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Posted by snakewhite
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snakewhite
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If you're in UK get a stocks and shares ISA - it's tax free and requires no effort.
Stock invest, dividends. You can get few percent per year.
If I had more money left, I would also invest in p2p lending. Not very hard to learn about.
GL :).
Bet all in on red. Or precious metals. One of the two, can't figure out which one is the most profitable.
wish i had this kind of problem :D not knowing what to do with all of my free mooooney :))
peer to peer lending is a very good investment vehicle. I'm currently investing all of my "investable" money into that. Check out lending club. If you're going to invest in index funds or similar then be sure to use an automated investment service such as wealthfront instead of a real person to manage your funds. You'll save a lot of money on fees that way.
Disclaimer: I am not a tax professional and actually kind of a dummy
for my "poker money" I use something like this - https://portfoliocharts.com/portfolio/larry-portfolio/
My variation is 80% cash and CDs, 10% QEMM, 10% RZV.
You can read the details in his book - https://www.amazon.com/Reducing-Risk-Black-Swans-Volatility-ebook/dp/B00KC5UDMS
I also take money out of poker bankroll to add to retirement accounts and other investments :)
VTSAX
I have allot of friends that invested in Crypto over the last couple of years, goes hand and hand with shuffling money to different sites.
Would be doing big things if you invested in ETH a few months back xD
I've moved money out of poker and invested it in the market. I say invested because over the last few years or so I've been reading a lot of material/annual reports/stock market wisdom and while the strat is another thing altogether, the basics of logical arguments, re-examining your decisions in hindsight(and perhaps thinking about them before you pull the trigger) and making decisions that are free from tilt of any kind remain the same.
As much as I love poker I don't really see myself grinding all my life. The markets will keep you interested for a long time IMHO.
https://moneymasterthegame.com/order
ugg - He does a good job explaining how fees crush your returns and then turns around and tries to sell basic asset allocation advisor service for 1%!
Understand what you are coming from but if you ignore that I think this book is great.
Get yourself 10 bitcoins bro, sit on it and say hello to your pension fund in 20 years :)
Can you link me to any sources why you believe this is true?
DONATE!
https://www.gofundme.com/gm-damian-lemos-chess-comeback
I owe him 50k atm, I stayed in time with poker not winning anymore, cocaine, heartbreak, weed, too much moving, and a lot of bad luck! (I'm just complaining cuz a friend of mine who looks like Jesus says you gotta complain to win and at this point of my life if I don't believe in Jesus I don't know who to believe in). Currently I'm working on the only investment left I got from 3 or 4 I made in the past (made a few randomly but most didn't work).
From my POV the best advice would be to not invest if you are not gonna keep a close eye to whatever you invest in. Invest with the head not with the heart or the dick.
Since I'm asking you to invest with the HEAD and not with the heart, I offer my help and Damian's too in whatever we can.
Interested can contact us for more info:
Skype: gaston_cmr, pkchess2012
Love
https://chess24.com/es/watch/live-tournaments/reykjavik-open-2017/8/1/9 he's playing right now vs nº23 in the world gogogo
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