I had forgotten that I started to write some investment suggestions and never completed it it. Here is a Q&A on day trading I wrote in April. So how should one invest all the poker moniez you accumulated thru pwning noobs and nit regs?
Don't keep an absurd amount of money online (link to old post). Plenty of people keep like 200 buy-ins online. That's fine if you need it to not go on tilt or if you are an extreme shot-taker. But the extra $20K a year that you keep online could be earning you $1K a year in return, could be guaranteed, could be seized by FT/Feds for "various" reasons, etc (see Discogate - later post). And if you are a foreign player, you can reduce your exposure to exchange rate risk. Because I play so much Rush poker, I rarely keep more than 20buy-ins online. I can redeposit up to $3K a day and I get $1K a week in rakeback, and I have a cache of FT points, so I only need to redeposit in cases of severe run-bad. It doesn't bother me in the least, because I know what's online is not my bankroll - it's just my working capital. Most business don't keep all their money in a checking account. Neither should you.
3. My suggestions for investing in securities in a later post.
WHAT'S FOR DINNER
Mrs. Fly *loooves* a plate full of pasta. I think it's okay... as a palate cleanser. Recently, she made this alfredo sauce what was amazing - I think it might be one of her first recipes (assuming she ever writes for the blog again - hmph!). She brought a low-meat version (crumbled sausage only) to one of the Halloween parties and it was very popular. Fitting it was served at Halloween - lack of dead animal on my plate scares me.
Ouch, That Hurt
5 hours ago