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What is the volume on lotto tickets vs the stock market. Are you really telling me that someone who spends $2 per week (or whatever your lotto price is) on lott
by robjan 7y ago
What is the volume on lotto tickets vs the stock market. Are you really telling me that someone who spends $2 per week (or whatever your lotto price is) on lotto tickets could afford to create a balanced stock portfolio or even buy one stock? Buy ETFs? The buy in price for SPY is US$329. By the time you saved up enough $2/week to buy one unit of that stock it's already too expensive.
- manigandham 7y agoRobinhood lets you buy for $1 so yes you can start by investing that little. And $2/week from age 18 to 65 will give you $100k by just following the S&P. If you can buy lotto tickets then you can invest, and if you're buying lotto tickets then you're probably wasting other money too.
- robjan 7y agoPlease tell me what extrapolation you are basing this on? Even if you dump all the money into SP500 today and backtest that I can't get close to your figures unless I backtest against the recent bull market only.
- manigandham 7y agoAverage annualized return rate for S&P is about 10%. $8/month x 47 years @ 10% = 100k roughly. Try this: https://www.daveramsey.com/smartvestor/investment-calculator https://www.daveramsey.com/smartvestor/investment-calculator
- deleted 7y ago[deleted]