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The Lottery as Your Retirement Plan

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Dreaming about winning the big Mega Millions or Powerball jackpot? Before you buy several lottery tickets, consider this bit of guidance from AAII president John Bajkowski:

Lottery Financial Success

There is a 93% chance of losing everything you spend on Mega Million tickets and a 96% change of losing everything you spend on Powerball tickets.

If you want to build wealth, a disciplined, long-term approach to stock picking is a far better way to go about doing so than hoping to win the big lottery jackpot. We have over 60 stock screens that can help you find investment candidates, as well as two model portfolios.

 

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