Saving & Spending
12 million Hong bao draw
By Journey  •  February 15, 2016
Would you be buying a dream by 'investing' in a lottery ticket for the $12 million Hong bao draw? *correction - should be $13.9 million instead! Some financially savvy folks are saying that they might as well save the money and invest it for the long term, since that is a more sure-win bet. Me? I won't hesitate to admit that i would be one of those buying a hope and a dream. To me, that amount won't cost me my financial freedom, at the most, it's only the cost of a lunch. And are the odds really stacked against me? We can say it is 50/50, since there is only 2 outcome - either we strike, or we don't. [Just kidding!] Singapore pools kindly disclaimed that  the odds of winning the jackpot is 1 in 13,983,816. Odds of winning Toto Given the winning prize is ......
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By Journey
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