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Clinton Portis

Ghost666

Freshman
Joined
Apr 18, 2017
Messages
357
I'm pretty sure we would all contemplate murder in that situation. There is a huge difference between thinking it and acting on it, though.
 

BeachCanes

Sophomore
Joined
Dec 11, 2015
Messages
1,905
I'm pretty sure we would all contemplate murder in that situation. There is a huge difference between thinking it and acting on it, though.

You'd be surprised. Court once ruled some cop guilty in NY because the dude would spend countless hours on the dark web fantasizing and having convos about torturing and killing people. Never acted on it.
I believe he was found not guilty on an appeal a little less than a year later.
 
Joined
Feb 4, 2016
Messages
3,190
2 things, one this is why when you get a free education you should take it serious and not be an idiot, and two only reason he didn't kill him was because he didn't see him that night according to him.
 

Canedog

Multiple Trophy Winning Poster
Joined
Jun 4, 2015
Messages
7,860
Somebody need to steer these players to a Vanguard index fund.
 

OriginalCanesCanesCanes

All-ACC (#1 most reproted porster on CIS)
Joined
Feb 7, 2013
Messages
24,452
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year
 

Canezum5

Senior
Joined
Sep 29, 2014
Messages
3,260
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year

You say that; but half these players go broke from getting robbed by people and firms just like that.
 

Zbrod95

Fire Manny Mamaguebo
Joined
Dec 13, 2015
Messages
17,996
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year

You say that; but half these players go broke from getting robbed by people and firms just like that.

No they don't, they go broke trying to support everyone around them.

Places like Morgan Stanley would be out of business if half their clients lost money
 

Zbrod95

Fire Manny Mamaguebo
Joined
Dec 13, 2015
Messages
17,996
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year
Or invest in actual business like buying 20 Dunkin' Donuts stores and other shops like that
 

Canezum5

Senior
Joined
Sep 29, 2014
Messages
3,260
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year

You say that; but half these players go broke from getting robbed by people and firms just like that.

No they don't, they go broke trying to support everyone around them.

Places like Morgan Stanley would be out of business if half their clients lost money

Dude, the research is out there. Big time financial firms get shut down all of the damn time for fraud, embezzlement, larceny, etc.

You should NEVER trust ANYONE but yourself with YOUR money. Period.
 

the storm

Banned Under CIS Martial Law until 11/5/20
Joined
May 10, 2014
Messages
3,457
The landscape is littered with players/former players who this has happened to. Most universities bring in financial people to warn players going to the NFL about this very thing and the necessity to invest with reputable companies, i.e., Fidelity, Schwab, etc. Sadly many of them listen to family members or hangers on & lose it all.
 

OriginalCanesCanesCanes

All-ACC (#1 most reproted porster on CIS)
Joined
Feb 7, 2013
Messages
24,452
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year

You say that; but half these players go broke from getting robbed by people and firms just like that.

No they don't, they go broke trying to support everyone around them.

Places like Morgan Stanley would be out of business if half their clients lost money

Dude, the research is out there. Big time financial firms get shut down all of the damn time for fraud, embezzlement, larceny, etc.

You should NEVER trust ANYONE but yourself with YOUR money. Period.

You're not correct here about the big firms.

You just have a generalized suspicion of "big firms" like Fidelity, Morgan Stanley, etc., without even understanding what they do and how they run their Wealth Management departments. So just stop. You don't get it.

I'll state it again, had he gone to one of these firms, instead of giving his money to one of these hucksters, whatever amount he had on hand to invest, let's say $20 million, he'd still have every penny of it.

And assuming this was like ten years ago, if they had convinced him to approve a semi-aggressive portfolio allocation leaning more heavily to the market, his money would have at least doubled. Had he gone super conservative, he'd still have all his original investment, plus at least another 4-5 million.
 
Joined
Feb 4, 2016
Messages
3,190
They just need to listen to common sense.

If you have no clue what to do with your money, take that money to a big house like Morgan Stanley or the like, they have wealth management for clients, let them know what your risk tolerance is, and let them take it from there.

Had he done that he would have whatever he had at the time plus probably at least a 10 to 15% return over that time per year

You say that; but half these players go broke from getting robbed by people and firms just like that.

No they don't, they go broke trying to support everyone around them.

Places like Morgan Stanley would be out of business if half their clients lost money

Dude, the research is out there. Big time financial firms get shut down all of the damn time for fraud, embezzlement, larceny, etc.

You should NEVER trust ANYONE but yourself with YOUR money. Period.

You're not correct here about the big firms.

You just have a generalized suspicion of "big firms" like Fidelity, Morgan Stanley, etc., without even understanding what they do and how they run their Wealth Management departments. So just stop. You don't get it.

I'll state it again, had he gone to one of these firms, instead of giving his money to one of these hucksters, whatever amount he had on hand to invest, let's say $20 million, he'd still have every penny of it.

And assuming this was like ten years ago, if they had convinced him to approve a semi-aggressive portfolio allocation leaning more heavily to the market, his money would have at least doubled. Had he gone super conservative, he'd still have all his original investment, plus at least another 4-5 million.

This dude gets it, trusting your money in a Ponzi Scheme vs an actual company are two completely different concepts.
 

firstandcanes

Sophomore
Joined
Oct 4, 2015
Messages
2,397
Along with investment issues, Burnsed wrote in detail about Portis' lavish spending on cars, houses, clothing and trips, all of which contributed to his eventual bankruptcy.

Is it really a wonder why these guys go broke?
 

OmahaCane

Redshirt Freshman
Joined
Nov 4, 2011
Messages
157
Dude is talking about $11M on the $200M+ he earned in the league. Yeah it sucks to lose $11M but the other $189M before taxes should have kept him and his family set for 12 lifetimes.
 
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