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Article: Savings Tips for Poker Players

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  1. CardXFactor CardXFactor is offline

    Posts: 606
    Joined: Aug 06

    Oct 7th, 2008 (10/7/2008 5:50am)

  2. lordxixor101 lordxixor101 is offline

    Westland, MI
    United States

    Posts: 6,364
    Joined: Mar 06

    Oct 7th, 2008 (10/7/2008 6:32am) in reply to CardXFactor

    <p>Fine investment article.  I would really encourage anyone here who is interested in handling their money (whether they are a pro with a ton of money or just out of school just scraping by) to read some financial websites.</p>
    <p>One is fool.com.  I don't go there all the time, but I use to.  It is a fantastic site to learn about money.  They have a large free area (their pay areas are mostly for stock picks) that break everything down nicely.</p>
    <p>Money.com is another good site with some thoughtful analysis on the world.  It's not at Wall Street Journal quality, but you have to pay to see wsj.com</p>
    <p>Note, I'm not affiliated with either site, just trying to help everyone out who is interested.</p>
  3. dgillis dgillis is offline Moderator

    CA
    United States

    Posts: 1,903
    Joined: Mar 08

    Oct 7th, 2008 (10/7/2008 8:29am) in reply to CardXFactor

    <p>Just wanted to add that the alot of the "safer" investments also have great tax advantages, which in effect adds 15-30% on your investment (because you dont pay taxes upfront) so when you put many of these into the calculators to compare with the much riskier investments (such as the stock market) the difference in money earned is much less than you would probably expect... oh and you might sleep better at night. I know we all love action, but I like my action on the poker table, not in my savings account. </p>
     
  4. AnUndoneHalo AnUndoneHalo is offline

    United States

    Posts: 5
    Joined: Jul 07

    Oct 7th, 2008 (10/7/2008 8:31am) in reply to CardXFactor

    <p>wow, very informative. thanks!</p>
  5. QAsRevenge QAsRevenge is offline

    Washington, DC
    United States

    Posts: 13
    Joined: Nov 07

    Oct 7th, 2008 (10/7/2008 11:13am) in reply to CardXFactor

    <p>I have found that the free stock market games such as the Virtual Portfolio on marketwatch.com or wallstreetsurvivor.com, can help you gain valuable investing experience without risk. I believe that a poker player with his/her experience managing a bankroll, has a distinct advantage over most beginning investors. </p>
  6. bob2bob bob2bob is offline

    Henderson, NV
    United States

    Posts: 986
    Joined: Feb 06

    Oct 7th, 2008 (10/7/2008 11:21am) in reply to CardXFactor

    <p>I have used Schwab investor checking for about a year now.  Right now its getting 3% on the checking account with no minimum balance.  All atm fees are returned each month.  All you have to do is open a schwab brokerage account but you don't have to invest anything to get the checking account.  Obv all the perks, bill pay, free checks, etc are included.</p>
     
  7. Pastwind Pastwind is offline

    Albi
    France

    Posts: 12
    Joined: Dec 07

    Oct 8th, 2008 (10/8/2008 6:46am) in reply to CardXFactor

    <p>Wow! Wish I lived in the US so I could take advantage of all the financial expertise that seems to be concentrated there.</p>
  8. kasilof kasilof is offline

    Northridge, CA
    United States

    Posts: 864
    Joined: Jun 06

    Oct 8th, 2008 (10/8/2008 2:13pm) in reply to CardXFactor

    <p>I suggest people look at Jim Rogers videos on youtube.  2 years ago he recommended to short bank and housing stocks.  Putting money in MMs is basically giving money to yahoos that take out big loans and AIG. </p>
  9. Billjayman Billjayman is offline

    Fort Smith, AR
    United States

    Posts: 7
    Joined: Jul 07

    Oct 20th, 2008 (10/20/2008 3:13am) in reply to CardXFactor

    <p>I'm getting 9% annual return on a 30 day time deposit here in Indonesia.  I could get a higher rate if i go for the 12 month.  Why play the market with those kind of returns?</p>
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