Monday's Investment Advice: Don't Forget To Buy A Powerball Ticket

powerball With most stocks remaining in an “extreme overvaluation” category, you might as well blow your money on lottery tickets. It appears the ROI might be a little bit better. At least this coming up Wednesday.

Powerball now at $1.3 billion; more than $1 billion in tickets sold

The odds of matching all six numbers are 1 in 292.2 million. Many underestimate just how small that probability is because 292.2 million is so large that it’s “almost impossible” for people to wrap their heads around, said Ron Wasserstein, executive director of the American Statistical Assn.

Yeah, yeah, yeah….the chances of you winning are slim to none, but you can’t win unless you buy a ticket. Someone will win this one and it might as well be you.

So, go ahead and buy $10 worth of tickets. But do it today. Then you can spend the entire 3 days imagining what kind of useless crap you will blow your $1.3 Billion on. At the end of the day, that is exactly what you are buying. A dream. And this one is much better than dreaming that Apple (AAPL) will hit $250 a share as Carl Icahn said it would (right before he unloaded).

Good Luck!!!