Hmm, yeah Ill do more research of course

and the bankroll thing is a good idea, I didn't even think about that

Since I'm in Japan I should put a good 20 buyins at a decent level and begin playing poker again; Ill probably make more money than any investment

Yeh - the only real way to beat the market is to take on additional (often hidden) risk or to know more than the market. The latter is very close to impossible in my opinion, but that's not the case in poker, particularly when we're talking about relatively small amounts - i.e, tens of thousands rather than hundreds.

But personally I'm bored with playing. If I didn't mind being bored then I'd still be playing.

Fryke, any money you're spending on a house in 2-3 yrs should prob be kept in bank account(s). Too much risk in the market for a short time frame.

Odds are you can't make significant money at cash games after being away from the game so long. Not trying to be a Dick or doubt your ability, but just what I know about the difficulty of the games.

If you knew how to get good at something the first time you can probably figure out how to get good the second time.

Except a blind monkey could have been good the first time. This time you may have to devote more time than it's worth to get good. It's been shown time and time again that very few people of the past still beat poker for a significant amount.

When I first got good you had to figure it all out yourself. Now there're a ton more resources out there. The problem is that people are lazy and people have egos. You needed the first rush of enthusiasm to get good. If you can get that again (or work through it) then, assuming the game can still be beaten, you can figure it out. That's my thesis anyway.

speaking of investments, i basically have too much money atm no idea what to do with it... looking of something reasonable to do with like $200k but haven't gotten around to looking into what to do so its been sitting in my bank account. Don't have any real debt, plan on playing poker for the next 2-3 years baring any unforeseen circumstances before reevaluating what im doing with my life. I also don't know anything about investing and want it to be a simple as possible... Thoughts?

Well pretty much all I've written applies.

You aren't likely to find it hugely simple the first time. I bkk means Bangkok, but I also assume you have a US or EU bank account so it shouldn't be too hard to open an account with an index tracker fund.

mehh don't agree with this. There are always bigger idiots than yourself. The only thing you have to do is figure out where they are. If you really want to have an ego go ahead and become grandmaster pokerplayer 2.0 and cockfest the regulars.

go to business finance and investing forum and post your situation in their stickied thread. they should have some decent advice.

klink, get a financial advisor. maybe ask around with family and friends to find someone they trust. for 200k, the benefits of having a competant advisor that can help you invest the money and minimize tax liability greatly outweigh the costs imo. without any investment expertise, I would not try to manage the money myself. just be sure to find out how the person gets paid because some finance professionals have the "advisor" title but are paid not on how well your portfolio does but on how often you trade your account. The best advisors are fee based imo. Maybe even someone at a place like Vanguard would be down to talk to you for that sum of $$$.

He's in Bangkok

Can have meetings from overseas. Technology is neat.

In my experience that happens so rarely as to be never, if we're talking video conference or similar.

I mean, you could do a phone call but I don't think I'd trust someone with $200k having not done the initial meeting in person.

I wasn't really under the assumption that klink would let somebody manage the money. Was more under the assumption he would talk to a CFA or CPA about tax implications during a meeting. I think letting people manage your assets is crazy b/c they charge too much.

This all depends on what Jason wants to do in the future as far as liquidity, career, etc.

Private investing is much more interesting and profitable (and fun if you like businesses).

For example (not that I am pitching) our company is scouting for some private investments. If I would now get an inheritance I would snap invest all of it. However, this also depends on what you like. Private investing is also a good way to network for a future career.

Beware of shady people though and make sure you have a good accountant to look through numbers with or for you.

Isn't it the other way round? You need a network to make private investments?

Why? There are always companies in need of money, it is just not easy to find a good one. But if you put word out in the banking world that you have 100k+ and are open for offers I don't think you will have much of a problem getting some meetings.

New update to the 2+2 app on Android!

this is the kind of chicken or the egg of finance networking

Test

I may be pessimistic, but isn't that a real good way to lose 200k? Especially if he's not a business major or whatnot


btw the first thing I'm going to do is go to Amsterdam with my friends

If you control that kind of money I am assuming he has financial advisors to read the books for him. Common sense coupled with common sense gets anyone a long way.

But yes, it is not possible to get high rewards at no risk at all.

anyone have an extra HEM2 key they're not using/willing to sell?