I'd take that 100K and add it to my pile and it would grow.

 

That's not even a years salary for a DDS, gotta role the dice!

Be curious to see what amount it would take for those that said take the $100k to roll the dice

I'd do the $1M at 25% chance

I'd do the $1M at 25% chance

 

1/4 is a lot different than 1/2.

While I am indeed a gambler, I would have to take the guaranteed cash. Would pay off student loans, get my car situation taken care of, and give me some to either put toward a house or starting a business. I could always "let it ride" with some of it at the track and try to make my million that way. I could enjoy that.

I wish I could be like some of you and say (basically) 100K isn't anything if you have a chance at a million. For ME, even 100K would be life changing. By that, I mean, I'd not have to worry about finances again. I'd have to keep working, yeah..But I don't mind that. Just knowing I owed no one or owed very little would be a huge weight off my mind.

 

It certainly isn't anything to sniff at. But getting 10-1 odds on a coin flip is like seeing a unicorn prancing down a rainbow. If such a thing existed Las Vegas would just be another patch of sand on your way to Los Angeles.

I take the 100k no doubt about it. Pay off the student loans. Nice down payment on a new home and still have a decent chunk left over.

I don't really see this as an either/or .......at least mathematically. What difference does it make what the gap is between the amount you are guaranteed or the amount you could get on a coin flip. You are not getting ten to one odds on a coin flip, you have 1 in 2 odds on that flip, the other amount (the amount that was given up) doesn't affect the coin flip odds.

 

I think the better way to process this is to say would you PAY 100K out of your pocket for the opportunity to flip a coin for a million dollars?

10% ROI? I might fire my guy and meet with you.

 

I don't do a lot of trading which has led to some success. I stick with stocks I think (and pros think) are long-term holds.

 

My challenge now is that some of the stocks that fueled strong ROI have plateaued. Do I keep them and wait for a resurgence? Not sure.