Quote:
Originally Posted by PR_Glen
ok lets say you have 20 million dollars.. assuming he didn't have all 80 at once anyway. Would you spend 60% of it on being a baller and throw 40% into one 'investment guy' to deal with?
I just don't understand the math of it. I can see losing large amounts if he invested lots in real estate, there are plenty of intelligent people who got stuck in that mess but all of it??
even if he invested 1% of that 20 mil in low some super low risk investments over 4 years he would still have enough to get him buy for a long while...
|
A. You are talking about a guy who probably didn't even have a checking account when he made his first mil.
B. Subtract 10-20-30% for agents and lawyers.
C. Subtract 35% for taxes.
The fact is, the reason these guys can do what they do is because they don't waste a single damn braincell on thinking about investing their money. All they think about is moving the ball down field.