>Ex-NFL star Clinton Portis 'wanted to murder his fi

File: 41DB985100000578-4649168-image-a-4_1498705681032.jpg (13KB, 306x429px) Image search: [Google]

13KB, 306x429px

JEWED

>He filed multiple lawsuits against his financial adviser Jeff Rubin (right) and his associates between 2011-2013

File: nazis.jpg (52KB, 780x675px) Image search: [Google]

52KB, 780x675px

>>131729300
Is this a surprise in any way?

>>131729300
what the fuck is wrong with this dude's neck

File: jew banker.jpg (24KB, 205x296px) Image search: [Google]

24KB, 205x296px

>>131729300
>Jeff Rubin

kek

>>131729578
>>131729578
thicc necks get the qts

>>131729371
Heeb'd

>>131729300
Ex-NFL players have an astronomically high rate of filing for bankruptcy. So few understand how to manage their money. They start earning literally millions a year and they start spending money like they will always earn millions a year. But even the lucky ones, like Mr. Portis will usually not reach even 10 years in the league. The dumb thing is if this guy had not spent all his money and had a portfolio value of about $40 million he could have lived a lifestyle where he spent $1.6 million for the rest of his life and also have always had his $40 million which would have grown with inflation still to give to whomever when he died.

>>131729300

Think if he just put 40 million (keep 3 pay off debts and have fun) in a nice Index Fund that tracks the S&P 500 @ 80%, and 20% in a NASDAQ index.

Even if he drew just 1% every year, that's 400,000 a year, and you're still making shittons of money. Just letting money work for you.

Niggers don't know finances.

>>131729578
he was a running back

watch this video to laugh at niggers
https://www.youtube.com/watch?v=Jbm622lrydM

My accountant is a non-Jew and I wouldn't have it any other way

>>131730109
It's amazing how the nfl has created more black millionaires than any other organization and they still all go bankrupt.

>>131729300
>>131729371
>tfw you can't tell if nigs gonna nig or Jews gonna Jew

I guess in this case it's both

>>131730109
>niggers thinking about the future
these kikes are aware of how dumb niggers are, they will always swindle them

File: joos1484224802661.gif (4MB, 300x180px) Image search: [Google]

4MB, 300x180px

Mo shekels!

File: 23 - Niggers Are Retarded_jpg.jpg (57KB, 643x387px) Image search: [Google]

57KB, 643x387px

>>131729300
>niggers
>good at managing money

>>131730659
It is just people who have no idea how to manage money. Happens to lots of lottery winners as well. Black, White, Hispanic whatever. It is just people who have no idea how to manage money. This is the biggest advantage people get from 'educated' parents. Not some huge benefit in earning potential but rather they will manage their money well. When my parents pass I will likely inherit multiple millions of dollars from them, because they knew how to manage their money, and their parents knew how to manage their money. i.e. save what you can, invest it in good investment vehicles and don't spend your money at inappropriate rates.

>>131730109
Also taxes take half and 20m the way he's spending it will fly by

>>131731033
>these kikes are aware of how dumb niggers are, they will always swindle them
I have smart friends of my own who willingly pay 1.5% to a financial advisor to manage their money for them.

>>131731413

Why do people pay (((financial advisors))) when index funds exist? What a scam

Don't blow it, keep it simple, count yo money
https://youtu.be/mXNq5-Nkqyg?t=21s

>>131732051
where the fuck has allen palin been?

>>131731902
Because its complicated! It involves maths and numbers

>>131732485
Bill hired him and now he makes videos for Bill's official channel I believe.

>>131731902
They never learned the basics of finance. Look at it this way. Annualized total stock market return over a long period tends to be about 10% per year. If you pay a financial advisor you are going to get 8.5% per year maybe even less because some charge 2% or even 2.5%. But just assuming 1.5% and a 30 year time period for the first investment you are looking at a 11.5 fold increase in your first years investment over that time period for advisor (1.085^30 = 11.5) and with no advisor you are looking at a 17.5 fold increase in your first years investment (1.10^30 = 17.5) That is roughly 50% more by figuring out how to invest on your own. Then when you are in retirement it gets even worse because you can only spend a fraction of your total portfolio value each year without eating into principal and so that principal will grow with inflation. That number is about 4% with no adivsor and 2.5% with an advisor who charges 1.5% per annum.that is a 60% increase in how much you can spend each year in retirement if you don't have an advisor versus if you pay for one. Now if you take into account the extra money you have saved up because you don't have an advisor which is about 50% more over your work history, then you can spend 2.4 times as much as the person you used an advsior the whole time. (1.6 x 1.5 = 2.4) Then when you take into account this happening over multiple generations in a family because proper financial knowledge is passed down from generation to generation, along with accumulated wealth, then you will see certain families pulling away from others. All because some know how to handle money and others don't. And all of this in no way relies upon differences in actual earned income. This assumes people earn the same amount each year, even though if your family is wealthier children will typically have better opportunities to earn even more.,

>>131732726
>invest on your own

I invest on my own and just put ~60% on company bonds 30% in index funds and 10% liquid assets. Is this a smart strategy? I have read some studies that picking stocks isn't worth it in the long run.

>>131733117
>I have read some studies that picking stocks isn't worth it in the long run.
This is correct. The rule of thumb I constantly hear repeated is never have more than 4% of your portfolio tied up into one stock. If you want to try to risk a larger return by investing in individual company stock, or maybe you want to buy dividend stocks it is ok I guess but never have too much in one stock. What is generally good advice though is the closer you get to retirement the more you shift your portfolio to bonds and fixed income securites. With a usual endpoint of in retirement you have 50% stocks and 50% fixed income.

I think you are smart to keep liquid cash on hand because if you see a buying opportunity like market takes unexpected tumble or whatever, you need cash to be able to act on it.

>rookies have to go through weeks course of money management
>free lessons
>free chaffours
>free housing
>blowing through over 40 million
>it's somehow the NFLs fault
I wish every nigger like this killed themselves

>>131729300
(((they))) don't let you have money unless they think they can get it back.