3 ms·

If you follow that logic every day and end up buying 1,000 tickets you are out $2,000 and you don't win powerball. Market results routinely outperform lottery t

• vineyardmike 4y ago
  Not what I’m saying and I’m not saying you should buy lottery tickets as an investment. The best-case scenario on $2 in lotto tickets is 100M. (Or whatever the jackpot is). Announced a few days after purchase. The worst case is 0. Announced a few days after purchase. Best case scenario for equity is… 2x? 5x? 20 years later? Worst case is 0, not time bound. The potential return per dollar for a $2 spent is better in lottery. The actual return when accounting for likelihood is different. $2 in the market will never make you a millionaire. But there is a non-zero chance in the lottery. It’s a very low chance the ticket isn’t worth $0 but it’s a chance that’s greater than 0.
  • skmurphy 4y ago
    I am at a loss as to what you are recommending as a course of action.
    • vineyardmike 4y ago
      Nothing. Maybe buy a lotto ticket every few months if you have a couple spare dollars floating around? I’m simply trying to say that that the upside of lotto tickets are way higher than many other activities. It’s almost certainly a bad “investment” strategy. But if you only have $2 then you’re not going to improve your life in the stock market under any conditions but with “luck” a lotto ticket can improve your life.
    • jrm4 4y ago
      Even better, put a small amount in your best guess at long-shot crypto, especially now. A small amount.