very ignorant but serious question: can you explain why 401k is so valuable

Saves you (Marginal tax rate)*(contribution limit) on your tax bill and also puts it somewhere you can't spend it. Last year contribution limit was 52k, and goes up about 1k per year.

hey guys. i've always heard that i should always pay minimum payments for my state funded student loan. I have about 30k left and just want to pay it off in full. Paying like 4.5% interest rate is meh.

2 questions:

1. Is the 4.5% Fixed Rate?

2. Do you think you can outperform 4.5%?

If both are yes then you shouldn't pay it off. If it's a variable rate then just pay it off in full as rates are only going to rise from here unless u believe u can continue outperforming the rate.

+1

Paying off the loan basically nets you a 4.5% return on the balance of the loan, if you think you can beat 4.5% somewhere else then by all means put your $30k or whatever you have lying around into it.

Actually less than 4.5% (on 30k principle his entire interest payment would be tax deductible). So assuming he has income he only needs to beat ~2.6-3.3% depending on what his marginal tax rate is.

can anyone tell me what the beef is with wealthfront as far as investing goes?

There isn't a big one.

You should pile as much money into something like that as you can while you are young and focus your mental powers on poker and not being a fish in other areas of life. The EV you can gain by nit picking wealthfront is going to be significantly less than what you can get from efforts in those other two areas.

Is student loan interest tax deductible? I thought it was just mortgage interest.

Yea... just googled to confirm and you can deduct up to $2500 in student loan interest if you meet certain criteria. Unfortunately one of those is having income less than $75k which is unlikely for someone with 30k laying around so I guess my point is moot in this case.

+1 to VXUS/VTI being insanely easy and effective investment strategy for someone that doesn't dedicate their life to it.

US citizen living in CA, whats the best way to deposit $$ on ipoker?

I'm looking for someone to sublet my apartment in downtown Toronto. Planning to post a marketplace thread, but figured I'd post here first. Flexible on term, but something starting in February for 4-6 months is ideal. Fully furnished, great location, etc PM me for details.

What happens when a comedian who doesn’t give a **** about the advertising industry and can afford not to give a **** about the advertising industry is given an award by the advertising industry during their most self-congratulatory annual event. Amazing.



(via marcoorg)

Hahaha JS rules.

What are ppls thoughts on the Ivey case/ruling? Really interesting imo.

It's a ****in joke. Actually pissed me off when I heard about it. Just goes to show the lack of understanding most of society has when it comes to gambling.

So tilting. Couldn't believe the judges reasoning. This is one hell of a precedent to set.

my thoughts were all of these things

the game is rigged

meh. i much preferred that joke the first time he did it:

ya its also a wee bit hypocritical considering he has more money then he could spend in a few lifetimes (literally has an airport hanger to park all his porches) but he still chooses to shill for a credit card company.

Has anyone spoken to or seen Wes Pantling recently? Like in the last month?

If so, pm me pls

Hi guys,

just gaging general interest here - sorry if this is not the right place for such a post. I am going to write my Master's thesis on the application of game theory to poker. I study Int'l Management, so I am not a mathematician or econometrist, thus my knowledge on the issue is somewhat limited. As part of my "value added" I am allowed to get expert opinions and collect contributive opinions and incorporate them into my analysis. Is there anyone among you with solid fundamental knowledge on the matter who would be interested in contributing?

Side note: the Czech Republic is currently on the verge of legalizing poker, which is a pretty big deal for this market and - in turn - for many neighboring countries who tend to follow us. I am a member of the Czech Poker Association and fairly close friends with its president, and also acquainted with many politicians who do have the power to affect the outcome of the current legalization talks. I believe my thesis could potentially contribute to the result we all desire.

Again, apologies if this isn't the right place, and I'll appreciate any constructive comments. Thanks!

i was out with his mum in dublin last nite. she said she did not know what he is up to.

I'm certain this has been addressed many times before, but for a first time credit card owner, what are currently best options out there? Fwiw, I'm mid 20s, don't spend a lot (besides whole foods), and have a 730 credit score (if that's relevant). Looking for best credit card with most cash back/best rewards, etc. Thanks guys!

In before Chase Sapphire Preferred (I have it, and was recommended it by a bunch of ppl ITT when I asked a year ago). Very happy with it, rewards are good + very flexible and good sign up bonus.