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Old 09-04-2006, 01:06 PM
Scorpion Man Scorpion Man is offline
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Join Date: Dec 2004
Location: Bay Area, CA
Posts: 615
Default Re: It\'s time for poker players to start putting their money to work.

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Whay do you want to do this scorp? It seems like it would be much less lucrative than, and would involve more tedious work (with less time to deal with the actual investment process) than a typical hf pm type role. Am curious.

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I can't speak for the OP, but I'de assume that if he's retired in his late 30s he isn't very concerned with making money and more with doing something that he views as fun and helpful.

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This is basically true. Doing something like this would earn about 1% of what you can earn being a successful HF manager. I have not been looking for a "job"...but I have been thinking about ways to do something related to either hedge funds or poker that would be engaging.

I also enjoy helping people, in particular if the people are smart and interested.

This has been the germ of an idea...whether I can execute on it in a way that makes sense, I am not sure.

My other challenge in answering some career questions of the "how do I get into this" genre is that I went about things in a certain way. When others have different backgrounds, I am less certain how to advise, because certain avenues that were open to me might not be open to them as a result of choices people have made along the way.

I am happy to continue this discussion and give people a hand if they are interested.

The original question was trying to tap this forum to understand if there are a lot of people out there like my cousin...earning 6 figures, having 6 figures in the bank, and really having no idea what to do with it or how to approach their financial lives (like the athletes we discussed earlier).

Thanks for reading.
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