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#3
12-17-2005, 04:59 AM
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Re: What to do with a little money?
wfmi
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#4
12-17-2005, 06:29 PM
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Re: What to do with a little money?
[ QUOTE ]
Anyone else have better suggestions [/ QUOTE ] My suggestion is that if you have never had much money before, then you post a question on a poker board about the possibility of starting a vending machine business, and you only get one reply, and that reply tells you to buy SPY, and doesn't give you any reasons why or ask about anything else from your circumstances, and you're actually thinking of doing what he said, then .... ....well, I've forgotten where I was going with that, but I think you get my point.
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#5
12-17-2005, 07:24 PM
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Re: What to do with a little money?
[ QUOTE ]
[ QUOTE ] Anyone else have better suggestions [/ QUOTE ] My suggestion is that if you have never had much money before, then you post a question on a poker board about the possibility of starting a vending machine business, and you only get one reply, and that reply tells you to buy SPY, and doesn't give you any reasons why or ask about anything else from your circumstances, and you're actually thinking of doing what he said, then .... ....well, I've forgotten where I was going with that, but I think you get my point. [/ QUOTE ] No, it's just that this is the best advice I have received yet.
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#6
12-17-2005, 08:17 PM
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Re: What to do with a little money?
OK, here's a real suggestion: put your money in an FDIC-insured instrument (HSBC, ING, and Emigrant Direct seem to be good choices with high yields), read five or ten books about investing and/or starting a business, sign up for some business & finance courses at your school. Give yourself at least a year of diligent study before you allow yourself to try for more than an FDIC-insured return on your investment.
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#7
12-17-2005, 08:43 PM
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Re: What to do with a little money?
[ QUOTE ]
OK, here's a real suggestion: put your money in an FDIC-insured instrument (HSBC, ING, and Emigrant Direct seem to be good choices with high yields), read five or ten books about investing and/or starting a business, sign up for some business & finance courses at your school. Give yourself at least a year of diligent study before you allow yourself to try for more than an FDIC-insured return on your investment. [/ QUOTE ] Buf, In all seriousness, do you think thats the best thing for a college age student with a decent sized bankroll? (who has at least some concept of variance from his poker play)
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#9
12-19-2005, 02:38 AM
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Re: What to do with a little money?
how about putting it into a CD?
5k into 6-month CD at 4.6% apy 10k into 1-year CD at 4.9% apy The added advantage of a CD is that I won't blow the money on some stupid crap and I'll at least have my tuition locked up in case something goes wrong. Weak tight, or wise conservative?
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#10
12-20-2005, 11:46 PM
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Re: What to do with a little money?
why not keep playing poker? Do you think you're not capable of handling poker and school at the same time?
4.9% of 10k is 490...you can make that in a week playing 5/10 investing is good and all but your return will be so much higher with poker, especially with only 10k
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Hybrid Mode
