How long it will take until TBE waste his fortune and ends up like RJJ?

Discussion in 'World Boxing Forum' started by salih, Jan 3, 2016.


  1. SOUTHERMOST

    SOUTHERMOST Boxing Addict Full Member

    4,957
    216
    Oct 24, 2006
    You are wrong about Jones according to Forbes his fortune is about 40 Millions.
     
  2. eltirado

    eltirado Obsessed with Boxing Full Member

    15,706
    1,690
    Jul 31, 2013
    5% is a realistic rate for someone with $100M

    Despite what media feeds the peasants (so they pour their $ into wall street & pay the expenses of the corporate class), the more stable the economy the less likely they will want to give you higher %

    Example Vietnam banks started offering near 20% when people were not sure if it was safe, went down to 13% in 2011 & now its down to 5% in 2016

    Venezuela used to have lower rates under 10%, but with oil problems today its up to 15%, so if you think Venezuela will not meltdown that is what they offer today

    If you have staying $100M lots of banks will give you a 4-5%
    (Dubai, New Zealand, Uruguay, Colombia)

    Then you can get +10% in chronically doubted nations
    (Turkey, Azerbaijan, Brazil & Armenia)

    Basically you have to shop for the IR%


    Is 5% good? If you are Mayweather its perfect, Banks are perfect for Athletes & they should avoid being scammed by professional swindlers who want to drown them into a "business", it usually ends up with the Athlete broke :nono
     
  3. eltirado

    eltirado Obsessed with Boxing Full Member

    15,706
    1,690
    Jul 31, 2013
    Worldwide interest rates vary from (-) fee% in nations that don't want your $, to near 30% rates in nations that need your $ :smoke
     
  4. itsa

    itsa Boxing Addict Full Member

    4,747
    48
    May 22, 2015
    you need to diversify your bonds. the economy needs floyd to throw hundys on them strippers. the strippers will then have more money to put into other businesses. the more money floyd spends we all win.
     
  5. itsa

    itsa Boxing Addict Full Member

    4,747
    48
    May 22, 2015
    I think people confuse broke with bored too often.
     
  6. eltirado

    eltirado Obsessed with Boxing Full Member

    15,706
    1,690
    Jul 31, 2013
    In a way I felt guilty offering that advice, but yes its bad for your local community to send the $ out.

    Strippers are a good wealth distributor, handing it to Broner & his children...hopefully pacifies them & helps the community stay calm :think
     
  7. eltirado

    eltirado Obsessed with Boxing Full Member

    15,706
    1,690
    Jul 31, 2013
    RJ is doing good he just needs a better team, Putin Street IQ is overrated handing his daughter to the plucked eyebrow guy along with a $1.75 Billion govt special loan :huh , then getting his newly baptized Alpha Crimean citizen KTFO infront of the Crimean peasantry.
     
  8. Inspector

    Inspector Well-Known Member Full Member

    2,008
    5
    Jun 25, 2013
    Yes, in this case. Because he's not a likeable man and if he did go broke then he would be a complete idiot.
     
  9. Doc Everlast

    Doc Everlast Boxing Junkie Full Member

    11,371
    10
    Aug 23, 2013
    Floyd should cut down the entourage a bit for starters.
     
  10. HerolGee

    HerolGee Loyal Member banned Full Member

    41,974
    4,029
    Sep 22, 2010
    even don king would find it hard to squander that wealth in his remaining lifetime.

    money does not come across as a decent man though, it would be nice to see him poor one day. an anti social role model is a stupid one.
     
  11. lefthandlead

    lefthandlead Boxing Junkie Full Member

    9,984
    878
    Jan 1, 2010
    This..This alone could make him broke.
     
  12. ImBetterThanJoe

    ImBetterThanJoe Active Member Full Member

    1,493
    9
    Aug 28, 2012
    If Floyd did waste all his money and made a come back in about 4 years he would still make a crazy amount of money from his comeback fight. The amount of people who would buy the ppv to see him lose would be ridiculous. So he would millions in his account once again and one would have to assume he would be a lot wiser with his money this time.
     
  13. Staminakills

    Staminakills Obsessed with Boxing Full Member

    15,329
    2,095
    Jun 8, 2012
    US is always a good to great place to keep the kind of money Floyd has. He wouldbnt have to risk a penny and still live lavishly on interest alone. My bank is at a fixed 6.smg% and I don't have anything nearly like these top athletes, yet I live happily off 90% money spent being that of interest made..

    Of course, I feel I get screwed the beginning of each quarter for tax purposes. Ahh oh well, phuck it. Can't be dealing with that sh!t 4x a frigging year. Let others do so long as you see continued growth
     
  14. This is the smartest most intelligent comment I have read on this forum.
     
  15. alexthegreatmc

    alexthegreatmc Sound logic and reason. You're welcome! Full Member

    39,120
    1,801
    Sep 10, 2013
    About as long as it'd take you to make that money.