"Whenever we are attracted to a big potential payoff, we may want to
pause and think about the probability of actually obtaining the payoff.
Case to point: the grand prize for Singapore’s TOTO Jackpot may offer
millions of dollars, but the odds of winning is an equally daunting 13,983,816 to one."
How much can we lose in betting ToTo in our lifetime by betting for two draws per for 52 weeks per year for 60 years? We probably will lose $XX,XXX in our lifetime.
Can anyone compound $XX,XXX in the stock market to $X,XXX,XXX in their lifetime even they are super lucky in their stock pick?
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.