Strategy

20 lottery winners who lost every penny

The Powerball jackpot has reached a staggering $US625 million after nobody won on Wednesday. While it may be tempting, buying a lottery ticket is almost certainly not worth it. History has shown us countless examples of lottery winners whose lives took a turn for the worse after hitting the jackpot. […]
20 lottery winners who lost every penny
News

Why most people refuse to sell their lottery tickets for twice what they paid

The lottery provides a wonderful real life test for how the cognitive bias of regret avoidance impacts our decision making. The Powerball jackpot rose to $US700 million at the time the above video was first published – the current Powerball jackpot has reached over $US620 million. Meanwhile, the Mega Millions […]
Why most people refuse to sell their lottery tickets for twice what they paid
News

4 lottery winners who lost it all

Lottery winners’ lives aren’t always better with millions – winning may not make you any happier in the longterm. For some, the moment they receive their prize money can come with grim after-effects like divorce, theft, lawsuits, drug addiction, overspending, and even death threats. Watch the video above to learn […]
4 lottery winners who lost it all
Markets

Someone in California bought a winning lottery ticket worth more than half a billion dollars — here’s exactly what a lottery winner should do, according to a financial adviser

A Mega Millions lottery drawing on Tuesday determined a ticket sold in California has winning numbers for an estimated jackpot of $US522 million. But no matter how big the jackpot, the advice for sudden wealth is the same: First, take a deep breath, advises CFP Robert Pagliarini. Then, winners should […]
Someone in California bought a winning lottery ticket worth more than half a billion dollars — here’s exactly what a lottery winner should do, according to a financial adviser
News

The website where Australians can buy US Powerball tickets has crashed

The website which lets Australians buy a ticket in the US Powerball, worth $US1.5 billion, crashed yesterday. While the site is back up and running today, there is patchy access due to the number of people visiting the site. “Apologies if you are experiencing any technical difficulties on our website […]
The website where Australians can buy US Powerball tickets has crashed
News

10 things you need to know this morning in Australia

Good morning. 1. At the risk of repeating ourselves, it was a terrible night for stocks. Oil is a goner, and here are five charts to prove it. The S&P 500 was down 2.17% and uber bear Albert Edwards reckons you can wipe another 75% off that in the pending […]
10 things you need to know this morning in Australia
News

Here’s why winning the lottery won’t solve all your problems

You’re not going to win the lottery, so don’t spend a bunch of money on tickets. Even if you do win, we’ve seen time and time again that lottery prizes are more often a curse than a blessing. Don’t just take my word for it, let’s look at the numbers. […]
Here’s why winning the lottery won’t solve all your problems
News

10 things you need to know this morning in Australia

Welcome to 10 Things, the Tin Foil Hat Edition. 1. First, the markets, which were solid in Europe, and flattish in the US. (Not helped by notes to clients from the likes of RBS of “SELL EVERYTHING”.) But it was commodities’ turn to let everyone down overnight. Oil ducked under […]
10 things you need to know this morning in Australia
US

4 lottery winners who lost it all

VIDEO: With the Powerball jackpot estimated to be over $1 billion, it's important to remember that money doesn't solve life's problems.
4 lottery winners who lost it all
News

10 things you need to know this morning in Australia

Good morning. 1. Not quite H-bombs. Collapsing oil. Markets crashing. Oh my. 2016 is officially looking grim and China isn’t helping one bit with weak yuan fixes. (Although it’s doing a great job of helping itself.) All the global stocks are down – again – as is the ASX, where […]
10 things you need to know this morning in Australia
Markets

Arizona Powerball Winner Takes The Lump Sum, Blames The Fiscal Cliff

[credit provider=”Shutterstock” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=powerball+lottery&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&colour=&show_color_wheel=1#id=2422189&src=0809fea36b876e58c1c3ce381eb66918-1-0″] The second winner of the $587.5 million Powerball jackpot was identified Monday as Matthew Good, a married man in his 30s who moved to an affluent Phoenix suburb last year from Pennsylvania.Good had decided to remain anonymous, but lottery winners in Arizona are a matter of public […]
Arizona Powerball Winner Takes The Lump Sum, Blames The Fiscal Cliff
Markets

You May Have Lost The Lotto, But You Can Still Win Financially

[credit provider=”Flickr/pedrosimoes” url=”http://www.flickr.com/photos/pedrosimoes7/262478039/”] One in 175 Million is pretty bad odds, but have hope. You are actually lucky you didn’t win the lottery.  Haven’t you watched those specials on TV where the people who win the lottery end up bankrupt or worse off afterwards?  
You May Have Lost The Lotto, But You Can Still Win Financially
Markets

Mystery Missouri Powerball Winner Reveals Himself In A Facebook Post

[credit provider=”Facebook”] A father of four from Missouri just became one of the luckiest lotto players on the planet this week.The Daily Mail reports Mark Hill, 52, a father of four from Dearborn matched all six Powerball numbers, winning half the $587.5 million jackpot. It’s the largest jackpot prize ever won […]
Mystery Missouri Powerball Winner Reveals Himself In A Facebook Post
News

Sorry, You Didn’t Win The $580 Million Powerball Jackpot

[credit provider=”Flickr/pedrosimoes” url=”http://www.flickr.com/photos/pedrosimoes7/262478039/”] … unless you are one of two people in Arizona and Missouri who will split the epic prize. Almost nine million players won smaller prizes.The numbers drawn on Wednesday night are: 5, 16, 22, 23, 29 and Powerball of 6.
Sorry, You Didn’t Win The $580 Million Powerball Jackpot
Markets

Seriously, Go Buy A Powerball Ticket Right Now!

[credit provider=”ABC News Youtube” url=”http://www.youtube.com/watch?v=-34d8PTqnuQ”] You’ve probably heard that buying a lottery ticket is a huge waste of money. People call it the “idiot tax.”Normally, that’s harsh but relatively accurate.
Seriously, Go Buy A Powerball Ticket Right Now!
Markets

17 Lottery Winners Who Blew It All

[credit provider=”AP Images “] As  America salivates over the $500 million Powerball prize  — seriously, you should go buy a ticket right now —  we’d like to remind people that winning the lottery will not solve all your problems.In fact, many people’s lives became notably worse after they got super rich, […]
17 Lottery Winners Who Blew It All
Markets

How To Calculate Your Expected Winnings On A Powerball Ticket

[credit provider=”MassStateLottery via YouTube” url=”http://www.youtube.com/watch?v=rruJ1HN3PyQ”] The Powerball lottery has now hit $500,000,000, and one thing is now certain: It’s actually statistically justifiable to buy in. We’re looking at expected value now.
How To Calculate Your Expected Winnings On A Powerball Ticket
Markets

Why People Can’t Stop Themselves From Playing The Lottery

[credit provider=”(Photo by Kevork Djansezian/Getty Images) “] Consumers are getting swept in the lottery frenzy again, with the current estimated Powerball jackpot reaching $320 million. That’s a nice sum of money but given the lousy odds of winning, why do people continue to buy in? According to CNN Money‘s Jacque Wilson, […]
Why People Can’t Stop Themselves From Playing The Lottery
Markets

Virginia Woman Won TWO Million Dollar Lottery Tickets This Month

[credit provider=”VA Lottery” url=”http://www.youtube.com/watch?v=CwZOOyPMe6E”] A Berryville, Va. woman just struck lotto lightening in the same place twice.Virginia Fike took home not one but two winning Powerball tickets earlier this month, both worth $1 million, according to a new release by the state lottery.
Virginia Woman Won TWO Million Dollar Lottery Tickets This Month
Markets

An Insider Shares The Secrets Of The State Lottery

[credit provider=”Pierre LaScott on flickr” url=”http://www.flickr.com/photos/pierrelaphoto/3992835307/”] The lottery isn’t a great way to spend your money, but millions of Americans do it anyway. In a thread on Reddit, an anonymous state lottery worker answered commenters’ questions, shedding some light on the industry’s practices.
An Insider Shares The Secrets Of The State Lottery
Markets

WAIT! Were The Money Managers Who Won The Powerball Fakes?

[credit provider=”Dan Primack” url=”http://twitter.com/#!/danprimack/status/141241570451128320″] Those Greenwich, Connecticut-based money managers who claimed the $254 million Powerball Jackpot prize Monday are not the real winners, one of their “friends” told London’s Daily Mail. [via New York Post]Real estate agent Tom Gladstone, who the Daily Mail describes as a family friend, claims the […]
WAIT! Were The Money Managers Who Won The Powerball Fakes?
Markets

16 Shocking Facts About The $254 Million Powerball Jackpot

[credit provider=”Perfesser” url=”http://www.flickr.com/photos/perfesser/145572225/sizes/m/in/photostream/”] One jealousy-inducing Powerball ticket, sold in Fairfield County, Conn., had all six numbers right for Wednesday night’s Powerball drawing, landing its owner or owners a tidy jackpot of more than a quarter of a billion dollars.The winning ticket-holder has not yet come forward.
16 Shocking Facts About The $254 Million Powerball Jackpot