As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

Currently; it about 54% to destination!

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Thursday, 17 December 2009

Lottery: Buying ToTo? Evil Of Gambling?

The Evils Of Gambling?

Gambling is an important service industry in the economy and generate many job opportunities, and they are also big sponsors in sport and charity events. Indirectly, gamblers are helping out in good causes in a small way through "small sacrifices".
Addictive or compulsive gambling is evil and not gambling itself. Anything that you got yourself  addicted is evil or just bad, e.g. addicted to womanizing, drinking, gaming, etc.

I know one guy got addicted to running marathon, everyday running 2-3 hour on weekdays, and on weekends running 4-6 hours on the road. Even on Chinsese New Year, he also runs. One day, I jokingly told him that even animal like Horses also don't run that many hours.

I only buy ToTo. What so evil about buying ToTo? It is probably burning away less than 20 bucks a month to buy a nice Dream of firing your Boss.

If I can save a total of $240 per year by not buying ToTo, can anyone recommend me which counter to buy? DigiLand?

If you save a few bucks a month by not buying ToTo, I can guarantee you that you will never be a Millionaire overnight. So don't be a Nut, who want to be a Millionaire overnight?

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