- FinSummary.com
- Posts
- 2008 All Over Again? / An ETF that buys lottery tickets... and more
2008 All Over Again? / An ETF that buys lottery tickets... and more
Markets Summary + the most valuable articles, videos, charts, terms and quotes...
In partnership with
Message from Our Sponsor:
Investors are jumping in - last chance to get on board.
LookyLOO is closing in on its final days.
With $1.2M in projected revenue, 4x growth in partnerships, and over 100K movers using the platform, the momentum behind this raise is real - and so is the deadline.
Don’t let this end without you. April 4th is the last day to invest.
Read the offering information carefully before investing. Obtain a Form C and offering Memorandum at https://wefunder.com/lookyloo
Hello!
Here are your top 5 financial insights for the week—including the latest articles, videos, charts, quotes, books, tools, and more—to help you become smarter about finance and investing. Enjoy!
Market Summary
1. Article We’re Reading
The Big Idea: An ETF that buys lottery tickets
Are lottery tickets the ultimate alternative asset?
In 2023, a syndicate out of Malta realized that the Texas Lottery’s jackpot had ticked higher than the cost of buying every ticket1. The group raised $26M and duly bought virtually every ticket combination, guaranteeing the $95M jackpot. Really clever, although… (READ)
2. Video We’re Watching
3. Chart We’re Analyzing
4. Term We’re Defining
ETF: An exchange-traded fund is an investment vehicle that pools a group of securities into a fund. As its name indicates, it can be traded like an individual stock on an exchange. (more)
5. Quote We’re Reflecting On
“I make no attempt to forecast the market—my efforts are devoted to finding undervalued securities.” — Warren Buffett
This tech company grew 32,481%..
No, it's not Nvidia. It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
They’ve just been granted their Nasdaq stock ticker, and you can still invest at just $0.26/share.
*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
Thanks for reading FinSummary!
We hope these insights help you stay informed and smarter about finance and investing
See you next week for more valuable updates—until then, happy investing!