Powerball.
Of course nothing in this newsletter is ever investing advice, but I will say as a personal matter that I tend to take a Pollanesque approach to the lottery: Buy lottery tickets, not too many of them, mostly when the jackpot is enormous. Not everyone agrees. Fox News’s advice is apparently “BUY AS MANY TICKETS AS YOU CAN AFFORD,” which is … not correct.
But the Internet is also full of scoldy advice to the effect that you shouldn’t buy any tickets at all, even when the Powerball prize is $1.4 billion, or #NUM. (Here is a blog post suggesting that instead of buying a lottery ticket you “buy yourself a cup of coffee and sit down to do some freelance writing for blogs that pay for guest posts,” which is actually worse…
Read the full article at: http://www.bloombergview.com/articles/2016-01-12/lotteries-index-funds-and-lawsuits