Comments on: Poker Players Earnings /poker-players-earnings/ Fri, 24 Mar 2017 21:20:40 +0000 hourly 1 By: thepokercapitalist /poker-players-earnings/#comment-6056 Thu, 23 Jan 2014 22:31:26 +0000 /?p=527#comment-6056 Great points here.

1) The third world is undoubtedly very different than the first world. 100% agree playing poker is an incredible job for many people in the third world.

2) It is also a very interesting point that you make about “lasting investments”. This is an area that I am quite interested in. I have used my poker winnings to invest and been very fortunate in that regard. This could be the subject of another blog post. In Canada and the United States at least there are very limited investment opportunities that yield more than 6-7% per year (that is the long term average return of stock market). When you deduct 2-3% for inflation that reduces your real return to approx 3% per year. Not the best unfortunately. Certainly you can do better than this with investments where you are more actively involved. However, investing is much like poker and very tricky because it is easy to feel like you are doing the right thing (based on results) and really be making a poor EV bet.

3) Working on your own projects on the side is a definite benefit of playing poker.

Thanks for the imput. Making the right decision will be very personal and based on the facts surrounding that individual. The important thing is to consider all the factors involved when making your decision

-ThePokerCapitalist

]]> By: Willian /poker-players-earnings/#comment-6055 Thu, 23 Jan 2014 21:15:01 +0000 /?p=527#comment-6055 Hey man good article.
If you allow me I would like to show some counter arguments. In my oppinion what you just wrote applies 100% for the so called first world citizens, for people in Asia and South America 50k usd per year is a LOT of money that in most professions you only will get this amount just before retirement, if you actually ever get close to it.
Another point is that we can make lasting investiments with our poker income, dunno how this is in Canada but in Brazil one can easily invest 20k usd and make like 1k+ per month with that.
It is a very delicated subjetc and I agree with what you just wrote, but for me being a poker player most of the time means that I can work on my own projects, maybe it is about the right balance between short and long term income.

Best Regards,
Willian Mates

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