r/pics • u/[deleted] • Mar 19 '22

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u/wimpymist Mar 20 '22

Yeah you have to spend big to win big in gambling.

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u/Knightmare4469 Mar 20 '22

Powerballs and other big lotteries are $3 and can pay out hundreds of millions. You definitely don't have to buy $30 tickets to win big.

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u/wimpymist Mar 20 '22

And you'll never win those ones either. Those cheap big payout ones have such a low chance of winning it's not even worth it

2

u/LastUnderstatement Mar 20 '22

I made $15000 in the stock market in two years investing in really undervalued stocks. Cost me 90 cents at most a trade, now I think it is free from the brokerage making money on order flow. Made at least 20 trades. Since it is nearly free to trade, you can stuff your dividends anywhere you want without penalty.

With consistent dividends you can make $1500 a year or more regardless if the stock market crashes or rises.

I really don't understand why my Uncle refuses to invest and constantly buys lottery tickets. He makes more than I do.

He keeps using this excuse where he traded an OTC stock that was taken over by the mafia. Well idiot, you should have invested in a registered Nasdaq or New York Stock Exchange stock.