/biz/ - Business & Finance

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Idiot tax Anonymous Fri Sep 23 18:24:28 2022 No.51596506 [Reply] [Original]

I spend £10 per week on National Lottery instant win games. What should I do with this money instead for a reasonable return? I can maybe up it to £20 a week or spend £80 a month in one go if that’s more sensible.

>>	Anonymous Fri Sep 23 18:25:47 2022 No.51596538 >>51596506 >log into vanguard >put a tenner into global all cap >be richer than literally everyone around you because nobody invests.

>>	Anonymous Fri Sep 23 18:26:36 2022 No.51596564 >>51596506 kys

>>	Anonymous Fri Sep 23 18:27:44 2022 No.51596593 >>51596564 I’m trying to break out of my stupid habit anon, cut me some slack.

>>	Anonymous Fri Sep 23 18:34:51 2022 No.51596797 >>51596593 just stop playing

>>	Anonymous Fri Sep 23 18:36:47 2022 No.51596847 >>51596797 I intend to, but I would quite like to put the money to some use as I have been able to afford it all these years without missing it. I could just put it in a savings account but I was curious if /biz/ had any better suggestions.

>>	Anonymous Fri Sep 23 18:37:48 2022 No.51596871 >>51596538 Fuck your mother

>>	Anonymous Fri Sep 23 18:39:11 2022 No.51596908 >>51596506 Donate it instead. Test the theory that the more you give away the more it comes back to you.

>>	Anonymous Fri Sep 23 18:40:45 2022 No.51596957 >>51596847 Learn TA and try out futures trading? At least you will have a chance to actually make money. https://youtube.com/playlist?list=PLfCnGhe7H-F4N14yKNiyJp2ZrVO6fTFAD

>>	Anonymous Fri Sep 23 18:52:54 2022 No.51597273 >>51596957 Thanks for the video link, I’ll look into that.

Anonymous Fri Sep 23 18:56:58 2022 No.51597380

>>51596506
Premium Bonds, obviously.

https://www.nsandi.com/products/premium-bonds

Essentials at a glance

What are the odds of winning?
24,500 to 1 (for every £1 Bond)
What's the interest rate?
1.40% (annual prize fund rate)
Will you pay tax?
No. All prizes are tax-free.
What's the min. to pay in?
£25
What's the max. to pay in?
£50,000

>>	Anonymous Fri Sep 23 18:58:13 2022 No.51597414 >>51596957 >Learn TA and try out futures trading? At least you will have a chance to actually make money. and lose it all? no thanks. he's going to buy Premium Bonds as i advised him.

>>	Anonymous Fri Sep 23 19:04:17 2022 No.51597539 >>51596847 Yeah, save up 100 and then short with 30x leverage every month and pray you get it right.

>>	Anonymous Fri Sep 23 19:08:24 2022 No.51597651 >>51597380 Thanks anon, that sounds like a hassle free way to save and I get my gambling fix too. With interest rates so crap on savings accounts not earning interest isn’t that big a deal.

Anonymous Fri Sep 23 19:22:05 2022 No.51598001

If you just want a gambling fix, buy some highly leveraged instrument. For example right now you could buy a call option for SPY to reach $378 by the end of trading on Monday for $12.
Here's the option chain, note the "Bid" column needs to be multiplied by 100:
https://finance.yahoo.com/quote/SPY/options?date=1664150400
Options have better average outcomes than the lottery, but its still gambling so uhh dont let it make your addiction worse.

>>	Anonymous Fri Sep 23 19:23:41 2022 No.51598044 >>51598001 Probably a little too much risk. I would actually like to save. Premium bonds sounds ideal. Thanks for the suggestion though.

>>	Anonymous Fri Sep 23 19:24:00 2022 No.51598055 >>51596506 PCA £40 a month into BTC and just forget about it

>>	Anonymous Fri Sep 23 19:24:37 2022 No.51598074 >>51598044 >a little too much risk 90% of the time you lose everything you put in, same as the lottery ticket good call

>>	Anonymous Fri Sep 23 21:26:44 2022 No.51600395 >>51598044 >too much risk >lose your investment 100% of the time on the lottery theres a reason people like you are worthless niggers. kill yourself.

>>	Anonymous Fri Sep 23 21:36:13 2022 No.51600547 >>51596538 Redpill me on this shit please

>>	Anonymous Fri Sep 23 21:37:42 2022 No.51600565 >>51597380 >>51597651 It's only worth it if you put in near max amount There's a 75% chance to get the minimum win (£25) if you put in 50k

>>	Anonymous Fri Sep 23 21:38:05 2022 No.51600573 Just buy crypto with it, especially now

>>	Anonymous Fri Sep 23 22:00:56 2022 No.51600952 >>51600547 Index funds nigga its not rocket science >buy one stonk vs >buy many stonks with one purchase

>>	Anonymous Fri Sep 23 22:28:32 2022 No.51601360 File: 9 KB, 225x225, images (1).jpg [View same] [iqdb] [saucenao] [google] >>51598055 I'd prefer alts like Geeq that address practical problems are welcome in my book. I can't afford BTC right now as it's pricey.

>>	Anonymous Fri Sep 23 22:33:15 2022 No.51601429 >>51600395 I made this thread because I want to stop “losing my investment”. Learn to read.

>>	Anonymous Sat Sep 24 01:03:02 2022 No.51603608 >>51601360 It should come as no surprise that the organizations will stick with them and use their product if they can offer a superior solution imo.

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