Comments on: Did Powerball tickets beat the S&P last year? http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/ Personal finance, commentary, and spending less the easy way Tue, 16 Mar 2010 01:31:31 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: David @ PYF http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-171232 David @ PYF Sat, 14 Feb 2009 22:26:38 +0000 http://www.mightybargainhunter.com/?p=1410#comment-171232 Most people I know don't play the lottery because they think they'll get rich...they're just in love with the idea that they could get rich from it. It's the attraction to fantasy that gets them. Most people I know don’t play the lottery because they think they’ll get rich…they’re just in love with the idea that they could get rich from it. It’s the attraction to fantasy that gets them.

]]> By: Hot Pack Secrets http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-171206 Hot Pack Secrets Sat, 14 Feb 2009 16:07:42 +0000 http://www.mightybargainhunter.com/?p=1410#comment-171206 Wow great job on all this data. Lottery tickets are for people who are really bad at math. Most of the time the stockmarket makes money over the long haul. Wow great job on all this data. Lottery tickets are for people who are really bad at math. Most of the time the stockmarket makes money over the long haul.

]]> By: Sandy http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-171121 Sandy Fri, 13 Feb 2009 13:31:55 +0000 http://www.mightybargainhunter.com/?p=1410#comment-171121 Can't beat savings accounts/CD's that don't eat the principal and you are guaranteed a return in these hard times. Of course, not a bad time to buy a few shares at depressed rates on quality companies either! Can’t beat savings accounts/CD’s that don’t eat the principal and you are guaranteed a return in these hard times. Of course, not a bad time to buy a few shares at depressed rates on quality companies either!

]]> By: NJ http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-171069 NJ Fri, 13 Feb 2009 02:22:47 +0000 http://www.mightybargainhunter.com/?p=1410#comment-171069 the lottery is a hard game to win.. but often it is a better bet then casinos <a href="http://bankfinancerate.com" rel="nofollow">good post</a> the lottery is a hard game to win.. but often it is a better bet then casinos
good post

]]> By: thomas http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170995 thomas Thu, 12 Feb 2009 07:08:35 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170995 I love craps! So far it's the one table game I've actually won at AND had fun. I always say I'll play the lottery if it hits $100m, but never do. I bet even more will be playing due to the economy, further reducing your potential winnings. It sure would be nice to win though. I love craps! So far it’s the one table game I’ve actually won at AND had fun.

I always say I’ll play the lottery if it hits $100m, but never do. I bet even more will be playing due to the economy, further reducing your potential winnings.

It sure would be nice to win though.

]]> By: Fred http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170956 Fred Wed, 11 Feb 2009 20:33:02 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170956 If you were to play the lottery only when the pot exceeds $50 MM or something like that, the payout would look a little better, but then you run the additional risk of having multiple winners splitting the prize. Personally, I'd rather take my 401K to Las Vegas and play craps with it. If you were to play the lottery only when the pot exceeds $50 MM or something like that, the payout would look a little better, but then you run the additional risk of having multiple winners splitting the prize.

Personally, I’d rather take my 401K to Las Vegas and play craps with it.

]]> By: Dave http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170953 Dave Wed, 11 Feb 2009 20:23:20 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170953 I've actually been playing the lottery pretty regularly for the past 6 months or so out of sheer boredom at work. Unlike most people who play the lotto, I've been keeping a detailed spreadsheet recording all activity. To summarize, I've spent roughly $300 on lotto tickets and I've recouped 64% of it. The ROI falls to lower than your estimate if you take out the one time I won $150. I’ve actually been playing the lottery pretty regularly for the past 6 months or so out of sheer boredom at work. Unlike most people who play the lotto, I’ve been keeping a detailed spreadsheet recording all activity. To summarize, I’ve spent roughly $300 on lotto tickets and I’ve recouped 64% of it. The ROI falls to lower than your estimate if you take out the one time I won $150.

]]> By: Best CSS Gallery http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170921 Best CSS Gallery Wed, 11 Feb 2009 08:29:04 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170921 Great post! I played lottery few times in past but now I just do not have time for that. Great post! I played lottery few times in past but now I just do not have time for that.

]]> By: thomas http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170824 thomas Tue, 10 Feb 2009 04:10:56 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170824 I love the lottery. I just wish the money made by the states actually went to what they claimed they would and not pet projects. Keep paying my taxes dumb people! I love the lottery. I just wish the money made by the states actually went to what they claimed they would and not pet projects. Keep paying my taxes dumb people!

]]> By: David http://www.mightybargainhunter.com/2009/02/09/your-retirement-planning-should-not-involve-powerbal/comment-page-1/#comment-170804 David Mon, 09 Feb 2009 22:58:30 +0000 http://www.mightybargainhunter.com/?p=1410#comment-170804 I view the lottery as a tax on people who don't understand math. Where I live, it's the people who can least afford such poor odds that play the lottery the most! I view the lottery as a tax on people who don’t understand math. Where I live, it’s the people who can least afford such poor odds that play the lottery the most!

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