Sonntag, 9. August 2015
Smart investing for pokerplayers and expats
Sup guys,
you probably werent expecting to hear from me so soon after last post but this one isn't about poker it's about something i wanted to write for a while now: Investing your money!
For me personally it goes way back. I'm one of the biggest winners at my stakes but apart from playing poker and transfering that money into my bank accounts i never did anything with it. And there are better ways than having a couple of hundred k's lying around in bank accounts making 0% a year and losing to inflation and stuff. And what i gathered so far is that like 80% of pokerplayers operating exactly like this basically because they are uninformed about opportunities, unsure about taxation, scared of dodgy financial advisors or just too lazy and always say "yeah i gonna invest some money soon" and push it further and further. Especially the last point was very true for me personally but i changed this beginning this year.
I have a good friend i know for several years now who works as a financial advisor for one of the biggest financial investment companies worldwide for over 10years now. However this guy never approached me and asked me to invest some stuff with him so that i had to take matters in my own hands this year and approached him about this.
In the end i opened up a retirement investment where 1.5k getting booked of my credit card each month for the next 10years, that money goes into an account where it gets reinvested and you are supposed to make 5-8% on that per year - does sound better than having your money stuck in your overseas bank account, no?
I also invested some money in structered notes and stocks over an independant platform where risks and rewards are abit higher. But this is just me and possibilities are pretty much endless.
Since alot of guys are just uninformed and lazy i wanted to write this blog to give you an opportunity to take action. You are not dependant on doing the research yourself, you get a strong contact via me. A guy which works in this industry for years and who is already working together closely with other pokerplayers (myself included). Now obviously this is also a self-serving post. If i forward him clients i make money through commission and he makes money through commission. But ultimatively you will make money as well. So essentially this is a win win win for everyone. I also want to note that i don't want/need to make some quick cash here. If you follow this blog closely you should know that i do very well for myself but i genuinely believe that this is a good opportunity for alot of guys getting some of their hard earned money invested with decent returns. As long as capitalism and the interest system is still in place it's just plain stupid not to take advantage of this completely indepedant of what you might think of it.
If you are interested in this the most important things are:
- you cannot live in the UK or in teh land of teh free because of tax reasons
- it doesnt matter which nationality you are from
- 50k minimum for fixed investments
- 1k minimum/month for structured investments (the one i described above aka retirement plan)
- for most people living abroad it will be tax free, this doesnt apply if you are american
That's the main cliffs you should keep in mind if you are interested in working with us. Every other details can be discussed directly with my friend.
I also want to point out here that we are talking about fincancial investements and every single one of those will have a certain risk and there is a chance to lose money. It's completely up to you how much risk you are willing to take but in general the higher your potential return is the higher risk that investment brings along. Since this is mostly written for pokerplayers i'm quite sure though that you are familiar with the system of risk/reward and so on. Just wanted to emphasize that all i'm giving you is a very strong contact to a financial advisor i know very well and would vouch for any day. A guy with whom i have invested a decent amount of money myself. But by no means i'm responsible for your investments/money so be aware that if you go down the road and invest some and it doesn't go according to plan that was your decision and neither me nor my friend will be responsible for this by any means.
That's all i wanted to write about this. If you want to get further information about what is possible and what not, what to expect, etc. just get in touch with me and i will forward you (preferably via Skype) to my friend to discuss details. There is absolutely zero cost to get in touch with him and get informed about that stuff, if you don't like what you hear there is no obligation to invest anything.
Allrighty, hope that i can help some people out with this, if there is any interest you know how to reach me!
peaze
Samstag, 1. August 2015
July at teh office
Another month another update.
Fairly on time which says that things overall seem to have been allright.
Overall pretty decent but rather unspectacular months. If you dont check results you always know how things are appromixmately but over the course of the month you tend to lose track sooner or later. More often than not you are positively surprised but this time i honestly expected abit more than just the 6k i was able to bank. Obviously this is complaining on a fairy high level so i will stop at it right here and provide the graphs:
Abit over EV dollar wise, abit more buy in wise. As you can see fairly hot start, then a while into breakevensville, some real heat and back to breako.
Pretty similar picture in Bigblinds, think i was 13 stacks above EV which is definitely nice.
You can see with rakeback i almost exactly hit the 10k USD mark which is nice because 10k is alotta money and can buy alot of things :) Theres certainly some swings included but the positive ones almost always outway the negative ones which always tends to give alot of peaze of mind. Was happy with my game overall even though i would've wished/hoped to hit 10k before rakeback. Regarding stakes this is like 1% 600, 5% 400, 24% 200 and rest hundo. Was pretty much 50/50 split between ring and 6max and was running decent at all stakes apart from 100 6max where i lost a bunch which is somewhat surprising because it prolly is the softest gametype im playing atm. But yeah, made that back at the deep tables and in generally ran good at 200 and 400 so that's that.
Days break down as following:
Definitely higher swings then the last month but unsurprisingly because i had NL400 6max again in my filter for the first time in a while which tends to creates swings both ways. 9 losers out of 30 could be better but could also be worse. Still waiting for that 2k day which i havent had in a while...+2k that is!
Main negative aspect where im really not satisfied is volume. Of course as being discussed i play less table lately and therefore get less hands per hour but really wanted to hit 125k hands which i slightly failed. Not biggie but still. The main problem i currently have/had is that i aimed to play 4-6 sessions a around 750hands. Afterwards at least 15minutes break to cool down. What happens now is once i run hot i play 500 hands quit, i play 600 hands quit but i dont play 750. I also tend to play only 4 or max 5 sessions over the day when running hot while originally planned to play 6. Vice versa once i run cold i dont stop at 750, i stop at 1k, 1.2k, or take supershort break and essentially play one long session. Over the next month(s) i really want to experiment with fixed session lenghts aka 1000 which is around 90-100 minutes. No matter if im up, down, etc - i play 1k hands. Only exceptions are if for some reason i don't get enough tables, are supertired/unfocussed or i have jesus on a massive whale at 600. But for the most part i really want to stick to this and see how it goes. Clearly my current system is working but the question is to what degree and i'm sure it isnt max EV. Theoretical it should make sense playing longer when running hot - 1k hands instead of 500 and shorter when running cold - 1k hands instead of long session of 1.8k or something. This way i should be able to maximize earnings while minimize losses and also makes it alot easier to time your day.
If this doesnt work out for whatever reason i havent though of yet i can still revert to how i was doing things the last 2 months.
Another thing i want to change as well is waking up and going to bed abit earlier. Average wakeup time this month was 1:30pm and i definitely want to push that back to noon. I also dont wanna grind after 3am and be in bed by 5am. Ambitious, i know, but hopefully it works out.
Regarding reallife not a crazy lot went on. Wasnt out club very often and took a miniholiday to Krakau for 2 days at the end of the month to attend another pokerplayers wedding. Was good weekend and fun catching up after a long time and a well deserved break from teh office as well. That being said though i went out both days in Krakau and was essentially hungover for 5days, was damn close to puking the plane, etc. I really have to figure something out to make all this stop or i really have to quit drinking for good sooner or later because im really not willing to put up with that shit anymore. I have 6 hours fun and be completely out of order for at least 24 hours followed by a state of mild depression combined with zero motivation to do anything. That gets worse and worse every year now and i somehow have to deal with that shit. Not even to mention how much money i lose out on while not being able to work/finding no motivation to work. That wouldnt even be the worst thing if that time would be quality time but its pretty much nutlow time. Anyways, went to pharmacy and bought alot of stuff i will experiment with over the next couple of drinking sessions to see if i can get it fixed or im really going to evaluate. As usual you heard it here first. And for all the young guns beginning 20s i can only give you the advice to party as much as you can bc there will come a time sooner than expected where things change... Resume of all this is the aftermath of drinking sucks especially once u cross the 30-line, beware!
Im also as being focussed on the carhunt atm. Abandoned the plan to get the 160k Corvette because 160k well, its abit excessive given the general poker economy etc. And until i can buy a used one for a reasonable price will at least take a couple of years.
So currently i have pretty much the following options:
- get something cheap which i dont like for 25k - no
- get something american aka mustang, camaro or old corvette for 40k - would be the most sensible decision but im not sensible in regards to car so probably no
- lambo gallardo for around 80k after bumhunting one - always said i gonna drive lambo by the age of 35 but also spend the last 5 years telling people the gallardo is for lamborghini what the boxter is at porsche: essentially a car for people who want to drive lamborghini but cannot afford lamborghini so i cant really get the gallardo no matter what happens...
- get a porsche 911, aston vantage, maserati gran cabrio or jaguar f-type with 50k km+ for 70-75k - definitely an option but then again:
- get a brandnew Corvette 2015modell cabrio for 100k
As you can see i'm currently tending to option 4 (just because that fucking brand was created for me) but i change my mind fairly often so who knows. Also have to get my drivers license back first which i lost in Asia and its a damn pain in the ass to get it sorted. Essentially had to commit to a new health insurance to confirm my Austrian residency in order to get the license. Still don't have it and i hope it takes 2 weeks from now on but afteral what happend im not even sure.
Think that enough for now. Pokerplans i already elaborated earlier on. Regarding life in july i have some old friends coming over the next 2 weeks so that i have to go out clubbing every now and then and at the end of the month i will take my monthly miniholiday. This time Zurich is on the list where i will visit my first ever roomate from german university (who is a giant moron but also a fun guy) and attend a giant rave called the Street Parade which is essentially what the Love Parade was only in Zurich instead of Berlin. That gonna be good for sure and i hope im not too old for that shit.
peaze out and for teh case you grind gl at the tables but moar luck to me
ahhyes, some pictures - arent many though #boring
Fairly on time which says that things overall seem to have been allright.
Overall pretty decent but rather unspectacular months. If you dont check results you always know how things are appromixmately but over the course of the month you tend to lose track sooner or later. More often than not you are positively surprised but this time i honestly expected abit more than just the 6k i was able to bank. Obviously this is complaining on a fairy high level so i will stop at it right here and provide the graphs:
dollar EV july |
Abit over EV dollar wise, abit more buy in wise. As you can see fairly hot start, then a while into breakevensville, some real heat and back to breako.
BBs won |
Total earnings including rakeback appr. |
Days break down as following:
By day |
Main negative aspect where im really not satisfied is volume. Of course as being discussed i play less table lately and therefore get less hands per hour but really wanted to hit 125k hands which i slightly failed. Not biggie but still. The main problem i currently have/had is that i aimed to play 4-6 sessions a around 750hands. Afterwards at least 15minutes break to cool down. What happens now is once i run hot i play 500 hands quit, i play 600 hands quit but i dont play 750. I also tend to play only 4 or max 5 sessions over the day when running hot while originally planned to play 6. Vice versa once i run cold i dont stop at 750, i stop at 1k, 1.2k, or take supershort break and essentially play one long session. Over the next month(s) i really want to experiment with fixed session lenghts aka 1000 which is around 90-100 minutes. No matter if im up, down, etc - i play 1k hands. Only exceptions are if for some reason i don't get enough tables, are supertired/unfocussed or i have jesus on a massive whale at 600. But for the most part i really want to stick to this and see how it goes. Clearly my current system is working but the question is to what degree and i'm sure it isnt max EV. Theoretical it should make sense playing longer when running hot - 1k hands instead of 500 and shorter when running cold - 1k hands instead of long session of 1.8k or something. This way i should be able to maximize earnings while minimize losses and also makes it alot easier to time your day.
If this doesnt work out for whatever reason i havent though of yet i can still revert to how i was doing things the last 2 months.
Another thing i want to change as well is waking up and going to bed abit earlier. Average wakeup time this month was 1:30pm and i definitely want to push that back to noon. I also dont wanna grind after 3am and be in bed by 5am. Ambitious, i know, but hopefully it works out.
Regarding reallife not a crazy lot went on. Wasnt out club very often and took a miniholiday to Krakau for 2 days at the end of the month to attend another pokerplayers wedding. Was good weekend and fun catching up after a long time and a well deserved break from teh office as well. That being said though i went out both days in Krakau and was essentially hungover for 5days, was damn close to puking the plane, etc. I really have to figure something out to make all this stop or i really have to quit drinking for good sooner or later because im really not willing to put up with that shit anymore. I have 6 hours fun and be completely out of order for at least 24 hours followed by a state of mild depression combined with zero motivation to do anything. That gets worse and worse every year now and i somehow have to deal with that shit. Not even to mention how much money i lose out on while not being able to work/finding no motivation to work. That wouldnt even be the worst thing if that time would be quality time but its pretty much nutlow time. Anyways, went to pharmacy and bought alot of stuff i will experiment with over the next couple of drinking sessions to see if i can get it fixed or im really going to evaluate. As usual you heard it here first. And for all the young guns beginning 20s i can only give you the advice to party as much as you can bc there will come a time sooner than expected where things change... Resume of all this is the aftermath of drinking sucks especially once u cross the 30-line, beware!
Im also as being focussed on the carhunt atm. Abandoned the plan to get the 160k Corvette because 160k well, its abit excessive given the general poker economy etc. And until i can buy a used one for a reasonable price will at least take a couple of years.
So currently i have pretty much the following options:
- get something cheap which i dont like for 25k - no
- get something american aka mustang, camaro or old corvette for 40k - would be the most sensible decision but im not sensible in regards to car so probably no
- lambo gallardo for around 80k after bumhunting one - always said i gonna drive lambo by the age of 35 but also spend the last 5 years telling people the gallardo is for lamborghini what the boxter is at porsche: essentially a car for people who want to drive lamborghini but cannot afford lamborghini so i cant really get the gallardo no matter what happens...
- get a porsche 911, aston vantage, maserati gran cabrio or jaguar f-type with 50k km+ for 70-75k - definitely an option but then again:
- get a brandnew Corvette 2015modell cabrio for 100k
As you can see i'm currently tending to option 4 (just because that fucking brand was created for me) but i change my mind fairly often so who knows. Also have to get my drivers license back first which i lost in Asia and its a damn pain in the ass to get it sorted. Essentially had to commit to a new health insurance to confirm my Austrian residency in order to get the license. Still don't have it and i hope it takes 2 weeks from now on but afteral what happend im not even sure.
Think that enough for now. Pokerplans i already elaborated earlier on. Regarding life in july i have some old friends coming over the next 2 weeks so that i have to go out clubbing every now and then and at the end of the month i will take my monthly miniholiday. This time Zurich is on the list where i will visit my first ever roomate from german university (who is a giant moron but also a fun guy) and attend a giant rave called the Street Parade which is essentially what the Love Parade was only in Zurich instead of Berlin. That gonna be good for sure and i hope im not too old for that shit.
peaze out and for teh case you grind gl at the tables but moar luck to me
ahhyes, some pictures - arent many though #boring
one of my countless driver license runs |
funny and ohhtrue mtt meme |
sucking some sun on teh rooftop |
very appropriate wedding sign |
radisson blue krakau |
my vienna douchbag outfit if i feel like annoying people |
picture from the wedding |
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