fellow Aviators, Powerball now at $675Million
01-09-2016, 11:19 PM
#33
Banned
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Joined APC: Nov 2015
Posts: 45
Well shy guy, you have to be in it to win it so yea, I'm a fool for playing a game for 2 bucks. Even though the chances of winning as I stated earlier are astronomically low, you must play to win. I don't think it will have been a bad investment for those who win the jackpot. I'm not poor but even if I was I would still try to scrape $2 to play a game. Even if one doesn't win, it still makes one happy day dreaming and I think those positive thoughts day dreaming are worth the price you would pay for a cup of coffee.
01-12-2016, 10:37 AM
#34
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
Isn't that a gambler's motto? Gotta be in it to win it. To each his own I suppose. Personally I'd rather take that $2 and invest in a good retirement fund. That $2 is worth a lot more in 35 years than blowing it away on a 1/300 million chance at some lottery.
If you are making decent money and decide to buy just one ticket for the hell of it, I suppose it's fine just for the hell of it. But don't think for a second you stand a chance of winning. The real victims are people who are barely making any money, who can't even afford to spend the $10 on lottery tickets, but do so anyway and buy 5 tickets hoping to hit it one day big time. It's this segment of society that the lottery hurts the most.
If you are making decent money and decide to buy just one ticket for the hell of it, I suppose it's fine just for the hell of it. But don't think for a second you stand a chance of winning. The real victims are people who are barely making any money, who can't even afford to spend the $10 on lottery tickets, but do so anyway and buy 5 tickets hoping to hit it one day big time. It's this segment of society that the lottery hurts the most.
01-12-2016, 11:25 AM
#36
Gets Weekends Off
Joined APC: Jul 2011
Position: CA
Posts: 1,027
Originally Posted by ShyGuy
Isn't that a gambler's motto? Gotta be in it to win it. To each his own I suppose. Personally I'd rather take that $2 and invest in a good retirement fund. That $2 is worth a lot more in 35 years than blowing it away on a 1/300 million chance at some lottery.
If you are making decent money and decide to buy just one ticket for the hell of it, I suppose it's fine just for the hell of it. But don't think for a second you stand a chance of winning. The real victims are people who are barely making any money, who can't even afford to spend the $10 on lottery tickets, but do so anyway and buy 5 tickets hoping to hit it one day big time. It's this segment of society that the lottery hurts the most.
If you are making decent money and decide to buy just one ticket for the hell of it, I suppose it's fine just for the hell of it. But don't think for a second you stand a chance of winning. The real victims are people who are barely making any money, who can't even afford to spend the $10 on lottery tickets, but do so anyway and buy 5 tickets hoping to hit it one day big time. It's this segment of society that the lottery hurts the most.
01-13-2016, 12:20 PM
#37
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
The numbers are mind-bottling.
$200,000,000 x .02 = $4M per year in interest income
And that's just $200M placed 100% into Treasuries that pay just 2%. This jackpot will single pay-out a LOT more than that.
$800M x.02 = $16M per year in interest income (call it $8M/yr after taxes)
Can you say "variable annuities"??
Hello, sweetheart...(sigh)...
$200,000,000 x .02 = $4M per year in interest income
And that's just $200M placed 100% into Treasuries that pay just 2%. This jackpot will single pay-out a LOT more than that.
$800M x.02 = $16M per year in interest income (call it $8M/yr after taxes)
Can you say "variable annuities"??
Hello, sweetheart...(sigh)...
01-13-2016, 01:24 PM
#38
Gets Weekends Off
Joined APC: Apr 2008
Position: Sleeping in the black swan’s nest.
Posts: 5,709
Originally Posted by SayAlt
The numbers are mind-bottling.
$200,000,000 x .02 = $4M per year in interest income
And that's just $200M placed 100% into Treasuries that pay just 2%. This jackpot will single pay-out a LOT more than that.
$800M x.02 = $16M per year in interest income (call it $8M/yr after taxes)
Can you say "variable annuities"??
Hello, sweetheart...(sigh)...
$200,000,000 x .02 = $4M per year in interest income
And that's just $200M placed 100% into Treasuries that pay just 2%. This jackpot will single pay-out a LOT more than that.
$800M x.02 = $16M per year in interest income (call it $8M/yr after taxes)
Can you say "variable annuities"??
Hello, sweetheart...(sigh)...
01-13-2016, 03:19 PM
#40
Gets Weekends Off
Joined APC: Sep 2013
Position: Left
Posts: 636
I'll make it easier for you guys, I'm out. I've never bought a lottery ticket in my life, no need to start now.
Most of us would love the challenge of absorbing wads of $$$ and making it work. That appeals to me also.
Most of us would love the challenge of absorbing wads of $$$ and making it work. That appeals to me also.
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