- 5,775
- 2,933
- Joined
- Aug 11, 2001
So a co-worker of mine just recently did something that I originally deemed as a foolish idea. About a month ago this dude spent $1100 on multiple rolls of $5 scratch off tickets. I laughed when I heard the idea originally pitched to me by another co-worker and I went in on dude for being so careless with his money and how this was a stupid investment. Fast forward to last week, dude comes to work in his new 2009 Maxima that's PAID OFF (got a pretty sweet deal apparently). I small talk with him and he told me amongst dozens of small winnings ($5-$100), he hit 2 $500 winners and 3 $5000 winners
. He said the $5000 winners came out to $3900 apiece after taxes (so that's $11,700).
He said he's about to do it again soon. He says his uncle has been doing this for years and has hit BIG. He said the least you'll do is break even but most of the time you'll come out several hundreds to thousands on top of what you initially invested. He said it's more to it and a bit of strategy and he'll fill me in next time we're at work.
What's your guys opinions on this? On one hand I still see this as a bit of a silly investment but if he hits big again like that, my entire opinion may change. I'm not at the the point of wanting to try it myself but it does sound tempting. I've never purchased a scratch off before but I am sorta familiar with them. The $20 tickets have amazing payouts and the odds are better than the cheaper tickets. What do you guys think?
While we're at it, what's something that one could invest $10K in and see profit relatively fast (NOTHING ILLEGAL!!!!)?
EDIT: Forgot cliffnotes
-I hear word that a co-worker of mine is considering spending $1K plus on $5 scratch offs.
-I laugh at such a stupid idea.
-Co-worker drives up in his new PAID OFF 2009 Maxima a month later.
-Says he hit for $5000 on 3 tickets. After taxes it was $11,700.
-Do y'all view this as a good idea/bad idea?
-What are some other ways to invest $10K for a quick flip (NOTHING ILLEGAL!)
He said he's about to do it again soon. He says his uncle has been doing this for years and has hit BIG. He said the least you'll do is break even but most of the time you'll come out several hundreds to thousands on top of what you initially invested. He said it's more to it and a bit of strategy and he'll fill me in next time we're at work.
What's your guys opinions on this? On one hand I still see this as a bit of a silly investment but if he hits big again like that, my entire opinion may change. I'm not at the the point of wanting to try it myself but it does sound tempting. I've never purchased a scratch off before but I am sorta familiar with them. The $20 tickets have amazing payouts and the odds are better than the cheaper tickets. What do you guys think?
While we're at it, what's something that one could invest $10K in and see profit relatively fast (NOTHING ILLEGAL!!!!)?
EDIT: Forgot cliffnotes
-I hear word that a co-worker of mine is considering spending $1K plus on $5 scratch offs.
-I laugh at such a stupid idea.
-Co-worker drives up in his new PAID OFF 2009 Maxima a month later.
-Says he hit for $5000 on 3 tickets. After taxes it was $11,700.
-Do y'all view this as a good idea/bad idea?
-What are some other ways to invest $10K for a quick flip (NOTHING ILLEGAL!)
Last edited: