Securing your future through the lottery
Gambling is NOT a viable retirement strategy. It’s a stupid tax, much like a sin tax on liquor and cigarettes. It taxes dumb people for their own stupidity and ignorance about statistics. I should know, I play the lottery.
I only buy tickets every once in a while when the lottery jackpot is really big, even though my chances of winning are the same on any day. Everyone out there does realize that YOUR CHANCES OF WINNING ARE VERY SLIM, RIGHT? I only play because it fulfills a fantasy of mine to win. You’ll never win if you don’t play.
Boston Gal’s tips for accumulating money are excellent and I highly recommend them. My favorite?
Today Is Always a Good Day To Start [Saving]
I’m a big believer in Camp New Day’s Eve at Burning Man. Their premise is that you don’t have to wait until the New Year to live life to its fullest. I interpret that as not waiting to start changing yourself. You can start when the new day begins at midnight, or when you wake up. Every day is a New Day. Heck, like Boston Gal says, Today is a good day too.
Anonymous wrote:
Hey MG-
Playing the stock market is a form of gambling - you have to admit that.
I’ve found that rather than try to win at the lottery, I can win with the right stock-
SGMS is one of 2 companies (the other is Gtech) that run state lotteries, create scratch tickets, etc and SGMS is up $10 per share from when I bought it last year at 20. Closed above 30 yesterday. I win! Recession proof, everyone is alwasys buying lotto!
-Fibonacci
Posted on 18-Jan-06 at 10:15 am | Permalink
mapgirl wrote:
It’s nice that you want to profit off of other’s people stupidity. I don’t think it’s as ‘recession proof’ as you think it is. I’m sure it has dips and peaks like any other stock.
Posted on 18-Jan-06 at 4:18 pm | Permalink
franky wrote:
Hey Mapgirl,
I agree with you that many people subscribe to the thought that “6 just has to show up because it hasn’t in a while”. It belies there ignorance about statistics and probability.
Fibonacci-Anon,
“playing the stock market” is a type of gambling. Investing in the stock market is not however. Unless you think that investing in broad index funds is “gambling” on the economy of the US
Posted on 19-Jan-06 at 6:44 am | Permalink