Tim Duncan loses 20m from friend/financial advisor

[Master Teacher]

i'm well aware of subtracting inflation from return for my real return

historical inflation is 3.5% and the US always sets the t-bills above current inflation. and you do lose money in banks and putting it under a mattress. vangaurd s&p 500 is very safe.

real estate has a lot of pitfalls.....

Like what, only to a layman, Real Estate is the most secure investment on the planet, that's why it's called Real EState

real investors never lose if you understand the core principles

Donald Trump don't invest in stocks, he only does real estate

Only in Real Estate can you double in your initial INVESTMENT IN THE SAME DAY. real nikkazs do real estate, stocks is for the fakkits

and the criminals on Wall Street,

 

[J-Fire]

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.

you need capital to get to the next level. how is a walmart employee going to make a lot of money over night?...he needs to contribute every month just like a 401k. yes advisors do take money....but so do fund managers if you skirt the advisors.

s&p500 hit all times highs a few months back. you can grow the capital and live off the dividends if you have a lot of money or just reinvest it.

 

[Box Cutta]

HAVE YOU SEEN HIS KIDS?
HIS GENERATIONAL WEALTH HAS ALREADY LEFT THE BLACK COMMUNITY.





​

Yep.

fukk'um....

 

[Scientific Playa]

@ the tan white dude to the right....

pic looks shopped to me

 

[J-Fire]

Like what, only to a layman, Real Estate is the most secure investment on the planet, that's why it's called Real EState

real investors never lose if you understand the core principles

Donald Trump don't invest in stocks, he only does real estate

Only in Real Estate can you double in your initial INVESTMENT IN THE SAME DAY. real nikkazs do real estate, stocks is for the fakkits

and the criminals on Wall Street,

the most secure investment is treasury notes with inflation protection....the US gov doesn't default and will print me off money! but if you have the capital to do such things...by all means take the risk with real estate

I know i can feed the vangaurd s&p500 monthly during dips and will come out on top down the line and anyone can do that. And if i spot some undervalued stocks on a pull back i can play with that as well.

 

[Gil Scott-Heroin]

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

Pro athletes don't accumulate their wealth from making 'pecuniary decisions' or being business moguls - they gain it from playing sports - to suggest that a financial adviser can't tell them anything about how to handle MONEY, just because they have more of it than them is mala fide thinking. This doesn't just pertain to athletes either, because not only wouldn't the world be able to function if the rich only listened to the richer, but it's not theoretically possible.

 

[Master Teacher]

the most secure investment is treasury notes with inflation protection....the US gov doesn't default and will print me off money! but if you have the capital to do such things...by all means take the risk with real estate

I know i can feed the vangaurd s&p500 monthly during dips and will come out on top down the line and anyone can do that. And if i spot some undervalued stocks on a pull back i can play with that as well.

This what you don't understand

Treasury Notes is for security, you already have to have money for that to matter

Real Estate investment is how you get rich

You can't get rich buying stocks, people who make money off stocks are already rich and have a lot of money to buy shares with

you can't get go from being have nothing to being rich fukking stocks

in real estate you can

you literally start with zero money and get rich in a couple deals

 

[Master Teacher]

Pro athletes don't accumulate their wealth from making 'pecuniary decisions' or being business moguls - they gain it from playing sports - to suggest that a financial adviser can't tell them anything about how to handle MONEY, just because they have more of it than them is mala fide thinking. This doesn't just pertain to athletes either, because not only wouldn't the world be able to function if the rich only listened to the richer, but it's not theoretically possible.

Because they don't see the truth for what it is

A Financial Advisor life line depends on people who have money to hiring them lol, you have no reason to listen to them keep your money

all these athletes horror stories have financial advisors involved, when if they just did nothing, they would still have all their money

Can you comprehend that

 

[Gil Scott-Heroin]

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.

It's not true to ANY extent, because it's based on fundamentally flawed reasoning.

 

[mozichrome]

damn and dude didnt even know till last year, crazy man
good thing he stopped the money bleeding out but that damage was done heavily

 

[pickles]

some athletes luck up and get some good advice from the right people and sharks and hustlers are always coming at them non-stop.

LeBron James hosts Warren Buffett in Cleveland, calls him ‘Uncle Warren’

http://www.washingtonpost.com/blogs...-buffett-in-cleveland-calls-him-uncle-warren/

There is too much fukkery going on in that photo.

From the man with the extreme fake tan. Who is that guy anyway?

Lebron resting his back on ol'boys leg?

Warren Buffet wearing a jersey fresh from the fan shop.

The owner's weirdo son.

 

[FinesseKing]

All white peoples ain't bad, where the white womens at? We is our own worst enemy.

 

[BaggerofTea]

Timmy has 150 mil net worth, he can take this hit.

 

[Spaceman Piff]

for 20 mil, somebody's gotta die

 

[J-Fire]

This what you don't understand

Treasury Notes is for security, you already have to have money for that to matter

Real Estate investment is how you get rich

You can't get rich buying stocks, people who make money off stocks are already rich and have a lot of money to buy shares with

you can't get go from being have nothing to being rich fukking stocks

in real estate you can

you literally start with zero money and get rich in a couple deals

i think of rich as being comfortable. If i can get 10-15% of a single million per year that can supplement my work income and make for a nice retirement.

And the true generational wealth will come from passing that on to my younger family members in terms of methodology.

i'm all about slow and steady while building up wealth.