What investments would you recommend?xiongmao wrote: ↑February 25th, 2015, 9:41 pmThe lottery is a complete waste of money. More people should do what I've been doing over the last 10 years, which is to put every spare penny into 5-25% paying investments. All those $2's do add up - my investment income now pays my mortgage. And I've done this on an average salary.
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I've got two questions. One is, does this investment involve owning the horse or being the bookie?
Otherwise, if you earn 25%, how much do you lose? I'd imagine you could win 25%, but how much do you lose the other days of the week?
Certain types of minds can handle card counting in Vegas with a system that gives a 3% advantage at black jack, which makes sense mathematically after so many iterations, but I hear those people tend to get kicked out. I wouldn't encourage any of this kind of activity. The risks are still high.
If you ask me; not worth...
Betting on the horses but you need to some proper research before doing it for real in the form of paper trading
Just say you wagered $1000 over a period of time, $250 would be your target if the system you paper traded previously had yielded 25%. The downside to this is that you can't predict your losing runs. It's never consistent but it should balance out eventually so long as you paper traded long enough and your stake remains the same.
25%+ is very difficult to achieve with horses but it is possible. 15% to 20% is more realistic. 5% to 10% is certainly achievable. You have to be disciplined and patient to be successful though. Otherwise you could be in real trouble.
There are other ways to skin a cat such as compounding but that's another story.