'EV' decision

I'd say you should do something that's actually fun in your free time, but gl with learning to invest.

Oh, I should add that I'm all-out enjoying myself on the weekends
This is prolly mostly a post-work weekday thing (and maybe a few hrs on weekend max)

www.fwallstreet.com

As someone who does this for a living (and is very good at it FWIW). The advantage of learning how to invest properly has a much smaller return on your time than poker unless you are very very wealthy. In poker terms, investing (with the aim of beating a simple market allocation) is incredibly high variance over the long term, unsolvable, and requires a tremendous amount of work.

It's certainly interesting, but it's probably not a smart use of your time if you're not getting paid to do it.

I've been pondering on the investing question myself a lot. A lot of the good poker players are talking about making another 2-3 mil and then investing it.

I still don't understand how investing works right now tho. There seems to be two ways to invest - learn the whole thing by yourself OR trust your money with someone else and not waste your own time.

I considered the first option but it seems like if I don't do it full time I will never be confident enough to use large chunks of money. However, I don't think investing is the most interesting thing I can do with my life.

As for option two, I am still unsure how to find a good trader/firm that will invest for me without stealing/losing everything. Do you guys have any information on this? Anyone know of broker houses or whatever they are called that can be trusted (in the US?)?

Well I stopped my poker quest because I don't think that it would bring me any satisfaction in life.

The biggest reason why people learn poker is not just the money, but the freedom. High stakes players can be anywhere, anytime, doing anything, without telling anyone.

If I could become a high stakes poker player making good money I would learn to sail, buy a boat, and paint for the rest of my life. That freedom is what first attracted me to poker.

However, now I realize that becoming a high stakes poker pro is not as easy as it was during the moneymaker boom. Poker is a pretty big mindfuck that takes years of dedication to learn.

On July 26 2009 11:42 nixxxbg wrote: I've been pondering on the investing question myself a lot. A lot of the good poker players are talking about making another 2-3 mil and then investing it. I still don't understand how investing works right now tho. There seems to be two ways to invest - learn the whole thing by yourself OR trust your money with someone else and not waste your own time. I considered the first option but it seems like if I don't do it full time I will never be confident enough to use large chunks of money. However, I don't think investing is the most interesting thing I can do with my life. As for option two, I am still unsure how to find a good trader/firm that will invest for me without stealing/losing everything. Do you guys have any information on this? Anyone know of broker houses or whatever they are called that can be trusted (in the US?)?

Pick a time horizon you want to invest for, and then invest in mutual funds (pools of money that are professionally managed to some sort of performance and volatility benchmark). Depending on how long you want to have the money invested you'll be able to stomach more or less volatility. Generally speaking, more volatility means higher EV.

Vanguard, Fidelity, and American Funds (Cap Group) are all great places to get a broad array of mutual funds for a reasonable price.

Invest in Sub-prime mortgages and MBS's

GL man!

wallstreet ain't all its cracked up to be... (from experience)

smart choice, u sound really grounded and its refreshing around here, gl in you future