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same can be said for investing in lotteries. Also more upside, and if you're lucky, well that's all you need. So why not put 90% of your money into index funds
by yibg 6y ago
same can be said for investing in lotteries. Also more upside, and if you're lucky, well that's all you need. So why not put 90% of your money into index funds and use the remaining 10% to buy lottery tickets?
- WA 6y agoBecause the chance for return is so small with lottery tickets. Futhermore: Most people don't need $50 million but rather 50k-500k. It makes sense to pick a bet with better odds. 10% in a stock that has a 50% chance of better performance than the SPX? Sounds reasonable. Or an event-driven trade where you do a short-term bet on a thing. These opportunities don't come very often, but once in a while, they do. Why not expose yourself to them?