That works in poker and most other financial decisions.With your IRA, a 0.1% chance of being audited could mean the 100% loss of your entire retirement account if you include penalties, interest, and a disallowance of the plan.

I'm talking to a professional poker player from Los Angeles that wants to invest - the advantage to him is he does NONE of the work.

I also have friends who are hedge fund managers and I understand just how rigged that game really is.

As many people who may have quit their jobs to get into real estate in 2004-2006, ten times as many quit their jobs to become day-traders in the late 90s (and nobody had any idea what they were doing).As for worst investment, definitely the World Series of Poker Main Event... :-)

(and seriously, I'm a really bad salesperson if I'm saying all these things about my properties...)Oh, and if you've ever seen me play poker, it's atrociously bad.

Life is like poker. 

The more active the more likely you are to monitor and act.This is a little side game (rate hedging) you choose to play.

Do you like to paint, gamer, surf all over the world, big game fisherman, hike Europe, collect comic books?  

He also says he has his own crew of contractors to do work on the homes.By the way, I'm a former semi-pro poker player, so I'm pretty decent at telling when someone is lying/stretching the truth to me.So, no leads yet on good sales.

“He’s paid me every month, and he’s done everything he said he’d do,” Fletcher said at the hearing in defense of the developer.LIENS AGAINST THE DEVELOPERA graduate of Wofford College, Cheves began in the video poker business and later branched into riverboat gambling and other gaming ventures, the Observer previously reported.He is now managing partner of Skyboat Gaming, described on its website as “a Native American venture.”In a 2014 Observer interview, Cheves said he has broad gaming experience and had worked with other tribes.Court records showed two of his companies paid large judgments, the Observer reported.