A Short List Of Things You Should Invest In Besides The Powerball

You're not going to win the $700 million lottery. Here are some things that will pay you back a lot quicker than an office pool.
SMS
A Short List Of Things You Should Invest In Besides The Powerball

Surprise! You're not going to win the $700 million. Sorry. So here's a short list of things that will pay you back a lot quicker than that office pool will. 

First, life insurance. Why? Because you have a better chance of dying from lightning, a vending machine or a bath gone wrong than winning the Powerball. 

Another great use of your hard-earned money: shares of lottery operator International Game Technology.

IGT makes money off of irrational dreamers like you once were. Its stock pays a 2.5 percent dividend yield, meaning by next year the $10 you almost spent on Powerball will be $10.25 — which, remember, is better than $0.

Next up, student loans, because statistically you probably have some. 

More than 43 million Americans have student loan debt, and to the most recent batch of college grads: congratulations! You're the most indebted class ever. 

And finally, for those who have a weekly appointment with their local gas station, try putting that $20 a month in a stock index fund, any stock index fund. 

The S&P 500, for example, has a long-term average return of 11.8 percent, which again, is more than the 0.0% return of almost every lottery ticket. 

But if you're still not convinced, the Powerball is $700 million, the largest in U.S. history. Wanna know why it's so large? Because you have a 1 in 292 million chance of winning. So, um, good luck? 

Featured Stories
Marine Le Pen during her presidential campaign

Everything You Need To Know About France's Presidential Election

A poster at the March for Science in Washington, D.C.

Science May Not Be Political, But The March For Science Sure Was

Planes at Pyongyang International Airport in DPRK (North Korea)

North Korea Has Reportedly Detained Another US Citizen