Porforis
15 years ago

Too bad, so sad.

That's why investments are not riskless. Lesson learned.

"TheEngineer" wrote:



Hopefully. Some people never learn.
djcubez
15 years ago
My dad always told me this "Whenever you loan, spend or invest money never expect it back." By following this rule I've always made sure I can live off the money I will have leftover after a transaction before I make it.
Formo
15 years ago

Just an illustration of the greed in this country.. here is a guy that made enough money to be set for life and then some.. but wanted more.

So he invested the money, unwisely apparently, in order to do just that.

When you have made the bankroll in which you are set for life, why gamble it on higher risk investments in order to make more?

Never ceases to amaze me how greed can cloud a persons judgment.. or maybe I am wired differently and never had to have the toys/riches to stack up against another.

Life is to short to gamble it away.

"pack93z" wrote:



Just you.. lol

But seriously.. I don't view it as greed. It's a smart thing to do.. Invest your money (especially in the NFL.. With the short productive time those players have and all) for your future.

Just want to let you know.. that it IS ok to make millions and spend it on stuff most people would never dream of. I think us 'broke' people need to be aware of how we think of the millionaires of this world. Until we actually have and make the amount these guys do/have, it's pretty easy to spend their money for them.
UserPostedImage
Thanks to TheViking88 for the sig!!
TheEngineer
15 years ago
On the contrary, Formo. Most in here seem to be espousing a safer term deposit/savings account and not try and get 'greedy' with riskier investments.

Thing is though, for every Brunell, there's another 3-year-career former NFL player who now runs a successful investment banking business or accountancy or whatever that we never hear about. So I'm not sure if it's the culture of flashy spending in the big leagues or poor education for new rookies. In the end I still think it's on the individual to take particular care with their money. Given Brunell's position, it's probably rather easier than most to earn some money again, either from playing or coaching, than your average Joe Blow who must contend with hundreds for menial jobs or whatever the case may be.
blank
Formo
15 years ago

On the contrary, Formo. Most in here seem to be espousing a safer term deposit/savings account and not try and get 'greedy' with riskier investments.

"TheEngineer" wrote:



So how are we to know what kind of investment Brunell invested into and how risky it was? Like djcubez said.. don't invest if you can't live without that money. The risk that was taken here was apparently Mark invested too much. That's his fault, and hopefully he'll learn.

It's not about getting 'greedy' with riskier investments.. it's about maintaining the quality of life. Of course, I'm assuming that was his goal with his lost investment.
UserPostedImage
Thanks to TheViking88 for the sig!!
TheEngineer
15 years ago
A term deposit or savings account is still an investment, even if they're not thought of as such by most people. You're right, we don't know what he invested in or how risky it was, but I'm willing to bet it was riskier than either of those suggestions. I think it's semantics to say he wasn't greedy but wanted to maintain a standard of living; the point was that he still wanted more money that what could have been provided by stuffing the whole thing into a savings account.

In any case, he's bankrupt, but still in a far better position than most others who are bankrupt, anyway. So I can't say I feel too sorry for him.
blank
Trippster
15 years ago
I have to chuckle reading these type of posts.

Amount of money has nothing to do with it. its all about allocation, diversification, and percentages.

Many of these guys deal with friends or referrals from friends. Well meaning, but not good at what they do. put them in poor allocations, high risk (can you spell restaurant or bar?). Or the spend too much from the get go. There are also many athletes who are smart with their money and have lived within their means and will do fine the rest of their lives...( the dumb hillbilly in Mississippi?)

I do this for a profession. People of all income levels live within their means, live above their means, invest wisely, or poorly, listen to an expert (me) or a well meaning but poor advisor (brother in law, son, daughter, parent).

reality is your investments should match your goals. You need to know the risks associated with each investment and have an overall strategy...then make sure your individual investments meet that criteria.

As far as taking care of your own money, at the level they are, it is like a small corporation. too big and too many transactions for one person. Where they fail is they do not have proper checks and balances implemented. They usually haved a buddy take care of their financial stucc (car payment, CC payment, house(s) expendetures, etc. These guys arent professionals just trusted friends....
"Let Your Light Shine!"
Trippster
15 years ago
by the way, putting all your money in the bank is what I call "losing your money, safely".

Currently a million in a savings account would earn about .05% or $5,000 a year. Inflation is almost 3%. So the purchase power of that million has dropped a net of $25,000 over that year. So to keep it safe, he can no longer buy what he could have when he put the money in!

Safety too, has a risk.
"Let Your Light Shine!"
TheEngineer
15 years ago
You guys are offered 0.05% interest on a savings account? Jesus.
blank
PackerTraxx
15 years ago
What a shame...part of the shame is that you and I will have to make up that other 20 mill...
Why is Jerry Kramer not in the Hall of Fame?
Fan Shout
Zero2Cool (11h) : Both LB Quay Walker and Rookie DB Micah Robinson have passed their physicals
Zero2Cool (11h) : Happy to see site feels more snappy snappy
Zero2Cool (11h) : No sir. I did not.
dfosterf (12h) : You didn't get free childcare when you were at work?
wpr (12h) : These guys make hundreds of thousands of dollars a year. Pay for their own childcare.
dfosterf (13h) : 2nd issue. Number 1 issue was no gameday childcare. 1 of 3 teams not providing it
Zero2Cool (14h) : Suppose if locker room is main issue, we sitting pretty
wpr (14h) : I thought so Mucky. In those useless player polls GB always rates high overall. Locker is a part of it.
Mucky Tundra (14h) : Wasn't the locker room just updated like 6 or 7 years ago?
Zero2Cool (15h) : I have forum updated on different site. We'll see how this one goes before going to that
Zero2Cool (15h) : Elgton Jenkins has a back injury, is expect to end contract dispute
wpr (18h) : It's funny the PA complained about the locker room. It wasn't that long ago it was top shelf. Things change in a hurry.
wpr (18h) : The site is much more better.
Zero2Cool (18h) : NFLPA report said Packers lockerroom needed upgrade. Whining bout where you change?
Zero2Cool (18h) : I saw that and thought it was kind of lame.
dfosterf (18h) : Packers new locker room is pretty awesome. Great for morale, imo
Zero2Cool (18h) : Shuffled things on the web server. Hope it makes it faster.
Zero2Cool (19h) : Other times, it's turtle ass
Zero2Cool (19h) : Sometimes it's snappy, like now.
beast (20h) : I feel like it's loading at the top of the next minute, or something like that.
beast (20h) : Also the thanks/heart takes FOREVER to load, and posting in the shout box takes three times FOREVER!
beast (20h) : Thanks for saying something, I thought it was slow, but assumed it was on my end
beast (20h) : Thanks for saying something, I thought it was slow, but assumed it was on my end
Zero2Cool (20h) : Yeah, I noticed that too. Is it slow for PackerPeople.com too?
wpr (20h) : I don't know what you IT guys call it but the page loading is very slow for me today.
Zero2Cool (21h) : SSL might be settled now.
Zero2Cool (23-Jul) : Still working through SSL cert issues
wpr (23-Jul) : Glad to be back
Zero2Cool (23-Jul) : I think PH original finally working.
dfosterf (22-Jul) : Can tell you are having a fun day Kev
Zero2Cool (22-Jul) : Yep, I had to manually move them. It'll fix itself after more posts.
Mucky Tundra (22-Jul) : Same deal with the songs/videos thread, says you replied last but when I go there it's what I posted earlier is last
Zero2Cool (22-Jul) : I had to manually move three posts.
Mucky Tundra (22-Jul) : But when I go it, Martha's is the last reply
Mucky Tundra (22-Jul) : Still a little screwy; it shows on the main forum that you were the last person to reply to the Jenkins trade thread
Zero2Cool (22-Jul) : Host issues, been crazy day
Mucky Tundra (22-Jul) : Connect 4?
Zero2Cool (22-Jul) : Connecting to new database
Zero2Cool (22-Jul) : What the hell
beast (22-Jul) : Packershome going to the Whiteout unis again
Zero2Cool (21-Jul) : Oh wait, they got Cam Ward. 1st overall right? haha oops
Zero2Cool (21-Jul) : They could send Packers a 1st for a QB they are familiar with
Zero2Cool (21-Jul) : Titans QB Will Levis to have season-ending shoulder surgery
Zero2Cool (19-Jul) : Their season did kind of start there, so 🤷
dfosterf (19-Jul) : Eagles put an engraved Brazil flag on their super bowl rings
Zero2Cool (18-Jul) : Benton unsigned no more
Zero2Cool (17-Jul) : That's good analysis, yes you are getting old. It'd a blessing!
dfosterf (14-Jul) : *analysis* gettin' old
dfosterf (14-Jul) : One of the best analyisis I"ve ever watched at this time of an offseason
dfosterf (14-Jul) : Andy Herman interviewed Warren Sharp on his Pack a day podcast
Please sign in to use Fan Shout
2025 Packers Schedule
Sunday, Sep 7 @ 3:25 PM
LIONS
Thursday, Sep 11 @ 7:15 PM
COMMANDERS
Sunday, Sep 21 @ 12:00 PM
Browns
Sunday, Sep 28 @ 7:20 PM
Cowboys
Sunday, Oct 12 @ 3:25 PM
BENGALS
Sunday, Oct 19 @ 3:25 PM
Cardinals
Sunday, Oct 26 @ 7:20 PM
Steelers
Sunday, Nov 2 @ 12:00 PM
PANTHERS
Monday, Nov 10 @ 7:15 PM
EAGLES
Sunday, Nov 16 @ 12:00 PM
Giants
Sunday, Nov 23 @ 12:00 PM
VIKINGS
Thursday, Nov 27 @ 12:00 PM
Lions
Sunday, Dec 7 @ 12:00 PM
BEARS
Sunday, Dec 14 @ 3:25 PM
Broncos
Friday, Dec 19 @ 11:00 PM
Bears
Friday, Dec 26 @ 11:00 PM
RAVENS
Saturday, Jan 3 @ 11:00 PM
Vikings
Recent Topics
2h / Around The NFL / beast

4h / Green Bay Packers Talk / Mucky Tundra

6h / Around The NFL / Mucky Tundra

9h / Green Bay Packers Talk / bboystyle

10h / Green Bay Packers Talk / beast

10h / Green Bay Packers Talk / beast

20h / Green Bay Packers Talk / wpr

23-Jul / Green Bay Packers Talk / beast

22-Jul / Random Babble / Zero2Cool

22-Jul / Green Bay Packers Talk / Zero2Cool

22-Jul / Green Bay Packers Talk / Zero2Cool

20-Jul / Green Bay Packers Talk / Mucky Tundra

20-Jul / Green Bay Packers Talk / Mucky Tundra

18-Jul / Green Bay Packers Talk / Zero2Cool

15-Jul / Green Bay Packers Talk / Mucky Tundra

Headlines
Copyright © 2006 - 2025 PackersHome.com™. All Rights Reserved.