≈ What’s up, America! ≈
Across America, with Mega Jackbox it’s Mega Millions!
What’s up, America! I am John Crow it’s [insert date] and tonight’s Mega Million jackpot is an estimated annuitize [insert amount]. […] Now let’s see if I can make you a millionaire tonight.
Lottery is an institution. It’s been present in the four corners of this planet since the dawn of greed and hope. Change the country, the address, name, and branding but never the people frolicking around the TV set waiting to be the next millionaire overnight.
The most interesting thing about this worldwide lottery-game culture is not the size of the jackpot or the 1 in 258,890,850 probability of winning, but the fact that EVERYBODY, from the girl in the cashier to the Uber driver, has a thorough plan on what to do with it after becoming a millionaire. More or less, this is it:
- Stop working right away.
- Give money to my [insert here person, friend, relative, pet].
- Buy a big house for [insert here person, friend, relative, pet].
- Buy a [insert here the car/boat/cruising ship model].
- Travel around the world in a 20-year sabbatical.
Have you ever heard something like: “I want to be the next Jeff Bezos and build an empire”?
Their plan, instead, always seems to meander gently through the realms of spending (giving away; buying) and blocking income (stop working). No wonder such stories tend to end similarly: from the finest tablecloth to the cheapest mop cloth overnight.
Being a millionaire overnight is not the problem here. It is how you choose to use time in this case: 100 years at 10 mph or 10 years at 100 mph. It’s up to you.
Thought of the day: Avoid the lottery mentality.
Chart of the Day
If You Had Invested In Amazon’s IPO…
This chart shows how an investment of $180 in Amazon’s IPO in 1997 has developed over the years.
(Source: statista.com)
Video of the day
Jeff Bezos first interview (1997)
Interviewer: “Where did you get an idea for Amazon.com?”
Traders Lounge 11 PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club 8:30 PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Financial freedom is a journey
The Tackle Today series is brought to you by Tackle Trading.
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
# Sign up now for a 15-DAY FREE TRIAL #
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
