[TheProdigy]

[ QUOTE ]
[ QUOTE ]
Hey guys,



Say I am looking to start a somewhat aggressive plan to start saving money. I will put 5k in an account and reinvest 2k-5k per month there-after. What is a good breakdown for the stocks I could choose? What do you guys think of this:

EFA EURO-ASIA INDX (MSCI-ISHARES) 15.00% $300.00
IWD RUSSELL 1000 VALUE (ISHARES) 40.00% $800.00
IWF RUSSELL 1000 GROWTH (ISHARES) 35.00% $700.00
IWM RUSSELL 2000 INDEX (ISHARES) 7.00% $140.00
TIP LEH US TREAS INF FD (ISHARES) 3.00% $60.00

[/ QUOTE ]

Hello Prodigy,

How old are you ,and what is your income/career at the moment......as well and goals/risk tolerance/approx. age you would like to "retire" going foward ?

I am also assuming you are OPENING the account with $5k...and then buying the additional proportional amounts from your list with $2k-$5k of NEW money(from a job,poker earnings,other income,whatever)

Stephen [img]/images/graemlins/cool.gif[/img]

EDIT: I just realized I responded to you above,and you already said that you just turned 19....SORRY [img]/images/graemlins/frown.gif[/img]

I also LIKE it so far,but will amend/suggest from here after some more input from you [img]/images/graemlins/cool.gif[/img]

[/ QUOTE ]

Will reply to the other things next but will start here.

Stephen, first off thanks for the help, it is really appreciated.

I am 19, just turned at end of sept(9/29), so barely 19 still [img]/images/graemlins/smile.gif[/img]

I am playing poker "professionally." I make 40k off bonuses, and this year I made a "certain" amount from poker as well. I can't say what next year's income will be, as I started this year with $300 at 25nl, and am now beating(NO JINX PLZ) 400nl. Many of the players at my level with my volume of play are setting goals at 250, 275, 300k. I play 80-100k hands a month, FWIW. I am going to set my conservative goal at 150k, and my "well done" goal at 200k. This is so preliminary, and I have no use for the money so it is no big deal if things don't work out/etc, I am just using these figures for your help.

I kind've planned on using this particular account as my excess poker acct, so cashing out to this account. I can start this account with ~15k as that is an amount that would leave enough in this bank and let me pay taxes as well as not messing with my other investments. I was just going to start it with 5k because it is geared towards an aggressive portfolio(I think lol). Also, that would let me hit my goal of 2k easy each month since I still have excess, but obviously I know investing it all at first would be better, so do with it what you will [img]/images/graemlins/smile.gif[/img].

Anyways, with the income: I make around 3k if not more on average with bonuses. I generally win each month, and my losing months generally can be put into + months by bonuses. I know there is variance and I know I can have a losing month easily, so I can't always hit my goal if I want to. I also, like I said, play like 100k hands a month, so it makes me win more often as variance evens out some.

I am thinking I should go for an aggressive investing strategy. The money is negligible, as in I have no reason for the money to be worried about. If I lost it that would be "bad," but it has no use and it isn't going to kill me in any way if I did lose it. So I am thinking aggressive is the best way to go? I also don't want to have a minimal risk of ruin, so I don't want to go over the top.
Thank you!