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#1
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Managing a Large Bankroll
Hey all,
This might not be the best forum for this, but I've seen bankroll questions here before... This post is mainly directed toward players who have very large bankrolls, both in terms of dollars and relative to the stakes that they play. Currently, my bankroll is split between online sites and a run-of-the-mill, pay-almost-0%-interest savings account. I feel as though my bankroll is far too much money to just let sit around the way that it is, but at the same time, I don't want to completely sacrifice my liquidity. How have others handled this problem? I'd appreciate any suggestions that y'all have. Thanks in advance. ML4L |
#2
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Re: Managing a Large Bankroll
sounds like you could put some $ into a long term investment thing like a mutual fund. But I'm an investment noob so don't quote me
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#3
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Re: Managing a Large Bankroll
[ QUOTE ]
you could put some $ into a long term investment thing like a mutual fund. But I'm an investment noob so don't quote me [/ QUOTE ] No. He needs liquidity. You should not invest any money you might need in the next five years in the stock market. Oh, crap. You asked me not to quote you. Sorry. [img]/images/graemlins/wink.gif[/img] -web |
#4
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Re: Managing a Large Bankroll
I currently keep 150 BB on two different sites for my limit games. I'm planning on opening an ING savings account which gives you ~2.5%. Can easily withdraw the money from your ING account to your linked checking account.
Obviously stay away from stocks and mutual funds if you may need the money within the next 5 years. |
#5
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Re: Managing a Large Bankroll
Just a suggestion. I haven't really looked into its viability or profit potential at all.
You might want to look into depositing into one of those european sites. That way if the american dollar continues to depreciate vs. the euro you are making money. Obviously there is the inherent risk here that if our dollar actually makes up ground you are going to lose money but I am sure that a little research will help you speculate the direction in which we are heading. -Steve |
#6
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Re: Managing a Large Bankroll
[ QUOTE ]
You might want to look into depositing into one of those european sites. That way if the american dollar continues to depreciate vs. the euro you are making money. [/ QUOTE ] If. If you are a international economics/forex expert, by all means make whatever currency play you want to. But if not.....stay within your circle of competence. If you don't know how to do something, either (1) learn how to do it or (2) don't do it. In this case, (1) would take way more time than you think, so just stick with (2). -web |
#7
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Re: Managing a Large Bankroll
I wish I had a "dilemma" like this for my 1000th post instead of something like whether to raise with JJ at the Party $1/2 game.
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#8
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Re: Managing a Large Bankroll
Come on that's a fold, your going to get drawn out.... [img]/images/graemlins/grin.gif[/img]
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#9
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Re: Managing a Large Bankroll
you could stake someone
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#10
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Re: Managing a Large Bankroll
[ QUOTE ]
you could stake someone [/ QUOTE ] *cough* |
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