Investment Scams

I think that a 401K is a load of crap. I have already experimented with 401K and mutual funds and I believe that they are both very bad investment options. Unless you have someone who is handling you money for you, making sure that it is all good all the time, those products are a joke.

Mutual funds are the greatest losing investment. They are historically just are fucking terrible. Don't believe me? Look it up on the motley fool website.

I personally think 401Ks are a joke because they aren't safe to invest in. Yeah yeah your company contributes some funds to your account, but for fucks sake, there is no guarantee that it is going to do well. The reason is obvious, it is because it is stock based and there is no such thing as a guaranteed stock unless you are an inside trader, which is illegal of course.

My preference is guaranteed safe investments. CDs, Bonds and High Yield Savings Accounts cannot be beat. You will save your money faster yourself than any other stupid ass investment scheme that you are betting on. The best part is you don't have to worry about losing your money, especially if it is FDIC insured. I recommend American Express, since they are a trusted name and there truly is no strings attached to using them for a HYS Account.

I do have stocks, but they are literally all bets. I am in risky stocks that I am literally hoping make me rich. I am however not going to pretend to retire on stock.

This all brings me to my last point. I am going to invest in the lottery once again. Simply because it is no better than the stock market but cheaper. Much much cheaper. 52 dollars a year cheaper if you play once a week and no more. Laugh if you will, I understand that the odds are against me, but so are the stocks I invest in.

The odds for the lottery with 6 numbers, maxing out at 53 per digit, no repeats is:

Using Windows 7 Calculator: fact(53) / (fact(6) * fact(53 - 6))
http://en.wikipedia.org/wiki/Lottery_mathematics

53!/[6!*(53 - 6)!] = 22957480

Or roughly 1:22.9x10^6 Chances

I figure if I play the same numbers for the rest of my life I might hit them. I wont know if I don't try.