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The Clubhouse / Re: Extend Rendon
« Last post by nfotiu on Yesterday at 02:25:13 PM »
Again, any halfway decent financial manager will tell you to be aggressive when you're young. Actually, a financial crisis benefits young, wealthy people the most. They will be just fine and can use their remaining wealth to buy low, thus increasing their wealth when the crisis ends.
Young in terms of career age.   A 30 year old baseball player is more like a 55-60 year old regular employee.   
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The Clubhouse / Re: Extend Rendon
« Last post by Slateman on Yesterday at 02:07:55 PM »
I would think an athlete who makes all his life  income in a very short period of time is the least likely to be aggressive investing it.  If I made 100 million over my 10 year career, there is no way o am putting it in something that could lose half it’s value in the next financial crisis. 
Again, any halfway decent financial manager will tell you to be aggressive when you're young. Actually, a financial crisis benefits young, wealthy people the most. They will be just fine and can use their remaining wealth to buy low, thus increasing their wealth when the crisis ends.
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The Clubhouse / Re: Extend Rendon
« Last post by nfotiu on Yesterday at 01:56:37 PM »
10% is conservative the last 5 years. Especially when you can afford to be aggressive.

Not be able to invest ~10% of your income is better than having half of it depreciate for years before you can invest it.
I would think an athlete who makes all his life  income in a very short period of time is the least likely to be aggressive investing it.  If I made 100 million over my 10 year career, there is no way o am putting it in something that could lose half it’s value in the next financial crisis. 
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The Red Loft / Re: NCAA Football 2019.
« Last post by imref on Yesterday at 01:35:47 PM »
I'm watching the Monmouth-JMU game on ESPN3, second round of BCS playoffs.  It's 14-14 6 minutes in and Monmouth has only run one offensive play.
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The Red Loft / Re: #1 commercial that makes you want to smash your tv
« Last post by bluestreak on Yesterday at 01:03:03 PM »
McDonald's Spanish burger.  It has Gouda, which is a Dutch cheese, and bacon, on a burger
 What is Spanish about it?

The Canadian sandwich is fried chicken with mozzarella. I don't even think they have Canadian bacon on it.

Sorta like chicken tikka masala being the national dish of England...
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The Clubhouse / Re: Extend Rendon
« Last post by Natsinpwc on Yesterday at 12:29:20 PM »
10% was what madoff promised long term- if you think that’s sustainable and that’s what you’re using for your own calculations, good luck
That’s what the average SP 500 return over the past 90 years has been.

https://www.google.com/amp/s/www.cnbc.com/amp/2017/06/18/the-sp-500-has-already-met-its-average-return-for-a-full-year.html
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The Clubhouse / Re: Extend Rendon
« Last post by HalfSmokes on Yesterday at 12:17:18 PM »
10% is conservative the last 5 years. Especially when you can afford to be aggressive.

Not be able to invest ~10% of your income is better than having half of it depreciate for years before you can invest it.

10% was what madoff promised long term- if you think that’s sustainable and that’s what you’re using for your own calculations, good luck
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The Clubhouse / Re: Extend Rendon
« Last post by Natsinpwc on Yesterday at 12:09:19 PM »
No one has argued anything else. The question is what is the significance. The answer is not a whole lot for taxes, but it's pretty significant when discussing deferred money. Hence why deferred money usually requires the club offer significantly more overall salary.
As I noted a couple of days ago state taxes are more significant now because you can’t deduct them on your federal taxes anymore after $10K (which includes real estate taxes). So before if you played in a state with a 10 percent rate it really was only 6 percent because you could deduct at your 39.5 percent tip federal rate. Not anymore.

I agree the deferred money is more significant and that’s why the total contract dollars have to be higher. I mean that’s kind of obvious.
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