Possible Reasons To Play The Lottery by
John MacKenzie
For every bad decision there are usually at least a couple of
good reasons why the decisions was made. Adults with ADD can be
easily swayed to make a bad impulsive financial decision. If you
are making a big financial decision you need to give yourself
the time to thoroughly research what you are buying or agreeing
to so that you know both the positive and negative aspects of
your investment.
Playing the lottery on a regular basis is a bad financial
strategy. Statistically you will get a negative return for the
money that you invest in playing the lottery. However if you
just focused on these three reasons you might be inclined to
make the lottery part of your investing portfolio.
1. If you are skilled enough to invest in the next Microsoft or
Yahoo you might get a hundred times what you had originally
invested. With the Lottery you have the potential to get a
million or more times your original investment. Although the
odds are slim that you will win, no other investment opportunity
has the potential to dramatically change your life like the
lottery can.
2. The lottery should be used as a one-time investment strategy,
if you invest enough money in certain lottery games with lots of
small cash prizes, you have a good chance at some point of
making more money than you had originally invested. The reason
why the lottery is such a bad investment is that people do not
have the ability to stop once they are winning money. If you
simply stop spending money once you are ahead you will make a
good one time return.
3. Investing in the Lottery is simple. You do not have to worry
about paying fees, research, ordering or regular tracking. For
most lotteries you will find out what your return is within a
couple of days.
The Lottery is a simple fun way to invest excess funds with a
chance at a large return on your investment. The Lottery should
be included as an important part of your high risk investment
portfolio.
It can be dangerous for many Adults with ADD to even start
playing the lottery on a regular basis because they are more
inclined to develop a gambling addiction. The lottery should not
be used by anyone as part of an "investment strategy".
About the Author
John MacKenzie is the
Assistant Director of ADDCLASSES.COM,
he also writes a blog titled Adult
ADD and Money.
