What would you do if you just won 58k last night?

[cnfuzzd]

i would stake my good friend cnfuzzd. thats what i would do.
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peace

john nickle

[adios]

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everyone says invest it. i have to say i have no idea what that even means. do you really think i'll get a better rate than i would get playing poker?

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Depends on how well you play at the limits that your $58K will bankroll you for. You might very well be better off to use it to play poker. For example I would think $58K would bankroll you for $80-160 limit hold'em.

[Six_of_One]

I like to think of a bankroll as a big pile of money. Since you're a winning player, you really only need the portion at the top of the pile (unless you start playing 80-160 or something, as another poster mentioned). So, you might as well do something with the rest of it, because 8% or whatever is better than nothing.

[soccerboy9]

i dont know if this was already said but....

"two chicks at the same time"
-office space

[Freakin]

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can you deduct taxes if you spend money on a down payment

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(This doesn't apply if you sell and use the money to buy another house, though, I think).

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I think you have to purchase a new home within 90 days to avoid paying tax on the appreciation.

Freakin

[Sponger15SB]

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i dont know if this was already said but....

"two chicks at the same time"
-office space

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yes, it was.

twice

[Patrick del Poker Grande]

Congrats again to Daryn.

Let's see... I'd pay off my credit cards, fatten my bankroll, then turbo the [censored] out of my Protege5 and buy a new car, most likely a WRX STI. Oh, and I'd also buy a sweet ass laptop and maybe something shiny for my wife.

[citanul]

Yeah, to fill out what the other poster says, you have 58k, or 40k after taxes maybe?

So say you play a game that you need something mildly insane, like 30k to haev "bankroll" for.

So, playing you game, say you intend to make, some number like 100k, playing poker in the next time unit, using your 30k. You clearly explect to make the same amount at a given limit with 30k in your bankroll online, or 1 million. So if you invest all of the money that isn't needed in your active bankroll in any account that bears any interest at all, you're making a +EV move.

If you decide what you want to do is move up to the maxiumum limit your new money allows, hey, more power to you.

Good luck,

citanul

officially voting for you thorwing a huge party in vegas.

[soccerboy9]

lol. just started reading the post when you said that.

[daryn]

so should i just throw this cash into the bank? seems like the interest is almost negligible though.