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Old 09-14-2005, 08:52 PM
bob2007 bob2007 is offline
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Join Date: Nov 2002
Posts: 77
Default Re: How many of you have invested poker winnings?

I've invested my poker winnings, but I have very little money. My portfolio consists of 1 stock, at a value of 4000US. I've been in and out of the market for the last 2 years, cause of tuition costs, having to take money out and put it back in. I've only invested in 3 stocks thus far.

RY -3 bucks in total, held for 6 months.
Goog up 37% held 3 months sold in Aug.
PDC up 12% in the last 1/2 months.

Probably a small sample, hopefully the success will continue. I scour as many stocks and find the best one with acceptable risk.

I'd advise you to learn a lot about investing or don't bother picking stocks, just like poker. Go to a broker put your money in a mutual fund, returns will likely be similar to the market (which has been pretty crappy for this year). But you won't have to put much effort. Ignore guaranteed investments since they barely return more than inflation.
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