Now, What Do I Do?
I need everyone’s help. Here’s the story. Every year I deposit $1,000 in a savings plan for each of our two kids. This year, with the new grandson, the donation will be $3,000. The deposits are well invested in conservative growth funds, generating a 6-percent return during the last 30 years. Last year was better, of course.
Here is the dilemma.
A buddy of mine knows a bookie who is taking bets on the Super Bowl. I have never in my life bet on a sporting event, other than buying someone dinner or sending a bottle of bourbon. Even with the times I have spent in Vegas, sports betting has never been part of my plans.
I live in New England. I always follow baseball, and have little interest in other sports, except following the Patriots. I strongly believe the Patriots will win the Super Bowl.
Do I continue my conservative strategy this year or bet the $3,000 on the Patriots? The bookie says the return would be $5,400, or a $2,400 profit. Or it could be zero.
Please tell me what to do. Drop me a note at paulbaseball@msn.com or respond to this blog. Thanks.
As an Eagles fan, I’d tell you to bet it all on the Eagles, but since I’m not willing to do that with my own money, I’d tell you to stick with what has worked ’til now unless you have it to lose. Otherwise, this boy’s wearing green and white and NOT throwing down on 2/4. Fly Eagles Fly!!!
Ha! Go Eagles!
Paul, since you bring the subject up, perhaps you should have a picture taken in a green Eagles jersey on Feb. 5th to post in this newsletter! 😉