I put in a long day today which felt great. Hopefully the rest of the week will go smoothly.

Good to hear man. Go into the week with some positive momentum Sent from my Z851M using Tapatalk

Yeah doing a lot more studying than usual. I'm surprised at how many mistakes are in isildroons videos from a few years ago. I'm sticking to more recent stuff and firing off some sessions whenever games are going

so i'm losing $$ online but winning at 3 card 2 flop short deck blind mans bluff w/ antes. Variance??

I had a positive session yesterday, got in the flow state. I think that's what I need to shoot for and just get the time in. Back to London in a few days, will be more diligent about the blog then.

It's so tilting wanting to fire off 500plz when other sites don't have action but I need to remind myself not to donate to that rake environment. I check the zoom pool multiple times as if the lineup is going to change anything. I decided before I left london that I wasn't going to pursue that game for a bunch of good reasons. All I should be using stars for is plo mtts and sattys to ept barcelona. I need to nip this in the bud asap for my own sake mentally.

The last few weeks have finally come and gone so now I can move on in life. Figured out some family & dating issues, walked for graduation and am mentally transitioned into the deep ocean expanse that is adult life. I've been trying to figure out where to aim towards and I think I would really enjoy living in LA or San Diego paying off a mortgage on a small home or a condo while playing mostly online and some live. So from now till next February I'll be trying to prepare myself to slide into that life.

I'm about 26k upstuck but am trying not to think about it as I grind. Just one session after another.

I've been doing a ton of learning about economics and real estate as well as getting back into fitness. I'm about to check out a local gym that I'll hopefully be at for the rest of my time at this flat. Now that I'm back to having a hud I'll post some hands for you guys.

OP caught at 500z, where's my freeroll for catching you breaking your rules?

lol punted tho

jk not really punted just shouldn't have done it. THAT POOL THO it's so soft right now. pm me your sn dude you shouldn't have 1 way knowledge thoo

I'll drop you a msg next time I see you at the tables

sounds like I need to hop back in

Had a pretty solid sunday won 10bi over 6 hours, went for a run, ate well, caught up with some friends on calls. I bricked my barca satellites but I'll keep trying. Also punted in the sunday million which was really dumb. I don't think I'll play it again

I look around every time I go running and see all the men dressed up going to and from work. They're each doing their thing to provide for themselves and their families. I won't be following the same methods they are but we're all looking for the same result. Wife, kids, a home, income sufficient to live a high quality of life with adequate leisure time. I've been reflecting on the gambling that I do in my life. Compared to investing a significant chunk of your networth into a large property and committing to a multi-decade financial obligation that will have to weather the economic swings we are about to face, playing msplo is absolutely nothing in terms of risk. So I swing a couple gs in either direction on a daily basis. So what? What about when you owe 9,500/mo on a 12 unit property that went from 11 occupants to 7 and now you have to pay the mortgage out of pocket? What about when the valuation of the property slumps because there's a housing recession in your area and your tenants are leaving so you have to liquidate it at a 5/6 figure loss? Some people say live PLO's variance is glacial. I can't argue with that. But the variance of the economy and how it impacts investing decisions for beginners without significant nest eggs is both terrifying and colossal. It is just as slow moving but there is little recourse. There is no arguing with banks repossessing your building or asking the markets to turn around. I'm reflecting on the potential pitfalls that I will face in the next few years and am working backwards to ascertain how much risk I am willing to take on.

If I can make 100-120k by February when I move back to the states, I could consider getting an 8-10 unit multifamily home in an attractive market rather than the condo I could grab now. This gives me a strong incentive to work harder as I have a goal to power towards rather than something simply so big like make 800k or whatever. Chunking it down into smaller pieces will help it feel more realistic and aid my motivation. Despite this investment opportunity waiting for me, I have to consider whether I am comfortable leveraging myself like that into an investment that will be impacted greatly by a future economic downturn. The American economy is so overleveraged, it's hard to believe that banks have been complicit in recreating this scenario. Instead of directly giving out subprime loans, major banks have lent money to smaller firms that don't have the same government restrictions who are in turn giving out the dubious loans. Real wages are stagnant, full time jobs are shrinking and being replaced by part time jobs not eligible for basics like obama care coverage, inflation is still increasing. Unemployment is more than double the recorded rates because the labor force participation rate has shrunk and unemployment is a % of the LFPR eligible workers not the number of total employables out of a job. Interest rates are creeping up from the Fed which in turn will jack up the monthly nuts of middle and lower class workers living on fixed incomes that can't keep up with the adjustable rate debt obligations they have. The average american family has over 840k of debt and $4021 (count those $21 because it makes a difference) of savings. America's congressional budget office has based our country's spending off of projections made in the 1990s during a one-off tech boom, assuming that concepts like Moore's law will extend forever into the future. Well productivity is dropping off and Moore's law hasn't held true. So now there's significant debt continuing to be racked up and international tension rising between America and China. What if China doesn't renew their US treasury holdings and they signal to the rest of the world by their abstention not to buy at the present rates? What happens when America can't keep borrowing money to pay off all its obligations to its citizens and their "basic needs" aren't being provided for anymore? Maybe it'll mean more people are renters, as we've already seen happening with middle and lower class demographics renting much more than owning (which in turn feeds wealth stratification... how do I get on the right end of that raw deal?)

Well a lot of these concerns are on a much longer timeframe than the next 5 years but it's inarguable that the mid-term prognosis for America's economic future is really quite bleak. How does this play into my strategy for investing my poker winnings? Well for one, if I'm going to buy a rental property I need to make sure it's in a market that has more than one strong employer with a good base of white collar workers that need housing so that my tenant occupancy rates stay high even during a slump. Two, I need to make sure my mortgage is via fixed interest so I don't get screwed when the Fed keeps raising rates (although to be fair they can only raise them a little higher before they'll have to drop them again and what're they going to do.... drop them below 0 next time we crash?). Three, I need to try and get the lowest interest rates I can so that I have the largest amount of leeway for paying off my monthly obligations. Four, I need to further investigate tax breaks for living within your multifamily property to maximize my savings at the end of the year to further increase my leeway.

There's more, like finding markets that have higher cap rates or deciding whether to invest where I live or elsewhere. How to move my money so it's set up to be used, where I want to live, whether I'll be in an area where I can find quality life partners etc.

I have a lot I'm thinking about nowadays, reading up on economics and real estate as much as I can while still putting my poker hours in and keeping up with friends both close and afar. I just got back from a run so wanted to smash out a quick blog post. Curious about people's thoughts on the above

I agree with your hypothesis about the future economic state of the US as well as many of the points you are pondering about how to capitalize and potentially diversify into different regions via real estate.

To be frank, if I was looking to acquire additional real estate today, it would not be residential and it would not be retail (hint hint). I may very well be biased though as my father has been spending his retirement dabbling in commercial real estate and has done very well with it.

I'd also consider other cash flow businesses other than real estate as greater returns are available for similar capital investments without increased risk (but perhaps slightly more active investments).

Glad to see you're aware of both sides of the story (mainstream news would mostly have us believe everything is great, it's gonna be great forever). Always nervous for people who have set their sights and are tunnel visioning on something and really only know concepts, like reading a book on RE investing, assuming they will get the avg xx% vacancy rate that's explained as normal and wow what do you know this property will pay for itself and I can retire in 7 years.

Not saying you shouldn't invest in RE or anything else for that matter, but glad that you're really getting into the thick of things.

I never comment to those who are tunnel visioning as it isn't my place and I realize me saying they should go deeper (or even tell them they're wrong) won't make a difference in what they'll end up doing.

I"ve also been having my fair share of doubts about the economic future of the U.S. i really dont wanna be one of "those" guys so i will sum up my 10 paragraph rant into one word.

Bitcoin.



Sent from my Z851M using Tapatalk

Yeah I wish it was that easy. I don't hold bitcoin any longer than I have to so I guess i'll miss the boat

Ya man i'm trying to position myself into a spot where my vacancy rates will be protected during the slump. It's a really important point. Thanks for the support.

I'm interested to hear more. Dunno if you'd like to skype sometime or smthg like that. Weak ties can have a tremendous impact on your life and I'm not one to ignore them


Yeah so I've been playing and studying some since my last update. I have been mulling over what kind of goal to strive for and been really thinking thru that line of thinking. I think I should shoot for a long term $ goal not a short term one, I think those aren't very good bc of variance mainly. And I know long term $ goals aren't much better but the $$$ is going to matter a lot to me for my life progress so that's what I'm going to go with. The new goal is shooting for +150k by next Feb at the tables starting from the 1st of this month.
That'll definitely give you guys something to sweat. I'll talk in the future about the ramifications of succeeding in this goal but for now I'll leave it as accelerating my real estate intentions beyond just a home for myself.

My friends and I went out to Mahiki for one of my friends bday and wow that was an experience. A great night for sure with some awesome indian food for dinner prior. So happy for him and so glad we could share it together.

Thankfully I've had a bit of an unexpected upswing and am at +$14,159/150k since the beginning of the month. Hoping to keep that going. Another 15k more and i'm no longer upstuck networth wise

Last night I also got to go to a play and spend the night with the woman I may eventually marry. Very excited, looking to grow that relationship as well as we can although she has just moved abroad as of today so we will have to do our thing in the meantime prior to any reunification potential.

Life is good.

Pretty smooth day today, bricked most of the mtts as usual altho got a mincash in the smallest (SCORE!!!). Otherwise cash was good although I got totally wrecked on my softest site.

I had the most atrocious hand come up today vs a super reg that really is something.



Like I took the dumbest most straight forward line and he just stacks off with one of his weakest hands. Uhhh ok.

I also didn't include my live winnings since I got here in June so after +6bi net today the new total is 17.849/150k

Well todays grind was wack. Wack in that I just had sooo much swing up and down the whole time. No flat parts at all. Got in 3 hours of playing and some studying, finally set up another site. Got a health exam, played my instrument, dinner with friends and checked out an esports bar that was pretty legit despite being in a weird area.

I fired off a couple hands of 15/30 short because there were two spots and more aggressively tried out 5/10 in good lineups. Very happy with my play all around. I feel like I'm in a great groove to put a ton of hours in now that I've got a really solid selection of sites and a roll that isn't in danger. I just have to be smart now about putting in as much A game as I can and taking shots when they come up, like that 15/30 today. I've been playing a lot of short tables recently so none of the spots that came up were out of my element. I was sweating some of my 2/5 hands way more than any of the 15/30 ones since the spots are way more intricate.

I did a little more yesterday and won a couple more buyins. Won small again today. Total is at 20,211/150k.

I was a sad boi



It's nice when your plan actually works instead of being shown the nuts

Haven't played too too much last two days. Been doing a bunch of errands, catching up with friends, playing my instrument and socializing. Dropped down to 13,161/150k. Soon I'll get a bank account and get access to my stars!!

Man I was thinking about raising turn, it would have been sooooo sweet

$200.00 USD PL Omaha
Seat 1 is the button
Seat 1: Player1 ( $1658.19 USD )
Seat 2: Player2 ( $215.51 USD )
Seat 3: Player3 ( $179.79 USD )
Seat 4: Hero ( $385.18 USD )
Seat 5: Player5 ( $309.03 USD )
Seat 6: Player6 ( $142.61 USD )
Player2 posts small blind [$1.00 USD].
Player3 posts big blind [$2.00 USD].
** Dealing down cards **
Dealt to Hero [ Jh Ts Jc Ks ]
Hero raises [$7.00 USD]
Player5 folds
Player6 folds
Player1 calls [$7.00 USD]
Player2 folds
Player3 calls [$5.00 USD]
** Dealing Flop ** [ 9s, 2c, 8c ]
Player3 checks
Hero checks
Player1 checks
** Dealing Turn ** [ Js ]
Player3 bets [$10.00 USD]
Hero calls [$10.00 USD]
Player1 folds
** Dealing River ** [ 7c ]
Player3 checks
Hero checks
Player3 shows [9d, 9c Kc Th ]
Player3 wins $39.90 USD from main pot
Hero doesn't show [Jh, Ts Jc Ks ]

HH converter is broke fwiw

Been having some connection issues so haven't been playing too too much. I'm in talks with a mentor about pivoting into a real job, I'd like to make this a part time gig asap.

Question for the lurkers, if someone is sitting an empty table and when you sit they fold their SB and sit out is that grimming? Is it required to send it back / etiquette to do so? I had never heard of this / come across it before. Curious, thx

If they weren't going to play and you were going to, hell naw, they can suck a dick.

a big ole' fatty too imo

Not like they were just going to fold top 10% hand. hella freeroll

For sure, my Skype is my name here @gmail.com