i got 10k to bet....

Quote Originally Posted by cd329:

Quote Originally Posted by ATLSHARP: @cd329 I thought your advice was good.  $10K invested in a fund like FSCSX over 25 years would yield just over $450,000.00 (based on FSCSX’s historical performance since 1985). And 30 years would pump that up to: $975,000+.   Compounding effect on money is real.  Time and patience is all you need.    AS   glad to see 1 person understands this. Pissing away 10k on one game and asking people on forums who to bet is a recipe for disaster. In 7 days, it will mark 46 years doing this shit and everyday i wish fellow gamblers would have gave me that advice, cause had i taken all the money i used on gambling and invested, i would have more money then i would know what to do with. When your young, we all want the fast buck, myself included. Someday all these young bettors will wake up 1 day and realize they wasted their lives away on gambling chasing a get rich idae, they actually could have had if they invested the majority of their gambling money. Atlsharp, we can only lead the horses to water, we can make them drink. Gamblers paying all that VIG on bets for years, is compound interest in reverse lolllll.  The power of compound interest is unreal.

Quote Originally Posted by ArtSchlichterJr:

Quote Originally Posted by cd329: Quote Originally Posted by ATLSHARP: @cd329 I thought your advice was good.  $10K invested in a fund like FSCSX over 25 years would yield just over $450,000.00 (based on FSCSX’s historical performance since 1985). And 30 years would pump that up to: $975,000+.   Compounding effect on money is real.  Time and patience is all you need.    AS   glad to see 1 person understands this. Pissing away 10k on one game and asking people on forums who to bet is a recipe for disaster. In 7 days, it will mark 46 years doing this shit and everyday i wish fellow gamblers would have gave me that advice, cause had i taken all the money i used on gambling and invested, i would have more money then i would know what to do with. When your young, we all want the fast buck, myself included. Someday all these young bettors will wake up 1 day and realize they wasted their lives away on gambling chasing a get rich idae, they actually could have had if they invested the majority of their gambling money. Atlsharp, we can only lead the horses to water, we can make them drink. Gamblers paying all that VIG on bets for years, is compound interest in reverse lolllll.  The power of compound interest is unreal. Do not get me wrong long term investment is of course a better investment then gambling... Not splitting the atom there... BUT when you are young spend every penny you have till your in your 30's and start a family only young once plenty of time to make it later on.. Only young once and trust me the so called  "golden years" are what us old people tell each other so we can sleep at night....Spent every cent I made when young traveling the world skiing and chasing women do not regret a minute of it.. Buckled down later in life and retired to a comfortable but not lavish life but hey I have no interest in skiing the Alps now at my age or chasing 70 year old skirts.. Glad I spent it when the heart was young..

Quote Originally Posted by cd329:

Quote Originally Posted by ArtSchlichterJr: Quote Originally Posted by cd329: Quote Originally Posted by ATLSHARP: @cd329 I thought your advice was good.  $10K invested in a fund like FSCSX over 25 years would yield just over $450,000.00 (based on FSCSX’s historical performance since 1985). And 30 years would pump that up to: $975,000+.   Compounding effect on money is real.  Time and patience is all you need.    AS   glad to see 1 person understands this. Pissing away 10k on one game and asking people on forums who to bet is a recipe for disaster. In 7 days, it will mark 46 years doing this shit and everyday i wish fellow gamblers would have gave me that advice, cause had i taken all the money i used on gambling and invested, i would have more money then i would know what to do with. When your young, we all want the fast buck, myself included. Someday all these young bettors will wake up 1 day and realize they wasted their lives away on gambling chasing a get rich idae, they actually could have had if they invested the majority of their gambling money. Atlsharp, we can only lead the horses to water, we can make them drink. Gamblers paying all that VIG on bets for years, is compound interest in reverse lolllll.  The power of compound interest is unreal. Do not get me wrong long term investment is of course a better investment then gambling... Not splitting the atom there... BUT when you are young spend every penny you have till your in your 30's and start a family only young once plenty of time to make it later on.. Only young once and trust me the so called  "golden years" are what us old people tell each other so we can sleep at night....Spent every cent I made when young traveling the world skiing and chasing women do not regret a minute of it.. Buckled down later in life and retired to a comfortable but not lavish life but hey I have no interest in skiing the Alps now at my age or chasing 70 year old skirts.. Glad I spent it when the heart was young.. My point was more about not having 10k and throwing it all on one bet and asking people on a forum what to bet.  Thats pure waste.