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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.
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.
10% is conservative the last 5 years. Especially when you can afford to be aggressive.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.
Not be able to invest ~10% of your income is better than having half of it depreciate for years before you can invest it.
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.
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 luckThat’s what the average SP 500 return over the past 90 years has been.
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.
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.
