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Re: [sharechat] Gambling stocks are not all bad!

From:	"Rockbottom" <rockbottom@ihug.co.nz>
Date:	Wed, 17 Mar 2004 09:52:33 +1300

Allan you and Woody are so right.

Interestingly instead of paying into Lotto or the Pokies and by investing
$10 pw in your mortgage, in 5 years you would have reduced it by $3023, in
10 years by $7100 and in 40 years by $86291!**
This is a guaranteed win win situation.

Rockbottom

** Based upon an interest rate of 7.5% and tax rate of 20%.

discl: Have a $5  unchecked Lotto ticket in my wallet. What am I offered?


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References

RE: [sharechat] Gambling stocks are not all bad! Allan Julian

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