Thus, with a serious degree of diversification and attention to tax consequences, we would've made an additional profit of $8.57 million on those winnings.
That's a lot better investment than a boat, a house or a fancy car.
My wife said to me: "If you won the lottery, would you still love me?" I said: "Of course, I would. I'd miss you, but I'd still love you!"
Footnote: In October 2015, Powerball officials changed the jackpot odds from 1 in 175 million to 1 in 292 million, to assure that they'd get bigger and bigger jackpots. Under the new rules, you select five of 69 numbers, up from five out of 59 numbers. So if you aren't very good at math and statistics, the government is making sure they further empty the pockets of their most devoted customers. Is it any wonder lotteries are constantly referred to as a tax on people who can't do math?
Commentary by "Fast Money" trader Jon Najarian, a professional investor, money manager, media analyst and co-founder of optionMONSTER and tradeMONSTER. He is also the co-founder of the Najarian Family Office. He worked as a floor trader for 25 years and before that, he was a linebacker for the Chicago Bears. Follow him on Twitter @optionmonster.
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