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Old 07-18-2005, 01:03 PM
A_PLUS A_PLUS is offline
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Join Date: Aug 2004
Posts: 44
Default Financial advice for young and wealthy

After seeing Newt_Bugs post on what young players do with their money, I offered my help to the younger posters with some free financial advice.
I received a few responses, so I figured I would expand on the project slightly.

What: I am going to start a small e-mail group, to help the young (or old) newly cash rich internet poker pros manage their money. Basically, my goal is to teach the really important concepts of money management in a very poker oriented way. I already work as an analyst / portfolio manager for a financial institution, unless someone has 1M$+ in assets, I can not bring them on as clients. Also, I don't want to deal with the ethical problems of doing actual fee based money management outside of work, so this is going to be a teaching endeavor only.

Why: Not to sound old (I'm only 27), but I want to look out for the young guns in the game (and most importantly on this forum). About 90% of the financial advice out there is pure garbage, and that is only within the financial industry. You add in the thousands of other people who see a young kid with 20 grand in the bank, as an easy target, and there is plenty of bad advice out there. I use the poker expertise of the young players to pad my ROI, at least I can share my expertise with them

What's in it for me? I would appreciate if anyone who decides to take me up on the offer, would be willing to provide me with a little coaching. Whatever you feel like doing is fine with me, review a few HHs, general lessons, etc.

If anyone is interested, PM me, and I will add you to the email list. I would be willing to post some stuff on the forum if there is enough interest.

Tom
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