Re: My first Post (i am new)
If I were 18, I'd think there were three legit investments with $4000.
1. Your college education. Face it, you aren't going to be a pro poker player. Poker can supplement your income, but don't depend on it. And even if going pro were a legit goal, get the education. Nothing has a higher return. (Not to mention the fish in college dorms and frat houses.)
2. If you have the skill, bankroll it into higher limits. Caution is warranted, but again, a pretty high return if you have the skill.
3. Declare the income and put it in an a deductable IRA. (I assume you can do this. Tax experts may wish to chime in.) Then simply buy a S&P 500 Index fund or Spiders with dividend reinvestment. Let sit for 50 years. Dull. Boring. The route to lifetime financial security. (Assuming a 10% return, that would make it worth about half a million.)
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