5 ms·

I play every once in awhile, when the jackpot gets to be large enough they start talking about it on TV. The $10 or $20 I spend is well worth daydreaming about

I play every once in awhile, when the jackpot gets to be large enough they start talking about it on TV. The $10 or $20 I spend is well worth daydreaming about the things I would if I won.

InitialLastName 9y ago
Buy index funds and live off the proceeds?
- goatforce5 9y ago
  Why not both?
- chowells 9y ago
  I don't know about you, but I can't live off the proceeds from $10 in index funds. Not even if repeated 100 times.
  - ZephyrP 9y ago
    The general principle here is right, but I was kind of curious about exactly what your gains would be. I curled the last 90 days from http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer.html http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer... and if you selected the largest percentage gainer every day for the past 100 days, given you started with $10, you'd have about 828 million after 90 days. (It's worth noting however with 2,800 stocks on the NYSE, that 2800^100 is much longer odds than winning the lottery. Actually, your odds of selected the very highest percentage stock gainer three days in a row are lower than your odds of winning the powerball, assuming such a thing is random). Unrelated, this has really been a winning quarter for logistics and trucking companies!
    - kamaal 9y ago
      >>if you selected the largest percentage gainer every day for the past 100 days, given you started with $10, you'd have about 828 million after 90 days. This is lottery by very definition.
    - thaumasiotes 9y ago
      > if you selected the largest percentage gainer every day for the past 100 days This is exactly the opposite of the concept of an index fund.
  - InitialLastName 9y ago
    I was talking about the daydreaming of what to with the winnings. I must be uncreative with my consumption.
    - chowells 9y ago
      Oh. I totally misread your post as advocating putting the money into an index fund instead of buying lottery tickets. Actually, retiring on the winnings is pretty much what I'd do, too. Though I'd want to diversify holdings over more asset classes than just index funds. When you just want to coast on passive income, it's fair to say even index funds are too risky to put everything in.

I play every once in awhile, when the jackpot gets to be large enough they start talking about it on TV. The $10 or $20 I spend is well worth daydreaming about the things I would if I won.

InitialLastName 9y ago

Buy index funds and live off the proceeds?

goatforce5 9y ago
Why not both?
chowells 9y ago
I don't know about you, but I can't live off the proceeds from $10 in index funds. Not even if repeated 100 times.
- ZephyrP 9y ago
  The general principle here is right, but I was kind of curious about exactly what your gains would be. I curled the last 90 days from http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer.html http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer... and if you selected the largest percentage gainer every day for the past 100 days, given you started with $10, you'd have about 828 million after 90 days. (It's worth noting however with 2,800 stocks on the NYSE, that 2800^100 is much longer odds than winning the lottery. Actually, your odds of selected the very highest percentage stock gainer three days in a row are lower than your odds of winning the powerball, assuming such a thing is random). Unrelated, this has really been a winning quarter for logistics and trucking companies!
  - kamaal 9y ago
    >>if you selected the largest percentage gainer every day for the past 100 days, given you started with $10, you'd have about 828 million after 90 days. This is lottery by very definition.
  - thaumasiotes 9y ago
    > if you selected the largest percentage gainer every day for the past 100 days This is exactly the opposite of the concept of an index fund.
- InitialLastName 9y ago
  I was talking about the daydreaming of what to with the winnings. I must be uncreative with my consumption.
  - chowells 9y ago
    Oh. I totally misread your post as advocating putting the money into an index fund instead of buying lottery tickets. Actually, retiring on the winnings is pretty much what I'd do, too. Though I'd want to diversify holdings over more asset classes than just index funds. When you just want to coast on passive income, it's fair to say even index funds are too risky to put everything in.