Done 2 this year. But have hinted to the funeral director about transporting dead bodies. So for example, someone that grew up here and wants to be buried here but died in Dallas, somebody has to go get them. Dollar a mile round trip with the hearse and gas paid nets about 400 bucks. If things go well I may look into getting my embalming license.

That would be fun. Would prefer Austin, but if DC plays Dallas would be cool too.

The thing with them are like a lot of other Texas myths as in that less than 1% of the population wears one. And those that do earned them by winning a rodeo event or are somehow tied to the rodeo business. It's like a trophy you can wear. No self respecting Texan would ever buy one and wear it.

See above but generally bigger is better because it is usually means you won a more prestigious event. And gold, silver inlays with diamonds are not uncommon.

Pretty much this. And the 8+ congregate mostly in the large metro areas. Finding one in the wild where I live is like seeing a unicorn.

Yes any advisor/commentator/whatever using 8+% return expectations going forward is doing investors a disservice. And saving more is never not a good idea

Thanks for the info. You're much more helpful than that elitist DC fellow.
I was genuinely interested and not being sarcastic though it might have seemed that way.

I didn't know any of that. I thought people bought the belt buckles. So it's like a sports championship belt. I get why you wouldn't buy one. That's like buying a WSOP bracelet or something.

Though I think that's so cringe when people wear them at the poker table. I was playing one time w/ Ally Shulman and every pot she played she made sure people saw it. When she bet she would flamboyantly push her bet out while shaking her wrist and making a sound effect.

So what takes you away from the oil game and wanting to move over to the death game?

Oil won't be around forever. Death will.

So all we have to do is semi-accurately range 9 opponents in an SPR 3 pot based on a single flop action? Pokr made ez!

Or are you just getting it all-in regardless?

Also, not saying it won't necessarily be +EV. Just sayin' I'm not convinced it's more EV than having 66 in this spot.

Would be an interesting poll question though. But what's the chat thread's take? You have AA and are playing 1/3 NL and everyone has a $300 stack. You open to $15 UTG. Everyone want all 9 opponents to call (creating a $150 pot with an SPR of ~2, having given all 9 opponents 29+:1 IO)? I don't. I'd be extremely surprised if I was in the minority (I'd actually be extremely surprised if a huge majority didn't want this result), but maybe I'm wrong.

ETA: Lemme know if perhaps this should be taken to a separate strat thread...

GcluelessNLnoobG

Is Cowboy a vampire? Or is oil expecting to be gone in the next 50 yrs or so?

Boredom? I mean there is not really that much to do in the oil game and not getting away from it. That just entails negotiating the lease and then setting back hoping they decide to drill before the lease expires.

Maybe a fun fact for some, you also have to decide what tenants are going to farm said land. My terms are year to year and and are consummated with an oral agreement and a handshake. Rent is 25% of whatever they make. Not much to do but drive by and see how the crop is doing.

So back to the death game question, I consider it networking. For example, a couple of years ago a 96 year old granny died that owned quite a few storage facilities in town. She only had 1 living heir who lived in South Carolina that had no interest in running said storage facilities in BFE west Texas. I didn't end up buying it but my buddy did. Mainly because I prefer more passive income and didn't want to be saddled with the day to day operations. Cash flowed enough to where the purchase price was paid off in 3 years. Now he gets to eat the gravy.

Im more interested in real estate. Granny dies, I buy her house from the heirs, update it because God knows she hasn't updated anything since 1962, and flip it or rent it. I have 1 rent house that still has pink tile throughout the bathroom. I just tell prospective tenants it's retro - chic. This goes for land as well but it's harder to buy on the cheap because all of the other sharks in town are trying to get it as well.

Wait, your G's landlord?!?!

GlolG

One of the reason equities have been doing well is precisely because bonds and sovereign yields are so low or negative. People are putting money to higher yeilds - equities which is helping to prop markets.

Of course many other factors are in play, and pandemics won't help.

So you're like Forrest Gump mowing the grass for fun. haha very interesting.

just to clarify, not looking for a huge return, and I realize investing in myself will generate a far higher return. but here’s a repost of my reasons for trying to start invest early

“got it. for me it's the realization that if I don't invest 10% of $2,000 (discretionary, post emergency fund), I'm not suddenly going to invest 10% of $100,000.

so just want to start early and build good habits. fine with a 6% inflation adjusted return over 4 decades.

also cutting $500 of unnecessary spending a month over 50 years and putting all of it into a roth will equal ~$4,000,000 tax free at 70 (8% interest rate) so might as well acquire the discipline to buy and hold immediately. when everyone else is buying assets that depreciate.”

3-5% annually, inflation adjusted, is certainly fine. also understand that being meticulous about diversifying is potentially a waste of time with a 4-5 figure portfolio. just trying to approach it the right way from the start. As it doesn’t take much effort to do so.

I am happy to report that all of the tile that was in this house when we moved in is now gone, except one white-tiled shower enclosure in the guest bathroom. No more pink, red, or ****ing paintings of animals on any tile in this entire house.

#BernieSandersHeadassplosion

Is Dave Ramsey looping in every Chipolte in Texas?

I believe Dave Ramsey tailors his advice towards irresponsible people who are trying to get out of debt. I don’t have any, given the scholarship(s) for school.

I’m looking to create generational wealth.

Then why are you playing poker?

Awwww man you just got back on 67o's hit list

since I get to decide, long-term by putting in as much volume as possible, how much I’m worth. Being capped at $125k/yr or whatever for 3-5 years is kind of meh. I think I can do significantly better than that. Especially in Macau or wherever eventually. A lot of it is bankroll but I’ll hopefully become extremely good at the game as well eventually which should help a ton.

wrong username. It’s all good, he’s asking a genuine question.

It's, like, why do we even get up in the morning?

Glifesucksandthenyoudie,amirite?G

This response is precisely why people think you're the same person.

Saving 10% of $100k is way easier than saving 10% of $20k. In fact, I'm not sure anyone could afford to save basically anything with a small income.

In reality, everyone always wants to try to maximize returns, when the only thing you have control over is minimizing risk. So effort spent understanding and minimizing correlated investments is of tremendous value. (But with a small investment sum, I think it may be very difficult to have effect diversification.)

Now this is the kind of thing that makes me think you are a bot.

"Generational Wealth". What does that mean?

I guarantee you can't get there saving 10-20% of your income and investing it trying to get 6-8% returns.

This kinda thing requires e.g. building a multi-million dollar business of some sort.

sir, you’re the only one who thinks that. I thought it was an accident but I guess you said that intentionally? Lol

I can see that. I mean grunting it out for 125k/yr with benefits bonus and 401k for 3-5yrs with potential to make 5-10x that by my early 30s and retire early. That sounds stupid. Poker is the obv choice hands down.

Spyu, I was just trying to answer your question honestly. I never said I was making a good choice. Although, I obviously believe so.

Live poker the best path to accomplish this. Haven't you been following?