% of bankroll to put in the stock market

[Meistro123]

In Canada we have the TFSA (tax free savings account) which allows you to benefit from investments tax free so that bypasses your concern. But I don't know of any 4% to 5% returning bonds here, tax free or otherwise. The best I can find is like 2% return on GIC which is like a CD and those aren't even redeemable so you have to wait a year or more.

I guess to rephrase your question, how many max bets do you want to keep liquid vs how much do you want to just stick into the market and forget about it? I guess if you invest in EFTs you can always just sell them too if you run bad and need to free up more cash. Like that process probably wouldn't take too long.

Partly it depends on how aggressively you are sizing your bets. Like if you had a 300 max bet bankroll you could probably keep as little as 50 max bets liquid and put the rest in a diversified holding of various EFTs, investing say 1/4 of future winnings and spending 1/4 on your normal expenses or w/e and putting the other 1/2 into your liquid cash to cover swings.

[Freightman]

In Canada we have the TFSA (tax free savings account) which allows you to benefit from investments tax free so that bypasses your concern. But I don't know of any 4% to 5% returning bonds here, tax free or otherwise. The best I can find is like 2% return on GIC which is like a CD and those aren't even redeemable so you have to wait a year or more.

I guess to rephrase your question, how many max bets do you want to keep liquid vs how much do you want to just stick into the market and forget about it? I guess if you invest in EFTs you can always just sell them too if you run bad and need to free up more cash. Like that process probably wouldn't take too long.

Partly it depends on how aggressively you are sizing your bets. Like if you had a 300 max bet bankroll you could probably keep as little as 50 max bets liquid and put the rest in a diversified holding of various EFTs, investing say 1/4 of future winnings and spending 1/4 on your normal expenses or w/e and putting the other 1/2 into your liquid cash to cover swings.

Meistro and fellow Canucks
TFSA's are a great tool to earn tax free income. Other than this year, as I slow down my affairs, I've maxed kut on the contributions to both my wife's and my TFSA.

Maxing out with shitty GIC rates and bank interest rates is not very smart. You are FAR better off contributing with a TFSA set up with one if the major brokerage houses, with buy sells, calls etc free from both regular taxation and capital gains taxes. I've done exceptionally well with those accounts.

I believe there is some sort of equivalent program in the US.