It’s Friday evening and I’ve noticed that activity on this message board is concentrated on Monday to Friday, 9 to 5. Weekends are very quiet so I’m going to try and fill the void…..
I just “invested” $2 in a MegaMillions Lottery ticket. it qualifies as a “high risk/high reward” investment. The odds of winning the jackpot is 302 million to one but the cash payout is $660 million for a $2 position so that is a 330.000.000X return on my investment. The duration of the investment will be about 6 hours and calculating the annual return is impossible without going into scientific notation.
Maybe I’m setting my expectations too high and perhaps I should shoot for the 5 ball/million dollar jackpot….the odds are “only” 12.6 million to one and the $2 ticket yields a million bucks which is still 500,000X on my investment…hmmm
OK …$1,000,000.00 is a good goal but how does this fit with a LQMT Message Board…..let’s consider some more investments.
So I take my $2 and buy 32 shares of LQMT….to reach our million dollar goal, it has to increase by 500,000X. Peter Lynch used to talk of 10 baggers when he ran Fidelity Magellan but this is ridiculous! It just isn’t going to happen so let’s try again
Sharing some info I probably shouldn’t, I have slightly more than 500,000 shares of LQMT and to make that a million dollars, it would have to increase 32 fold….a 32 bagger. Is a 32x move in the realm of possible?? I say yes…to get there it needs to double 5 times and the numbers go like this……6->12->24->48->96->192 (all pennies of course). If the time interval is years, it takes 5 years. The rule of large numbers probably says it grows more at the beginning than the end but I’ll let that slide.
The downer in all this is …I’m an 82 year old male and of all the 82 year old males in the US…half of us will be dead in 6 years so being 87 with a million bucks means I’m just going to give it away anyway.
Still in the game!
