Tim Duncan loses 20m from friend/financial advisor

[J-Fire]

show your 15 percent profit man, you ain't saying nothing

get out of here man

Just because the stock value goes up 15 percent doesn't mean your paid out 15 percent

I'm done

if it was that easy everybody would be rich

that's the problem with people and why they get scammed

people don't save!...that's the number 1 issue people cannot achieve "rich". If i'm talking a scam then your 401k or IRA must be a scam too because it's built on the same principle I speak , lol.


so you can't sell off stock now? capital gains is a fake tax? lol. The return is the return...and tax implications varies by person.

the goal for me is to build a base of capital high enough that the dividend yield becomes a solid source of income.

 

[Master Teacher]

people don't save!...that's the number 1 issue people cannot achieve "rich". If i'm talking a scam then your 401k or IRA must be a scam too because it's built on the same principle I speak , lol.


so you can't sell off stock now? capital gains is a fake tax? lol. The return is the return...and tax implications varies by person.

the goal for me is to build a base of capital high enough that the dividend yield becomes a solid source of income.

You don't know what you are talking about, 401 K, rich people ain't thinking about shyt

the only way you can get rich is by MAKING A LOT OF MONEY

Once you have millions like somebody like Duncan, all you have to worry about is securing it so you don't lose it

the only way to get rich off stock is you buy shares into a company while they are cheap and they company explodes like a Microsoft

or a Coke a Cola in Warrant Buffet's case

 

[Lewis Black]

Dap me if all this advice is confusing you

 

[J-Fire]

You stupid as fukk, I buy a house for 20k and its worth 60k I will flip to another investor for 30k within a few weeks, dumb ass

What holding costs, taxes lol, you can forgo taxes for years, and then make the buyer pay them at closing

If I brought it for 20k, and it appraises for 60, the value is going to rapidly drop below 20 grand all of sudden, it's not happening you dumb ass

house values don't drop that quickly

What you do is you search for what is called COMPS, real estate is all about locaton

stop talking you know what you're talking about

please if I can't sell the house, I can rent out for cash flow, like I DO NOW with some of my properties

and even get section 8 people in for a guaranteed government check

or I can turn into a GROUP HOME

So HOW CAN I LOSE

the thing is you are spending quite a bit of money at some point. granted not like some of the people you see on TV...buy you do need $10's of thousands to buy and fix up a property.

Anyone can tribute a couple of hundred here and there into a vanguard s&p500 so the entry barrier is much lower and less riskier for the average person making 30-40k. I wouldn't touch real estate until I could really afford to lose the entire investment.

 

[J-Fire]

Once you have millions like somebody like Duncan, all you have to worry about is securing it so you don't lose it

exactly and 1.9% of 10million is still 190k ..... and you can't live off that while you enjoy capital gains growth? Warren Buffet lives off of 100k per year and Duncan seems no thrills type of dude.

And the rest of his money he can set up investments for his kid....and do some riskier investments like real estate and getting involved in hedge funds.

 

[Master Teacher]

exactly and 1.9% of 10million is still 190k ..... and you can't live off that while you enjoy capital gains growth? Warren Buffet lives off of 100k per year and Duncan seems no thrills type of dude.

And the rest of his money he can set up investments for his kid....and do some riskier investments like real estate and getting involved in hedge funds.

You can make 2.6 percent on bond and see monthly payouts

there's no reason to risk losing your money on the stock market

will buffet is wealthy because he came for wealth and he had shares in coke cola when they were cheap, and we all know coke cola is one of the biggest conglomerates in the world

if I buy coke stock today, there's no way I can rich as buffet even if the company rises to new heights

 

[IWasntMadeToPlayTheSon]

what a difference 4 yrs of college makes....

 

[J-Fire]

exactly and 1.9% of 10million is still 190k ..... and you can't live off that while you enjoy capital gains growth? Warren Buffet lives off of 100k per year and Duncan seems no thrills type of dude.

And the rest of his money he can set up investments for his kid....and do some riskier investments like real estate and getting involved in hedge funds.

You can make 2.6 percent on bond and see monthly payouts

there's no reason to risk losing your money on the stock market

will buffet is wealthy because he came for wealth and he had shares in coke cola when they were cheap, and we all know coke cola is one of the biggest conglomerates in the world

if I buy coke stock today, there's no way I can rich as buffet even if the company rises to new heights

the s&p500 has been hitting all time highs.....it just hit an all time high in December aka any money put in before that time had some capital gains. https://finance.yahoo.com/echarts?s=^GSPC+Interactive#{"range":"max","scale":"linear"}

why buy coke when it's overvalued and struggling in this new healthy food choice market and their hope for success lies with their energy drinks? There are always undervalued stocks to be found during a pullback from institutional sell-off and it is a chance to invest more money. free cash flow, competent ceo, and low P/E compared to peers and industry will have me taking a look and confirming my beliefs with analysis reports.

And i don't take warren buffet as gospel when he bought IBM the other month. The CEO ain't competent and they have a lot of debt aka not for me. I pretty much go for everything on point with the industry, solid ceo, and just that the p/e is low usually due to institutional sell-off.

 

[J-Fire]

what a difference 4 yrs of college makes....

they don't teach financial literacy...and that should be done at the high school level anyways.

but if you were a finance major and didn't just pay attention the the corporate side you should be good to go. Granted schools don't focus on retail investors...but it is a good starting point.

 

[360dagod]

Duncan better make a call to stak5 and tell him to get the shooters

Matter of fact, that nikka based outta Atlanta...

SpursEast...We gave you nikkas the blueprint to run with...Yall nikkas have a lifetime debt

 

[Master Teacher]

the s&p500 has been hitting all time highs.....it just hit an all time high in December aka any money put in before that time had some capital gains. https://finance.yahoo.com/echarts?s=^GSPC Interactive#{"range":"max","scale":"linear"}

why buy coke when it's overvalued and struggling in this new healthy food choice market and their hope for success lies with their energy drinks? There are always undervalued stocks to be found during a pullback from institutional sell-off and it is a chance to invest more money. free cash flow, competent ceo, and low P/E compared to peers and industry will have me taking a look and confirming my beliefs with analysis reports.

And i don't take warren buffet as gospel when he bought IBM the other month. The CEO ain't competent and they have a lot of debt aka not for me. I pretty much go for everything on point with the industry, solid ceo, and just that the p/e is low usually due to institutional sell-off.

And people were losing money in march and april, that's how it is with stocks

warren buffet recommended s&p 500, so what are you saying

once again, just because its up, it doesn't define what you are pocketing

and go back to my poing

he talking about don't warrant buffet's word as gospel, but I'm suppose to believe you know about stocks when you refuse to provide proof of you making money of stocks with a simple screenshot

 

[BlackAchilles]

These cats just don't learn ...

 

[Hiphoplives4eva]

Trust cacs brehs.....


The dude married a cac and invested with cacs and ended up losing on both ends. I hope you c00ns are paying attention.

 

[Danie84]

I'd have never peg Duncan to mishandle his funds

...guess, fundamentals isn't what its chalked up to be

 

[DonkeyPuncher718]

As a lifelong Duncan stan this news surprises the hell out of me like so many before said he seems like the last breh who would be in one of these situations.

It's 20 million but I'm sure he has a lot more saved in the bank between the endorsements and career earnings.

I hope