‘Home Run Economics’ describes a psychological state rather than a get rich fast scheme although that is certainly a fundamental part of the this area.
The basic premise is that we all need to have a lottery ticket waiting to fulfill our wildest financial dreams. I think it is not only human nature but also healthy to swing for the fences. By committing a small portion of our investment beans into the ‘Home Run’ pot we provide ourselves with a persistent glimmer of hope. At least there is always some chance, however small, that we can win big!
Look at the masses of people that buy lotto tickets when the jackpot builds to many millions - yet many of these people do not buy when the jackpot is only a few million dollars!? I’ve been guilt of this - eggs, milk and lotto ticket.

I propose that as long as your financial efforts towards achieving security and comfort are on track there is absolutely nothing wrong with trying to hit a home run. In fact, it is healthy and wise to play this ticket as it will hopefully prevent reactive ‘gambling’ with your core assets. One should still look investments but one’s that have the potential for a huge gain - if you have a unique area of expertise start looking there for opportunities .

What is my ‘home run ticket’? Honestly, I have several - an internet investment company and a few small stocks that will either go nova or flame out. Also I began investing in Domain Names several years ago. I will share the details in the future.

I have plans for future ground-twisting ’swings’ such as starting an Angel Investment group.

What are yours?

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