$1.6 billion is a lot of money. Instagram sold for $1 billion, but you don’t have to build an entire photo sharing social media platform and attract millions of users to rake in much much more than the 13 person Instagram team did when they sold out to Facebook. To win the lottery all you have to do is pick the winning numbers. Taylor Swift is reportedly worth $300 million, but you won’t have to sing for anyone to win the lottery. In fact, it is very likely you could hire Taylor Swift to sing for you if you win the $1.6 billion prize this week.
So how much could you actually win? After taxes, you could take home $904 million if you win MegaMillions. That’s an extreme amount of money for doing nothing more than getting very lucky. The reality is you’re not going to win. In theory no one has to win this round, and the odds are not in your favor. How bad are your odds? The odds of winning the MegaMillions and the $1.6 billion jackpot is 1 in 302.6 million. The prize is truly unbeatable – where else can you turn $2 into $1.6 billion? Likely nowhere. The downside is quite real as well- if you don’t win, your $2 are gone forever. If you subscribe to the fact that you’re not going to win but you want to let $2 go for a ride, here are a few things that cost $2 or less.
Penny stocks are likely a horrendous investment. In this day and age, reverse stock splits are common and many stocks want to hold a price that seems like the share has some type of higher value to it. One way this is achieved if a stock’s price is low is through a reverse stock split. Let’s face it, if Apple issued loads of stock tomorrow to reduce their price below $2 per share, that $2 price would likely make the stock seem like it was worth less than it actually is, just because of the lower price tag. This is just human nature. With this concept in mind most companies like for their stock to be priced over five dollars per share. There’s another reason as well. The Securities and Exchange Commission or the SEC defines a penny stock as any stock that has a value under five dollars per share. Penny stocks get a lot of scrutiny because most penny stocks are complete trash. Penny stocks are extremely risky investments. Most companies want to shed both the aura of being a penny stock, as well as shed the label of actually being at penny stock, as defined by the SEC.
Bitcoin- and more specifically cryptocurrencies, are a very new financial asset class. One unique characteristic of Bitcoin and cryptocurrencies is that you can purchase a fraction (or part) of a Bitcoin. There will only be 21 million Bitcoin in existence, ever. On a global scale this makes Bitcoin a rare and scarce item. The current value of a Bitcoin is approximately $6,400. But you don’t need to have $6,400 in order to purchase some Bitcoin. $2 will get you approximately 0.00031 Bitcoin at current prices. The good news is with two dollars you will actually have 0.00031 Bitcoin. If the price of bitcoin goes up or down, you will still have that amount. There are 21 million Bitcoin that will ever exist, and your odds of winning the lottery are 1 in 302.6 million. Both are extremely risky. Both could result in 100% loss of $2.
$2 for a lottery ticket, $2 worth of penny stocks and $2 worth of Bitcoin are all high risk purchases. But if the lottery works out, you will win $1.6 Billion — there is likely no way that a penny stock or Bitcoin can do that for you with $2.
Join our list
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.