Buy calls or buy lotteries? Well, it really boils down to one thing – how lucky are you? If you’re the type who always seems to roll the dice and end up with snake eyes, it doesn’t matter if you’re buying a call option or a lottery ticket. Both will end up as losses, and you’ll be looking at your empty wallet wondering if you should have just spent that money on something more guaranteed – like a nice meal or a good pair of shoes.
So, if you're one of the rare few who have that "luck on your side" kind of magic, both calls and lotteries can be your golden ticket. But this kind of luck is not something you can rely on regularly. It’s amazing, but it’s not something you can count on all the time. So, enjoy the ride, but don’t forget to have a backup plan in case the luck runs out!
Buy Call or Buy Lottery: Your Choice is?
Singaporeans are the world’s number one when it comes to love for the lottery!
In the 2019 World Lottery Yearbook, it was reported that Singapore spends $5.41 billion (about SGD 7.1 billion) annually on lottery tickets. This amounts to $935 per person (about SGD 1,240), far exceeding the $798 per person in Massachusetts, USA, which ranks second globally.
Some tigers say that buying lottery tickets is less certain than purchasing call options. Some investors spend a small amount each week buying ODTE options, betting that this company will suddenly experience a surge in stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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