Playing the lottery
Americans spent over $80 billion dollars on lottery tickets in 2016. The average person spends about $700 a year in lottery tickets. The few dollars that spend every day, week or month adds up in the long term.
The odds winning a major jackpot lottery is about 1 in 292 million — unless the prizes grows, then many more casual players join in and the odds get far worse. Your odds at winning a few bucks aren’t much better. You odds now of winning $5 or less is about 1 in 92.
You should also keep in mind that your statistical futility in winning a jackpot lottery is being purposely kept from you. State lotteries are legally exempt from FTC mandated truth in advertising laws. Such laws mandate that TV advertising claims must be truthful, not misleading to consumers and bolstered by scientific proof. In fact, state lottery advertisements on TV were illegal until 1975.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.