If you were given $100,000 to invest over the course of a year what do you think would give a better return, sports betting or investing in stocks,funds or putting the 100K into a small business?The only condition would be that you have to make your own investment and handicapping decisions without help from experts.What do you think is the better option?
If you were given $100,000 to invest over the course of a year what do you think would give a better return, sports betting or investing in stocks,funds or putting the 100K into a small business?The only condition would be that you have to make your own investment and handicapping decisions without help from experts.What do you think is the better option?
For the average Joe - 100% absolutely positively investing in something like mutual funds, or even a CD at the bank.
There is no way that an "average Joe" is going to make money sportsbetting. No way, no chance.
Van: I would only agree if the requirement stipulates that you have to be gambling/investing on a daily basis, or a minimum of 50 or so transactions
It would be very easy for even an "average Joe" to get lucky and go 1 for 1 for about $30 grand on the Super Bowl or something. That 30% return would easily beat the return from investing. I would think it would be much more difficult but certainly possible to get lucky over the course of a year with a series of bets as well.
Now if you had to do this over 10 years instead of 1, totally different story.
For the average Joe - 100% absolutely positively investing in something like mutual funds, or even a CD at the bank.
There is no way that an "average Joe" is going to make money sportsbetting. No way, no chance.
Van: I would only agree if the requirement stipulates that you have to be gambling/investing on a daily basis, or a minimum of 50 or so transactions
It would be very easy for even an "average Joe" to get lucky and go 1 for 1 for about $30 grand on the Super Bowl or something. That 30% return would easily beat the return from investing. I would think it would be much more difficult but certainly possible to get lucky over the course of a year with a series of bets as well.
Now if you had to do this over 10 years instead of 1, totally different story.
It's fair to say that a lot of novice or square bettors would lose a large portion of the $100K due to poor money management and impulse betting but if you are an experienced handicapper and very good at managing your bankroll do you think you could get a better return than on stocks or funds?
It's fair to say that a lot of novice or square bettors would lose a large portion of the $100K due to poor money management and impulse betting but if you are an experienced handicapper and very good at managing your bankroll do you think you could get a better return than on stocks or funds?
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
$100,000 is enough cash to do just about anything. I would not rely on the banks shitty investment rate returns nor my shitty knowledge beating the lines makers.
There a lot of things you can do with that cash, almost anything you would want short term and long term.
The smartest thing would be to use that money at your strengths.
-for me, that would be open a business and turn it into a million.
then, when I lose $100,000 tailing Vanzack's "expert" picks, i'll be ok cause I still have my business and the money grubbing person that came with it
$100,000 is enough cash to do just about anything. I would not rely on the banks shitty investment rate returns nor my shitty knowledge beating the lines makers.
There a lot of things you can do with that cash, almost anything you would want short term and long term.
The smartest thing would be to use that money at your strengths.
-for me, that would be open a business and turn it into a million.
then, when I lose $100,000 tailing Vanzack's "expert" picks, i'll be ok cause I still have my business and the money grubbing person that came with it
I would "invest" it in realesate and buy a cheap $80-90k property and either live in it with $10-20 in maintence, taxes, etc and then sell it and get the money back and live rent free...
But since I already own a home, I would gamble every penny...
I would "invest" it in realesate and buy a cheap $80-90k property and either live in it with $10-20 in maintence, taxes, etc and then sell it and get the money back and live rent free...
But since I already own a home, I would gamble every penny...
Has anybody lost big on the stock market over the past couple of years or lost money in a small business investment?
You have a better chance winning money betting sports than you do making money in a small business in the first year. First of all, if this is a startup, you have all the initial costs, and you won't recoup those for years. If it is an existing business, it better be a successful one, and then there needs to be a reason for the investment. You have to ask yourself, what successful business would want to give ownership away rather than use their own funds, or via a bank. Either way, you can't really do much in a year with a 100K small business. Optimately, you would need 3-5 years to do something good.
Has anybody lost big on the stock market over the past couple of years or lost money in a small business investment?
You have a better chance winning money betting sports than you do making money in a small business in the first year. First of all, if this is a startup, you have all the initial costs, and you won't recoup those for years. If it is an existing business, it better be a successful one, and then there needs to be a reason for the investment. You have to ask yourself, what successful business would want to give ownership away rather than use their own funds, or via a bank. Either way, you can't really do much in a year with a 100K small business. Optimately, you would need 3-5 years to do something good.
My old boss lost up to half a million in 18 months in a hotel he took over and he used to criticse me for gambling on sports even though I showed him I was making a modest profit
My old boss lost up to half a million in 18 months in a hotel he took over and he used to criticse me for gambling on sports even though I showed him I was making a modest profit
If I had a 100k bank roll to start the year, that would give me enough cushion to bet 1-2k per game & be calm & rational. I would have at least 400k at the end of a 12 month period. Because I cap, football, basketball, & baseball year around. HANDICAPP, HANDS DOWN!!!!!!!!!!
If I had a 100k bank roll to start the year, that would give me enough cushion to bet 1-2k per game & be calm & rational. I would have at least 400k at the end of a 12 month period. Because I cap, football, basketball, & baseball year around. HANDICAPP, HANDS DOWN!!!!!!!!!!
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
My grandmas the same way. She will not let my dad or my uncles help her out even tho they all did very well. Guess it has something to do with the great depression.
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
My grandmas the same way. She will not let my dad or my uncles help her out even tho they all did very well. Guess it has something to do with the great depression.
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
good stuff my friend. how shitty would you feel remembering your gram eating bologna sandwiches knowing you just lost 10 grand of her money. Not what Id expect on covers but you get a pat on the back.
Had an Aunt pass away two years ago. She was a great Aunt and like a second Mom. She lived liked she was dirt poor her whole life. Never spent a nickel for a vacation..hardly bought even any food. She would get a pound of bologna and a loaf of bread and make it last a week and a half. Well, when she passed I expected to get a few family airlooms, which was fine with me. She left 150K to me and 150K to my sister. I never understood how someone that HAS money can live like they are living below the poverty line? Anyways, 80% towards stocks/investments, 15% Mortgage, 5% Misc./other bills, 0% towards gambling. I am a degenerate as much as the next, but I told myself I would NOT take any of my Aunt's savings and put towards betting. She lived on dirt to give her family this gift. I was not about to blow it on a Polamalu TD called back in the final minutes of a game.
Also, 5K at the end of each year put into a Roth IRA, is an awesome way to go. Non taxable baby.
good stuff my friend. how shitty would you feel remembering your gram eating bologna sandwiches knowing you just lost 10 grand of her money. Not what Id expect on covers but you get a pat on the back.
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