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Julie Donaldson replaces Larry Michael


RSkinGM

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On 7/22/2020 at 9:04 AM, RSkinGM said:

Portis offers nothing . Snyder has been tossing him a bone since he wasted all his money .

I mean technically the money was stolen by the person who was investing it for him. I don't know why these guys don't just put their money in the bank like normal people and talk to the bank about doing some investments. They shouldn't trust any independent financial advisers, they should open up a bank account, do direct deposit and speak with those people there or a reputable, established firm about investments they can do.

Edited by turtle28
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8 minutes ago, turtle28 said:

I mean technically the money was stolen by the person who was investing it for him. I don't know why these guys don't just put their money in the bank like normal people and talk to the bank about doing some investments. They shouldn't trust any independent financial advisers, they should open up a bank account, do direct deposit and speak with those people there or a reputable, established firm about investments they can do.

You're preaching to the Choir my man ! How much money does one need ? I just want to hold on to the principal and earn enough to cover inflation .

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3 hours ago, turtle28 said:

I mean technically the money was stolen by the person who was investing it for him. I don't know why these guys don't just put their money in the bank like normal people and talk to the bank about doing some investments. They shouldn't trust any independent financial advisers, they should open up a bank account, do direct deposit and speak with those people there or a reputable, established firm about investments they can do.

Work with investment firms like Edward Jones or Lombard Securities. 

But these guys are playing on another level with the kind of money they have, and you also can't assume they are necessarily as educated as we are.  They always have people looking to take advantage of them.  But they can do smart things with the money they have, which some do not.......queue some Portis things, and AP renting a private island and flying hundreds of people in for his birthday. 

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1 hour ago, naptownskinsfan said:

Work with investment firms like Edward Jones or Lombard Securities. 

But these guys are playing on another level with the kind of money they have, and you also can't assume they are necessarily as educated as we are.  They always have people looking to take advantage of them.  But they can do smart things with the money they have, which some do not.......queue some Portis things, and AP renting a private island and flying hundreds of people in for his birthday. 

Definitely, that's why I said they should just direct deposit it like the rest of us and talk to reputable investment companies or even just the bank about what to invest in. Get a 401K, Roth IRA etc amongst other safer investments, that's what Cooley did and a lot of guys do do that. 
 

It has to be weird for them though - I know it would be for me - to get drafted and then get a $1 million signing bonus. When you get that check you think you'll never spend it all so you just start spending and giving to family and friends but you're not thinking this $1 million or however much it may be could be the biggest paycheck I get in my whole life and I'm going to live another 50-70 years. Not too many people think that far ahead when they are 21, 22 or 23.

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