Quote:
Originally Posted by Alpha Fish
what's a solid winrate?
how many hours of aforementioned solid winrate does he need to play to repay his punted $50K plus interest plus expenses?
A solid win rate is an hourly higher than the pay rate he could expect to make elsewhere, like teaching, tennis, or whatever. I'm not saying that he shouldn't consider other options as plan B, but poker is a solid plan B alone, if that's what he wants to do, in my opinion.
The majority of the people in this thread think that Ray is taking too much risk with volitile stocks. Let's assume this is true and is destined to lose money in the long run. Will he pull back before busto? I would hope/think so.
Let's look at the worst case scenario. The stock market eats all of his starting capital plus margin. He ends up with a half paid off house.This would not be good, no doubt about it,especially after having it paid off. I hope this doesn't happen but if it did, he would still be better off financially, as a whole, than the "average" person/family in this country. He has a wife that has a good job and is fiscally responsible and Ray can always find a plan B because he is survivor/grinder.
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