I hear you but these days finding 10% or more in returns is hard as fukk. Even for guys that trade stocks for a living this is the ultimate find. Maybe there's some bonds out here with some high yield but they might only last a few years. Unless they can getget into a top of the line hedge fund but the buy in might be a few hundred thousand. Bron bought into Beats by Dre headphones before it took off. 50 bought into Vitamin Water before it blew. Venture Capital moves is what everyone is trying to do now. Melo is trying to get into this now
No it's not, I'm getting that. The market has had a decent 1.5-2 years. It may not be 10% every year, but the point I was trying to make is that even with the ups and downs of the market its better for them to put money in an investment account rather than sitting in some low yield, not guaranteed (beyond $250k) savings account. Go with a reputable firm (Merrill Lynch, Morgan Stanley, etc.) and let a financial advisor get them returns. Sure those large outfits would charge more (they could probably negotiate a lower fee), but at least you know they won't steal your money. It's fairly low risk.
I'd actually advise them to NOT try to be the next Dre or 50 or whatever. Venture capitalism is risky as fukk. Even for those who do it as a full time job the batting avg is low, it's just that when they do hit it's for a home run. I'd also advise them NOT try be the next Magic or Jamal Mashburn
unless they are truly going to give it their full effort. Most of these don't want to give it their full effort, tho, so when they enter these great sounding investments they're even
more likely to fail as their business partners are either skimming or inept or both (sidebar, I believe this is what happened with 'Toine and how he ended up as a slum lord. Seriously, how could you possibly lose at Real Estate over the last 20-15 years??? Easy: Don't take care of business. His heart was in the right place, but he wasn't really on it so shyt went sour as his people weren't taking care of business).
If they aren't trying to really trying to cross the t's and dot the i's they need to accept that and realize there's no shame in that. Enjoy the fruits of your labor. Hell, they'd provably feel better just giving 100k to a community center in their hood as opposed to seeing it evaporate in what was supposed to be the next Vitamin Water.
