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  #1  
Old 12-11-2006, 02:44 AM
gakn29 gakn29 is offline
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Default Buy a house or have a roll?

I have had a very up and down last 3 months. Big time really. Playing anywhere from 2/4NL upto 50/100NL. On the year at my high point I was up around 175k and now Im probly around 120k for the year. How many of you advocate me withdrawing 80-90% of my roll so I can put a downpayment on a nice house. This would leave me with 10-20k as I havent decided how much id leave online. Has anyone else done this? If so how did you find returning to lower stakes on a small roll? I really would like some input as Im sure Im not the only one to have this idea.

Side notes, Im 21 years old, no real people job and a terrible worthless degree Im only half done.
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  #2  
Old 12-11-2006, 02:46 AM
duh duh is offline
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Default Re: Buy a house or have a roll?

wrong forum
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  #3  
Old 12-11-2006, 03:23 AM
straate straate is offline
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Default Re: Buy a house or have a roll?

100k is a huge downpayment, bro

20% is solid
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  #4  
Old 12-11-2006, 03:28 AM
ipokeder ipokeder is offline
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Default Re: Buy a house or have a roll?

[ QUOTE ]
Im 21 years old, no real people job and a terrible worthless degree Im only half done.

[/ QUOTE ]
real people jobs are for nits
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  #5  
Old 12-11-2006, 03:52 AM
valtaherra valtaherra is offline
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Default Re: Buy a house or have a roll?

You sound like a total donk who has been on an insane rush and are now starting to experience some variance. Getting your money out of poker and into a firm asset may be the best thing for your future.
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  #6  
Old 12-11-2006, 03:55 AM
Kilillan Kilillan is offline
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Default Re: Buy a house or have a roll?

and start paying taxes on this crap dude
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  #7  
Old 12-11-2006, 04:00 AM
N 82 50 24 N 82 50 24 is offline
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Default Re: Buy a house or have a roll?

[ QUOTE ]
100k is a huge downpayment, bro

20% is solid

[/ QUOTE ]
won't be close to 100k after taxes
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  #8  
Old 12-11-2006, 04:01 AM
DLizzle DLizzle is offline
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Default Re: Buy a house or have a roll?

[ QUOTE ]
100k is a huge downpayment, bro

20% is solid

[/ QUOTE ]

not when you're 21 with no job and an income derived from your poker bankroll, which doesn't seem to be managed very well. I'd say definetly withdraw a lot.
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  #9  
Old 12-11-2006, 04:21 AM
LegallyBlind LegallyBlind is offline
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Default Re: Buy a house or have a roll?

if your going to come to MSNL for adivce on what is probably the biggest financial decision of your young life, then you at least need to make a poll
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  #10  
Old 12-11-2006, 04:33 AM
Anders Anders is offline
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Default Re: Buy a house or have a roll?

Withdraw down to 10k and play 1-2nl, and use the rest to PAY YOUR TAXES and make a down payment on a reasonable house and save money set aside for house payments and other bills.
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