Is it correct to leave your financial future to a state lottery?
The other morning, I ended up in a tobacconists to pay, alas, a bill; logically, I was in a mad rush and the terminal had some connection problems, remaining 5 minutes waiting for the divine telematic providence. In that short period, which seems an eternity when you are in a hurry, some people of various ages entered and put their hope on scratch cards.
I was impressed by a girl who "invested" a 3-figure sum in a game of chance called "Tourist Forever". From the way she talked to the manager, she seemed accustomed to a cyclical investment process. Some reflections on this rampant search for fortune have begun to flash in my mind, when we do not realize that, if we want, we have this "blindfolded goddess" beside us and she is not blindfolded at all. Indeed, he sees very well.
Follow me for a moment in reasoning.
Let's assume this investment is $ 100 per month, just to use a calculation basis, but it could also be per week. After 1 year, the average monthly salary of an employee becomes the beauty of $ 1200 (at least here in Italy). If you are lucky enough to be kissed by the Goddess, at this point you twist your life but you are not master of what happened to you, while if you lose you say: "well, amen I gave them up for lost ... it will be for next year ... "
Indeed, I would also like to mention a statistic that I often heard cited a few years ago, and which reported that more than 80% of people who win large sums through these ways, return to the same pre-win situation within 3 years of winning itself.
Why? They just don't know how to manage their money.
But if we try to use this money intelligently, what can happen? Let's see:
We divide these 1200 € into 3 and allocate these 400 € in different options:
1 ^ we immobilize them to Staking on Algo or Tron, indifferent!
2 ^ We buy some fractions of BTC and slowly create our PACC (we have seen that everyone demonizes cryptocurrencies but everyone buys them so it will hardly be a hole in the water)
3 ^ We open a position on an exchange and start trading.
Calculations in hand:
1 ^ With staking you can have a response of 10%, so our capital can go from 400$ to 440$, without considering the possible appreciation of the currency being staking.
2 ^ This is the most uncertain as it depends on the market, but in this case, we are not interested: despite the sometimes sudden trends of the BTC market, at the end of each year it is still growing.
3 ^ Trading, this word so thorny and for most people considered fraudulent, is actually what could change our lives, it certainly does not make us "Tourists forever" (at least not in the first years)
Let's say we make a 1% average weekly profit, among the three activities: we arrive at the end of the year with a nice nest egg.
Let's do two calculations, albeit approximate
50 trading weeks (a couple of rebates: today I don't feel like it, I'm on vacation and I don't have a cap, etc. etc.)
1% of 400 $ is 4 $
50 X 4 $ = 200 $.
200$ earned over your own capital. And in the meantime, in this early adventure year, you have also learned how to capitalize at best, probably increasing the result of the second year, the third to follow and so on!
Keep in mind that I have not taken into account the eighth wonder of the world, compound interest!
Summing up, the last day of the year, before the dinner, we have 200 $ in our pocket, which certainly does not make you a tourist forever, but well integrate the 13th and any production bonus (if they still give it).
At the appeal, the $ 400 converted into BTC remained out: for these the capitalization is very difficult to define, but in the perspective of diversification those $ 400 are for the mid-term, and therefore we should be able not to touch them for a while.
Note that even for staking I have not considered compound interest.
A careful trader could accuse me of rash reasoning, as the concept of Money management does not appear in the rant; but I left it out on purpose because when you play "scratch cards" the return on investment is not you but the owner of the game!
