Alternative-Fox6236

My parents always play the mega millions, or Powerball or whatever it is and always tell me "you got nothing to lose!".

I always get pissed and tell them I will never play the lottery because its negative EV but they just don't care.

Any advice on expressing my view better to have more of an influence on them or is there no changing the stripes of a tiger?

Thanks!

PS - They absolutely don't have a gambling issue or anything but it just annoys me every time they mention it to me and tell me to play since the amount is so high, etc. etc.

What are your thoughts on active trading vs passive index investing?

Indexing vs mutual funds?

Thanks!

Thanks for the reply!

I agree with you 100%, however, since this is a well-known fact, why is it that wall street continues to create funds and have all these different managers who are smart but the reality is nobody knows which way the market is going?