Pro Contracts and Investments

tprice07
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tprice07
https://youtu.be/wMpZgt6agpU

Shaq spent $1 million in a day. How much do you think Roczen, Barcia, Tomac and Dungey spent?

While none of us know the dollar amounts of those contracts, we can only assume they are in the millions (plural). I doubt any of them have Shaq money coming, but it will be interesting to see how they fair over time. Kevin Windham was smart with the money he earned. Shaq actually turned it all around immediately after seeing his mistakes.

These riders may only get one shot. If they blow a million, they may not be able to recover.

Shaq Investments

Where do you guys invest your money? It seems a lot of you have rental properties.
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dv12.com
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dv12.com 9/26/2016 12:50pm
9/26/2016 12:50pm Edited Date/Time 9/26/2016 5:18pm
100% on my income comes from the stock market where 3/4 of my money is invested. No rental property. I dont believe in residential real estate investment. Just 2 houses I use.
tprice07
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tprice07 9/26/2016 12:55pm
9/26/2016 12:55pm
dv12.com wrote:
100% on my income comes from the stock market where 3/4 of my money is invested. No rental property. I dont believe in residential real estate...
100% on my income comes from the stock market where 3/4 of my money is invested. No rental property. I dont believe in residential real estate investment. Just 2 houses I use.
Ouch, divorce hurts. No prenup? Or was the marriage before you made the big money.

Since you are someone in the know, what do you think some of these contracts are for? And what do you think some of these top guys are taking home at the end of the year after all deals are done.

How do they compare to the contracts around your peak?
bvm111
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bvm111 9/26/2016 12:56pm
9/26/2016 12:56pm
Look who the Big Baller is now!!!! GrinningGrinning

Just kidding David ! Tongue
IWreckALot
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IWreckALot 9/26/2016 1:03pm
9/26/2016 1:03pm
The sad part is a million really doesn't go far. It's easy to spend that much when you buy a house (especially in California) and then pay for a few necessities and luxuries.

The Shop

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CarlinoJoeVideo
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CarlinoJoeVideo 9/26/2016 1:14pm
9/26/2016 1:14pm
If you haven't seen the short documentary, "Broke" from the ESPN "30 For 30" series it's really good. Football players and basketball players explaining where their money went. It's insane some of the things they say..

https://youtu.be/BWsEDcdU54s
dv12.com
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dv12.com 9/26/2016 1:19pm
9/26/2016 1:19pm
tprice07 wrote:
Ouch, divorce hurts. No prenup? Or was the marriage before you made the big money. Since you are someone in the know, what do you think...
Ouch, divorce hurts. No prenup? Or was the marriage before you made the big money.

Since you are someone in the know, what do you think some of these contracts are for? And what do you think some of these top guys are taking home at the end of the year after all deals are done.

How do they compare to the contracts around your peak?
For the "top 1%" or less...

This is a ballpark for the big names in 450...

Count $2M for bike. $1M for all gear. (in some cases $500-800k for personal energy drink) $100$/ win. $1M/championship...

For top 5-8 guys in 450. Divide by 3 or 4 the base salaries. Same bonuses though
huck
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huck 9/26/2016 1:25pm
9/26/2016 1:25pm
A fool and their money are soon parted...
JSC&B
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JSC&B 9/26/2016 1:35pm
9/26/2016 1:35pm
DV has good advice.
tprice07
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tprice07 9/26/2016 1:38pm
9/26/2016 1:38pm
JSC&B wrote:
DV has good advice.
So what advice does DV have for these guys?

Where should these guys put their money?
dv12.com
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dv12.com 9/26/2016 1:46pm
9/26/2016 1:46pm
tprice07 wrote:
So what advice does DV have for these guys?

Where should these guys put their money?
Live modestly. No sports car. No $2M houses. Start a pension & retirement account. Invest instead of spending. Life after MX all the way to death is long and cost of living will rise 3% a year till then...
moto0852
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moto0852 9/26/2016 1:47pm
9/26/2016 1:47pm Edited Date/Time 9/26/2016 1:48pm
dv12.com wrote:
100% on my income comes from the stock market where 3/4 of my money is invested. No rental property. I dont believe in residential real estate...
100% on my income comes from the stock market where 3/4 of my money is invested. No rental property. I dont believe in residential real estate investment. Just 2 houses I use.
DV, as a finance guy I've wanted to hit you up on how you've deployed your money. I'm interested,
Do you pick your own investments or use a Financial Planner?
Individual stocks or ETF's/Mutual funds?
Buy and hold or more active trading?
Dividend focus/ Income or growth focus?

Would love a little glimpse into how you set it up and who gave you advice etc.
dv12.com
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dv12.com 9/26/2016 2:50pm
9/26/2016 2:50pm
moto0852 wrote:
DV, as a finance guy I've wanted to hit you up on how you've deployed your money. I'm interested, Do you pick your own investments or...
DV, as a finance guy I've wanted to hit you up on how you've deployed your money. I'm interested,
Do you pick your own investments or use a Financial Planner?
Individual stocks or ETF's/Mutual funds?
Buy and hold or more active trading?
Dividend focus/ Income or growth focus?

Would love a little glimpse into how you set it up and who gave you advice etc.
Some, the retirement stuff, is invested for growth which is more agressive. Some is invested to get income out of it since I'm retired. It's managed, I don't pick stocks, bond or funds and I'll try to make sure they invest muni bonds to keep taxes down. I just don't invest in real estate. yearly ROI sucks. You only get the money 20 years down the line when it's paid off and rent or sell... real estate is a good invested for people that have not too much cash. You can get a mortgage and the rent can pay the payments and taxes/insurance. Buying a house cash for 3-400k to rent it out as an investment doesn't make sens to me. ROI half lower as average Dow or S&P 500
MarkF
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MarkF 9/26/2016 3:23pm
9/26/2016 3:23pm Edited Date/Time 9/27/2016 8:24am
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newmann
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newmann 9/26/2016 3:25pm
9/26/2016 3:25pm
tprice07 wrote:
So what advice does DV have for these guys?

Where should these guys put their money?
dv12.com wrote:
Live modestly. No sports car. No $2M houses. Start a pension & retirement account. Invest instead of spending. Life after MX all the way to death...
Live modestly. No sports car. No $2M houses. Start a pension & retirement account. Invest instead of spending. Life after MX all the way to death is long and cost of living will rise 3% a year till then...
You didn't give all your money to Greg Albertyn to invest for you?






Whistling
newmann
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newmann 9/26/2016 3:26pm
9/26/2016 3:26pm
MarkF wrote:
*
What do you and DV consider "strong dividends"?
MarkF
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MarkF 9/26/2016 3:31pm
9/26/2016 3:31pm Edited Date/Time 9/27/2016 8:24am
MarkF wrote:
*
newmann wrote:
What do you and DV consider "strong dividends"?
*

Pit Row

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MarkF
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MarkF 9/26/2016 3:35pm
9/26/2016 3:35pm Edited Date/Time 9/27/2016 8:24am
*
Crush
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Crush 9/26/2016 3:42pm
9/26/2016 3:42pm
Almost every Sydney sider spends a million in one day when they buy their house.
MxKing809
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MxKing809 9/26/2016 5:03pm
9/26/2016 5:03pm Edited Date/Time 9/26/2016 5:06pm
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper off towards my retirement date in 2045. My YTD is around 7.9% last time I checked. I should have around 1.5 in there when I'm done working.

If riders were smart, they'd bank 1 mil and live on the 5% interest.
DB125
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DB125 9/26/2016 5:11pm
9/26/2016 5:11pm
Hey DV, ever trade currency?

Babypips.com
ACBraap
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ACBraap 9/26/2016 5:49pm
9/26/2016 5:49pm
MxKing809 wrote:
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper...
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper off towards my retirement date in 2045. My YTD is around 7.9% last time I checked. I should have around 1.5 in there when I'm done working.

If riders were smart, they'd bank 1 mil and live on the 5% interest.
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your house and car are paid for, but not a life of luxury.
Iridereallyslow 9/26/2016 6:12pm
9/26/2016 6:12pm Edited Date/Time 9/27/2016 4:42am
MxKing809 wrote:
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper...
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper off towards my retirement date in 2045. My YTD is around 7.9% last time I checked. I should have around 1.5 in there when I'm done working.

If riders were smart, they'd bank 1 mil and live on the 5% interest.
ACBraap wrote:
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your...
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your house and car are paid for, but not a life of luxury.
EDIT: I got a calculator!
newmann
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newmann 9/26/2016 6:20pm
9/26/2016 6:20pm Edited Date/Time 9/26/2016 6:21pm
MxKing809 wrote:
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper...
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper off towards my retirement date in 2045. My YTD is around 7.9% last time I checked. I should have around 1.5 in there when I'm done working.

If riders were smart, they'd bank 1 mil and live on the 5% interest.
ACBraap wrote:
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your...
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your house and car are paid for, but not a life of luxury.
Iridereallyslow wrote:
EDIT: I got a calculator!

Riding really slow isn't the only thing you need to worry about.
MxKing809
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MxKing809 9/26/2016 6:27pm
9/26/2016 6:27pm
MxKing809 wrote:
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper...
I max out my yearly contributions at the 17% percent I'm allowed.... mostly long term stocks in a pre-built package. It's aggressive now, and will taper off towards my retirement date in 2045. My YTD is around 7.9% last time I checked. I should have around 1.5 in there when I'm done working.

If riders were smart, they'd bank 1 mil and live on the 5% interest.
ACBraap wrote:
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your...
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your house and car are paid for, but not a life of luxury.
Iridereallyslow wrote:
EDIT: I got a calculator!
Don't sweat it bud.... I couldn't figure out x 10,000 the other day and thought I had my age x 10,000 in retirement
mxracer816
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mxracer816 9/26/2016 6:32pm
9/26/2016 6:32pm
newmann wrote:
Common core math?
Literally laughed my soda out my nose!!! So freaking true though!!!
mxbrady551
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mxbrady551 9/26/2016 6:32pm
9/26/2016 6:32pm
ACBraap wrote:
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your...
living on $50K a year isn't easy in most of the country, especially if you have free time to recreate all day. Certainly easier if your house and car are paid for, but not a life of luxury.
Iridereallyslow wrote:
EDIT: I got a calculator!
newmann wrote:

Riding really slow isn't the only thing you need to worry about.
LaughingLaughingLaughingLaughingLaughing Good straight to the point advice DV!

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