What Lessons Investors Can Learn From the $1.5-billion Powerball Lottery?

What Lessons Investors Can Learn From the $1.5-billion Powerball Lottery?The U.S. Powerball lottery and its “world record” US$1.5-billion jackpot (or thereabouts) certainly caused quite a stir over the past few days. Even Canadians, apparently, were scrambling to get in on the action, flocking to American border towns to buy tickets. Jeesh. I don’t want to be a party pooper, and 1.5 billion is a lot of shekels, but really, you’d probably have been better off putting the price of…

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The Lottery and your retirement

The Lottery and your retirementDon’t be one of the boneheads counting on the lottery to retire. Here’s why: Your chances of retiring?  Pretty close to 100% (unless, fate forbid, you die before you retire).  Your chances of winning the Lotto Max?  1 in about 29 million.  (Mathematically it’s closer to 1 in 86 million, but because the way the tickets work it’s about 1 in 29 million.)  1 in 29 million is 0.0000034483%. So,…

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