top 5% salary is like $300k+ according to google
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You’re starting to see why I don’t think Cuse is going to be a financial advisor.
Top performing financial advisors make over a million a year, easily. And once you have the client base it’s recurring income with very little work. You’re ripping people off, though. The best ones (in terms of income) are so dumb they actually think they’re adding value.
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STONKY STONK STONKS
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Today I just heard of SARK. I was surprised to learn this was a thing. Who makes a fund just to fade someone else’s fund? I guess it goes to show a system that reliably spits out losers can be very valuable.
the guy who plays in 50/100 games that play like a 2/5 lineup? yeah id say thats underestimating his income. he can make a shitton just in one good session.
This way off topic, but I’m curious. I know hardly anything about the poker world these days.
How do such games exist? If there is a 50/100 lineup with a bunch of relative fish, what keeps it becoming shark-infested. Why can’t other sharks get in on it? And what keeps the fish coming back?
They’re certainly adding value for the high net worth folks. Just knowing the difference between stepping up the basis on death or not is massive. Same with the buy/borrow/die strategy. I guess once the client knows those things, they shouldn’t need the advice. But a lot of them are clueless. I’ll try to get some good stories from my friend the wealth manager next weekend.
I think there are two other ways that you can add value. One is by volunteering to help out low income folks with budgets, financial advice, and tax returns. The EITC is (was? Not sure if it still exists.) an often overlooked chunk of money. The second is by finding a niche and helping those specific people with very targeted advice that saves them lots of money. For example, H1B visa holders from India would be one niche. How and where should you invest pretax, after tax, RSUs, etc., depending on your long-term financial and citizenship goals.
Yeah, but he can lose a shitton in a session too. I’d guess 15-25bb/hr, and who knows how many hours a week he can play that big?
It’s a home game, the fish can just tell the sharks to fuck off. It’s a significant skill to be a shark but look like a fish and be fun to hang out with. I have played casino poker professionally for ten years but have never been invited to a home game for serious money because I lack that skill.
It’s hard to build a roll to play that big, not everyone is cut out for playing above a certain level, there may be some politics involved in getting into the game, and the fish are there for the gamble and/or the challenge.
At this point they have to know he’s a shark, so I guess he is so cool they don’t care?
Which of these would you say is the dominant factor in your case? Assuming you can easily beat 2/5, what’s keeping you from being gman?
Not caring sometimes happens, but they most likely don’t know. I’m defining “shark” as a skilled player who is mostly there to make money
Jumping above 5/10 in stakes has been difficult based on game availability and actual stakes being higher. Often a T/20 or T/25 is playing with a mandatory straddle, so it’s really a jump of two stakes - plus it may even play bigger than the number. So the amount of variance in shot taking is huge. And those games only run 20-30 hours a week around me total, and really only 2.5 days. So it’s hard to get all 30 hours in. 25 is pretty good.
Right before covid, I had a private 5/T that played more like T/25… But the pandemic killed it. That sucked because I felt like I was on my way.
So first I need to make that jump, then I’d have to move to LA without knowing if I can even get in that game.
Jesus man, hope you have a lawyer. I’m on the litigation end of things, so I only see cases where deals like this go wrong, but they go wrong all the fucking time. To me this reads like you’re a toddler with a BB gun.
Edit: know how like 90% of pro athletes go broke? This is how they go broke.
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Yeah like in my private game most of the losing players thought I was a whale. I was making an obscene amount of bb/hr but misdirection, playing loose, and not talking like a pro goes a long way.
You work your ass off for a few years. Then once you’ve built a bunch of stuff your value is that you can fix it something in 5 minutes that might take a week for a dev new to the project.
I have a friend who isnt that good at poker but is very very good at hanging out with rich people and ensuring they have a fun time. He does very well out of a bunch of home poker games.
This seems like it would only work if you stayed in one place. I was under the impression that changing jobs constantly was the key to career advancement (and thus more income).
There are lots of ways to make good money in IT without working hard or even without knowing much about coding. Go work in technical support for one of the SAAS vendors and salary+RSU+ESPP is easily 150k+. If you are decent at troubleshooting and work from home then you can combine that with online poker.