do you realize how stupid it is to keep that much in a savings account?It's what many of us would do, but I guess it's not that appealing to these guys.
I know of Families who got like 4-5 mil in "Low Risk" savings/accounts or whatever and they living. But I guess they're not constantly mingling with multi millionaires and billionaires, and feel like they have to reach that next "level"
Tim Duncan loses 20m from friend/financial advisor
- Thread starter No Homo
- Start date
lesson one, why are you listening to somebody with less money than you, any type of investment plan he can possible have will only benefit him and not you, because you don't need him in the first place
lesson number two, when you have multi million you don't need to invest it, just get bonds and other securities, and let the interest pile up
lesson number 3, don't do business with friends unless they are richer than you
lesson number two, when you have multi million you don't need to invest it, just get bonds and other securities, and let the interest pile up
lesson number 3, don't do business with friends unless they are richer than you
The bold don't make one bit of sense whatsoever.
superunknown23
Superstar
HAVE YOU SEEN HIS KIDS?
HIS GENERATIONAL WEALTH HAS ALREADY LEFT THE BLACK COMMUNITY.
How can you possibly expect to get rich with this line of thinking ?:pharrell:
Nothing is ever enough...the villian here is his friend who abused his trust for a payday :sadbabybreh:
Trojan 24
Veteran
Hence the "Low Risk Savings/Accounts or whatever", I'm not sure what they actually have their money in. Of course they ain't got 5 Mil in a Chase Account or some shyt.
Why doesn't
if I have 20 million dollars I'm not listen to someone tell me about investing money who doesn't have more money than me
what for, I'm already at an amount you can't even get to yourself, so what can you possible to tell me, I'm better off just keeping my money in the bank
same with friends, if I give a friend money I'm just giving them money I can afford to give them without expecting to be paid back
why would you go into a business arrangement with a friend who doesn't have equal stake, doesn't make sense, so if something doesn't go right I lose all my money and they lose nothing
what can't you understand
it don' make sense because never tried to make sense of it in first place, you always just to disagreeable for no reason whatsoever
well i'm glad its a case of you not knowing what you're talking about rather than your friends being morons
as for duncan
to himI hope he has to sell his rings
to him for robbing my team of multiple titles
It's true to some extent. Most financial advisors don't provide much added value over a self-educated investor doing it for themselves. If the advisor was so good at making money he would be able to take the average Walmart employee to the next level. Instead they want people with money like Tim Duncan. The advisor always gets paid off the top with fees and commissions even if Tim is losing money.
Your friends don't have to be richer than you, they just need to have a track record of doing well with the little money that they started with.
Trojan 24
Veteran
well i'm glad its a case of you not knowing what you're talking about rather than your friends being morons
as for duncan
I hope he has to sell his rings
Nah I don't know shyt about it. These people aren't even friends, just a couple guys I knew from school. One bruh just told me his Family got about 5 Mil in a couple low risk investments and that earn them a couple hundred g's a year.
id have to break out the tape and some presidents masks
Banks fail now tho. I mean the government covers them with bail outs but if the overall debt is bigger than they could handle then shyt would collapse and your money would be gone. It wouldn't happen overnight or anything but it's a realistic possibility with the economy being in the state that it's in. Look at Greece bank situation, there money is almost worthless.
I never understood why athletes never buy tons and tons of gold, even if the interest they make on it is low that's guaranteed value and security.
Bails fail now lol
if the bails, stocks fail, the bonds are worthless
if the banks fail, society will collapse and it wont matter anyway