To stay current with all that’s happening in the financial world and beyond, I do quite a bit of reading. Here are a few items I came across this past week I thought were worth sharing.[Read more…] about 3 interesting things I saw this week
In February of 1992, an Australian syndicate of 2,500 ‘investors’ attempted to win the Virginia Lottery by buying every number combination. The jackpot had grown to $27 million and while that seems like peanuts compared to an ordinary Powerball or Mega Millions jackpot, back then it was the largest potential payout the state had ever seen.
To the Aussies, it seemed like a good risk because the odds of winning were only 1 in 7,000,000. As long as there were less than 4 winning tickets, they’d make a profit and if they wound up with the only winning ticket, they would almost quadruple their money. [Read more…] about Is the Stock Market a Lottery?
With the election tomorrow, I thought it would be timely to look at whether the stock market does better with a Republican or a Democrat in the Oval Office. It would be rational to assume that the stock market would perform better with a Republican since they are thought to be more business friendly. A recent survey by Fidelity found that 74% of investors think that which party controls the government has an effect on stock market returns.