Tim Duncan loses 20m from friend/financial advisor

[bl2k8]

Damn breh, Duncan sermed smart with his dough

 

[BrothaZay]

Kobe won

 

[BrothaZay]

why do people need financial advisers anyways?

save your money and live off the interest?

is it that hard?

lmao nikka stfu

 

[FaTaL]

lmao nikka stfu

 

[onelastdeath]

Nah I can't cosign this. I'm not adjusting shyt. If I've already made 100 M's but I can get another 100 M's on my next contract you best believe I'm trying to get another hunnid. fukk stopping, that's a broke nikka mentality, especially if you have a family.

Sucks what happened to Tim, gotta vet your people better...he should've had someone audit his investments & Banks every year

You sound stupid breh. "That's a broke nikka mentality". For one, we're not talking about guaranteed contracts. Not every man with 100 MIL is a basketball player. There are no "guaranteed contracts" in the world of stocks. So knowing when to pull out is important. There's a difference in "losing money" and not making " potential money". It's not the same thing.

If your money is guaranteed, then take it. You should. But in stocks there's a risk/reward involved. And stopping altogether when the money isn't guaranteed isn't a "broke nikka mentality", that's some real man shyt. Knowing when to stop, and learning to take pride in your blessing is important. Greed can be the end of good things, and it often is.

When you have a family, you might not want to risk their future on "favorable odds". That shyt doesn't matter when you end up losing your home and your kids can't go to college because you put their future on the line for "favorable odds".

 

[BrothaZay]

nikka people study for years to be financial advisors, fucc u sound like "dont get a financial advisor just save up millions of dollars n live off interest"
nikka you really think someone who done made moves to make have 10,20 million dollars in the bank is the type of person thats going to just "live off interest"

 

[pete clemenza]

I dont understand losing 7.5mm on a business investment.

First question

"why do you need seven million dollars"

Makes no f*cking sense at all

 

[FaTaL]

nikka people study for years to be financial advisors, fucc u sound like "dont get a financial advisor just save up millions of dollars n live off interest"
nikka you really think someone who done made moves to make have 10,20 million dollars in the bank is the type of person thats going to just "live off interest"

yes

you keep hearing over and over how athletes and entertainers get swindled out of their money by advisers and investing in garbage

why would you trust other people with your money? go ask schilling and fielder what happened

 

[TooLazyToMakeUp1]

I'd be in that nikka's crib with a pistol in his mouth

I'd heavily advise against this

 

[Mr210]

GO SPURS GO

 

[Kitsch]

Tim my African, I hate it had to be him.

 

[YourMajesty]

Take pay cuts and get swindled out of millions brehs

 

[calh45]

Yeah, but his kids/grandkids ain't gonna cake though.
Another example of why generational wealth doesn't go far in the black community.

It's all baby steps my man. 50 years ago we could barely get into college. His kids will be cool from the connections he makes through that billionaire owner.

 

[*Hulks Up*]

I dont understand losing 7.5mm on a business investment.

First question

"why do you need seven million dollars"

Makes no f*cking sense at all

To even ask for this amount dude had to know Tim isn't watching his money AT ALL. Dude was probably already skimming Tim's money and was waiting to see if he would catch on probably cashed out and thought fukk it let me go for a big score. The fine print and pro athletes is a great comeup if you are a financial advisor looking to cash out.


Just look at this case, Timmy lost 20 millon but is suing for like 1 milly because I'm betting the other 19 were on some fine print shady shyt, dude would be looking to get back all 20 million annd then some if he could.

 

[jwonder]

Tim Duncan is a cac who cares.