Sonntag, 9. August 2015
Smart investing for pokerplayers and expats
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!