stock market works and the odds of any stock going up or down in value if you did just a very small amount of research and picked 24 or more stocks from at least 3 different industry groups then statistically you have an almost guaranteed chance to either break even or make money while even if you invested thousands in the lottery you still have only vague chances of winning and once the numbers are drawn your tickets are worthless. Even if your stocks go down a little they are still worth something and there is always a chance the value could go back up. |
|
Irish Eyes
 |
To ensure a win, you can't buy "all the tickets", you must buy each and every combination possible (a heck of lot more than 14 million). Only when the lottery reaches a high enough figure does it make any since (it never has by the way, especially when you consider the cash payout is less than 50%). |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 38 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
9 | 3 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
