Curious if anyone else does anything with their profits to make money outside of reinvesting it back into poker/backing...stocks? real estate? start-ups? drug cartels?

Well i don't make money enough yet in poker :P but i have investment in real estate, it makes you money while you sleep and are away :) one thing, don't go and buy some old property. I buy new and high end so i don't have to repair and i get top dollars.

$AAPL FTW

Anyone looking to purchase an asphalt paving company in Chicagoland area? All staff & management are in place. I just need a different ownership structure due to some union issues I'm having. I'm serious. PM if you have any questions or interest. I would basically sell off the company for what the equipment is worth. All mgmt and staff are in place. 35 years in the community operating.

 

Originally Posted by GINS FINEST

Real Estate: Me and some friends are looking to buy house/s in a college town and renting them out to college kids. Also, my dad runs a home improvement/windows/roofing/siding/ and my older brother has worked there for basically the last 7+ years and are looking into flipping houses ( we can get the supplies for a fraction of cost becasue we get straight from manufacturer/can do alot of work ourselves).

Waiting for my friends to graduate from school next year so someone can tell me what to invest in.

This is the way to go if you have some capital and this is great because of the potential discounts b/c of your connections... Flipping houses can be a ton of work but if you know what you're doing, it can be pretty easy to generate a nice profit... plus, you're gonna be your own boss and pretty much work when you want to.
Not what dacash said unless he is talking about buying foreclosures that were fixed up for under TAV, renting them out for a couple years and selling them when the market makes a full rebound. I'll be flipping houses once I get some capital, hopefully within the next 6-8 years.
To answer Jas original question, there is plenty of places to make money, just have to be knowledgeable about certain items ... just to throw some things out there: art, jewelry, coins, etc. Obv these are gonna be more long-run then flipping a house or investing in Real Estate but if you know what your buying some of these things more then double in 10 years.

UB blackjack obv...

 

Originally Posted by AJyowler

people buy coins? should I invest alot in stamps as well?

I have no idea... just an example. If you know enough about a particular subject, chances are you can make money
If you're looking short term, walk up to the roulette table and put it on black

Bought some really scruffy ghetto houses for pennies on the dollar and became a slum lord. The income is low, the turn-over is high, but the high-quality material I'm getting for a potential book from this whole experience could be worth millions.

 

Originally Posted by Ninemil

Vanguard S&P 500 Mutual Fund contained in a Roth IRA - max it out at 5k every year, and withdraw all your money tax free when you're 59 1/2. If you can wait.

Otherwise, SEP fund FTW, and pretty sure you can contribute like 40k/ year to that or something...

Can't really go wrong with the S&P 500 as the last 80 or so years have told us....

I went to school for Business/Econ and this is what all my professors swear by. I personally opened a ROTH last year and maxed it out at the 5k, and plan on doing that until I can take all my moneys out, then go to an island and sip fruity drinks and smoke paper planes with my Rastafarian homies

t

This is my new life plan... tytyty

 

Originally Posted by chaz78

Thinking of opening a Biker midget bar with KY jelly wrestling on Tues n Thurs but I need like heaps more min cashes to reach my dream

yes this needs quoted

 

Originally Posted by otang4prez

I would like to make an offer of three fiddy. LMK if that is in your ballpark area. I might be able to come up a little.

350k? We are in the ballpark for one of the options(I have 2 companies and multiple options). If you are serious, PM and I'd be happy to talk more and give you some info.

Real Estate, and if I was a Floridian and could avoid the non-resident tax I would be all over it. If its a long term investment well within your bankroll and you can afford to hold, Florida has hit the basement (or damn near).

found 4 crack dens downtown - went in with pipes and bats and beat those heroin junkies to a bloody pulp....fixed up the place and now rent to white middle class who pay big rents.....thats how i roll

 

Originally Posted by z06fanatic

found 4 crack dens downtown - went in with pipes and bats and beat those heroin junkies to a bloody pulp....fixed up the place and now rent to white middle class who pay big rents.....thats how i roll

lol

There are a lot of synergies between poker and trading. My plan is to walk away from poker with at least $250k to trade on. My bro trades a similar roll so to speak, earns 1% a day on average. His strategy is simple, if he sees something thats trading outside of its normal trading range, he'll put in a large position and get out in sometimes seconds. Buy AMZN $250k worth, 90 seconds later, sell it for a $5k profit...sick life.