Re: OT: investing Bankroll
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I usually take out enough to do a full contribution to my roth IRA. I start graduate school in 3 weeks, just got married and have a baby on the way. Needless to say if i log 8k hands in a month its a good poker month.
In that, I'd say your situation is similar to mine. I'd take out some and just try to recoup your withdrawal over time. Put it into a roth or something similar. Play when you can, for fun and for the little extra money at the end of the year.
Also, I'd consolidate to one site, have 20-30 buyins for whatever level your playing and go from there. The lower amount of buyins is only because it is not your main source of income, its just a little something on the side (i.e. if you go busto it doesn't effect you like it does others).
GL
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thanks for the response. I have two questions-what is your preferred method of taking money out of sites and back into them? Also, what kind of Tax implications do roth accounts have?
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