Have Cacs rob you for 43 million dollars, plan to murk them then chicken out brehs.

[MalikX]

WHAT THE fukk IS WRONG WITH THESE nikkaS. WHY CAN'T THEY JUST MANAGE THEIR OWN MONEY? IT CAN'T BE THAT fukkING DIFFICULT STICK THE shyt IN A fukkING INDEX/MUTUAL FUND, BUY TREASURY BONDS, SET UP A TRUST AND GO PLAY fukkING FOOTBALL.

AND IF YOU MUST GO TO A MONEY MANAGER, TAKE YOUR ASS UP TO GOLDMAN SACHS OR MORGAN STANLEY. THAT'S WHAT THE PRIVATE WEALTH MANAGEMENT DEPARTMENT IS THERE FOR. OR BLACKROCK. THESE ARE ELITE FIRMS HANDLING TRILLIONS OF DOLLARS IN ASSETS. THAT'S WHO YOU GO TO, TO MANAGE YOUR MONEY, IF YOU MUST HAVE SOMEONE. NOT SOME nikka YOU MET THAT SAYS HE'S AN INVESTOR.​

 

[REdefinition]

I remember seeing Clinton Portis on MTV cribs showing off a stripper pole in his basement and saying he got it because he wanted to be a fireman as a kid lol.

 

[King Poetic]

The spending habits of Portis and trusting the wrong people were his undoing. He trusted advisors Jeff Rubin and Jinesh Brahmbhatt, both of whom were registered financial advisers with the NFL Players Association.

"They come impressive,” Portis told Burnsed. “The complication begins because you don’t understand it. You don’t know what they’re saying, but you just get involved.”

Brahmbhatt was later banned by the NFLPA for running a Ponzi scheme.

Rubin got Portis to invest $1 million in an Alabama casino. That casino was shut down in 2012 after the state's regulators got involved. Portis says that in all $3.1 million from his account was taken by Rubin.

When the total amount of his debt was tallied, it reached a staggering $5 million.

According to court documents, Portis owed $412,000 in domestic support to four women, $390,000 due to the IRS, $287,000 more owed to the MGM Grand casino and $170,000 to the Borgata and $500,000 to his own mother.


this is why u go the isiah zeke thomas route of taking your contract to a lawyer to look over it and tell you the ends and outs of it and do everything yourself

nikkas can spend hours chasing p*ssy, but can't sit down for hours and look over their finances

 

[MalikX]

White poeple do it also, and they make money off it.

Thats why Investment management companies like Morgan Stanley and Fidelity are so big.

Its not a easy solution, I don't know who he invested with, but usually people dont lose big on safe investments.

I bet everything he just invested with some DC guy that was doing "investments" with rich people in the area. On some "Ballers" shyt. Either learn to manage your money or go to the top firms. People at Goldman Sachs, JP Morgan and Blackrock aren't stealing an NFL players money when they have a billion (almost a trillion) dollar brand to protect. Also, you aren't supposed to invest everything. You supposed to have a portion you invest aggressively, a portion you invest conservatively, keep some in cash, and park the rest in other assets (real estate, bonds, trusts, gold, businesses, whatever). This shyt makes me mad just reading it. These guys could save themselves alot of heartache if they just picked up a fukking book.

 

[™BlackPearl The Empress™]

There has to be laws against this bullshyt.

How do ppl do this to thousands of athletes and skate?

They do but you have to understand they operate as representatives of a corperatation with limited liability. You can't send a corperation to jail. That is why it is important to learn the system; so you don't become a victim of it.

 

[Sauce Dab]

Coli financial advisers putting in work in here

 

[Biscayne]

Better hit up Eastern Motors for another commercial.

The music in those commercials were so weird...



I'm not even from the DMV, but having been to DC so many times, I've seen that commercial alot.

 

[MalikX]

Have u ever had millions?? Growing your money is important. Leaving generational wealth is important at that point...it turns into a goal. How can you take care of ur bloodline yrs and yrs aftwr your gone. Ppl in that position know they can live how they want for the rest of their lives but the mindset changes when you have wealth like that. Its not about "making it thru my life" its about setting up great grand kids...

If god ever lets me touch millions, I'm locking mine up in a trust. I'd give my kids some cash, pay off school, hopefully pass down businesses but, most of my bread would be locked in a trust so future generations could extract from it YEARS from now when they wanted to start companies, invest or go to school. That's it. Other than that, I want that shyt wrapped up tighter than a straight jacket. The goal would be for my smart descendants to use that money to make more money and push themselves further, not for a bunch of lazy ass kids to sit around spending up my bread doing nothing.

 

[King Poetic]

Spend 3 to 4 years in college to learn nothing at all

This is why these athletes need to turn off the scarface movies, these hood films showing drug dealers getting into 6 different things and most importantly stopped listening to broke family and friends telling u how to put your money into a strip club or some other silly shyt..

It's sad when u live in the hood and u open your door and that former 50 million dollar nikka is living next door cutting his grass

 

[Professor Beef]

give money to complete strangers without doing research, brehs

 

[lotteryplaya]

They do but you have to understand they operate as representatives of a corperatation with limited liability. You can't send a corperation to jail. That is why it is important to learn the system; so you don't become a victim of it.

This. Portis is a victim and there is a lot of disgusting victim blaming going on up in here. The man did what everybody says the newly rich should do which is hire certified financial professionals and these guys were approved by the NFLPA. NFLPA is the weakest union in American pro sports and now they cant even guide players to the right financial advice. Most critics need to just cut the bullshyt and admit they hate these athletes no matter what they do because of jealousy. The laws of the land let these crooks walk free with no jail time and the criticism is of the victim Portis.

 

[josuke]

i'd kill them and their entire bloodline
if they stole 43 big ones from me.

sooo not only would u have lost ur monies but ur freedom as well when they thro u into some backward jail

 

[Adidacs]

i come up on 40 million

i'm putting 5 of that into gold

i'm putting 10 of that into good healthy land

i'm putting 15 of that into a mutual fund

and 10 of that in savings

dumbass nikkas piss away a fukking fortune smh

 

[Adidacs]

This. Portis is a victim and there is a lot of disgusting victim blaming going on up in here. The man did what everybody says the newly rich should do which is hire certified financial professionals and these guys were approved by the NFLPA. NFLPA is the weakest union in American pro sports and now they cant even guide players to the right financial advice. Most critics need to just cut the bullshyt and admit they hate these athletes no matter what they do because of jealousy. The laws of the land let these crooks walk free with no jail time and the criticism is of the victim Portis.

so even you know only an idiot would do it

not victim blaming.. blame goes on the advisors, and the blame for trusting them goes on him

 

[Cryptocurrency Scarface]

Sounds like this