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Re: The guy who won the Mega Millions last night: 

By: micro in 6TH POPE | Recommend this post (1)
Thu, 10 Aug 23 8:20 PM | 39 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 44929 of 58625
(This msg. is a reply to 44925 by Decomposed)
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De

I have spent a total of Zero dollars and cents on lottery tickets in my lifetime. I wonder if I added up all my savings I wonder what that would be? On the other hand, I am guaranteed to earn a minimum of 6% on my invested monies
per annum and that has made a substantial contribution to my portfolio for retirement. I still don't draw any retirement money because we have no need to. At some point I will be forced to begin. The six percent represents the minimum I can make even in down market years. I get the higher of six percent or whatever the investments yielded.

The lottery is great if ya happens to be one of the lucky ones to actually win. I don't believe I would ever win and so I just invested as much as I could into my retirement vehicles.

If I were to die Miz micro would be a wealthy widow.




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The above is a reply to the following message:
Re: The guy who won the Mega Millions last night:
By: Decomposed in 6TH POPE
Thu, 10 Aug 23 6:00 PM 		Msg. 44925 of 58625

CTJ:

Re: “Here is the New Hampshire State’s announcement of the repeal of the gambling tax. ”Thanks! The next time I play the suckers' lottery (which I only do if the pot is above $1 billion), I'll keep it in mind.

BTW, have any of you noticed that billion-dollar lotteries have become more common? They changed the rules to make winning less likely but big jackpots more likely. Between Powerball and Mega Millions, I bet there will be a billion dollar drawing every three or four months from now on.

With Mega Millions, they also implemented something called the "Megaplier." If you select it, you multiply your NON-JACKPOT winnings by a randomly selected 2, 3, 4 or 5 times. 3 is the most likely. The Megaplier has no effect on jackpots and costs $1.This is a particularly devious scam to extract more money from people. Most of us who play occasionally don't read all the rules and don't understand how the Megaplier works or that it's an unnecessary expense if all you're shooting for is the jackpot. It won't multiply 'THE BIG ONE.'

The best that the Megaplier can do is to turn a $1 million second place prize into a $5 million second place prize. Personally, I'd rather buy two $2 tickets that both have a chance for $1.5 billion than a single $3 ticket that gives a lesser chance at $1.5 billion and a greater chance at $5 million.

And you're not going to win anyway, so you may as well just blow less money on a single $2 ticket and have approximately the same amount of fun.

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