Shaq's Budget

[Buku]

Quote:

Originally Posted by cute fuzzy bunny I'd make him mad. I can shoot free throws from half court with nearly 100% accuracy. He cant make them from the free throw line. But he's a better actor than I am.

FRAPS/ Youtube...or it never happened

[Eyerishgold]

Quote:

Originally Posted by clifp I am pretty impressed 50%+ saving rate. On the other hand I bet Warren Buffett could live on his $100,000 salary except for his netjets usuage.

Doesn't Berkshire own NetJets? Am I missing something or just a bit slow today?
History

NetJets Inc. formerly Executive Jet, Inc. was founded in 1964 as the first private business jet charter and aircraft management company. The NetJets program was created in 1986 by Richard Santulli, the Chairman and CEO of NetJets Inc. as the first fractional aircraft ownership program. In 1998, after being a NetJets customer for three years, Warren Buffett, Chairman & CEO of the Berkshire Hathaway company, acquired NetJets Inc.

[cute fuzzy bunny]

Quote:

Originally Posted by Buku FRAPS/ Youtube...or it never happened

YouTube - shaq in scary movie 4

[FinanceDude]

Quote:

Originally Posted by cute fuzzy bunny I'd make him mad. I can shoot free throws from half court with nearly 100% accuracy. He cant make them from the free throw line. But he's a better actor than I am.

Send me a youtube video, and I'll get the Harlem Globetrotters to give you a tryout........

[StJohnsWood]

Quote:

Originally Posted by RunningBum Google is your friend. Googling "Shaquille O'Neal investments" shows that he has a stake in sportsline.com, a Miami condo project, and this article gives more details on investments and strategy. He may not be so smart about his cable bill, but his financial plan looks pretty solid. All-Star Investors Shaquille O'Neal likes tech stocks. Dale Earnhardt owns a seat on the NYSE. Even pro baseball players must admit it: Investing is America's real national pastime. - September 1, 2000 SHAQUILLE O'NEAL Staying rich Shaquille O'Neal, it will surprise no one to learn, makes a ton of money. His six-year contract with the Lakers pays him $121 million. And since leading L.A. to the NBA championship in June--and becoming MVP for both the regular season and the finals--O'Neal is in an extremely good position to negotiate an extension. Between whatever the team winds up paying him and his numerous endorsement deals, he will no doubt become even richer than he already is. So what's O'Neal's strategy with all that cash? MONEY caught up with him on a hot, sunny day in L.A. a week after the NBA finals. He arrived at our photo shoot with all the accoutrements of celebrity: a custom car (black windows, Superman emblem on the rear bumper), a cell-phone-toting agent, and an entourage of about six rappers, actresses and others. But talking about investing, he sounded more like a C.F.A. than you might expect from a seven-foot-one, 335-pound, tattooed athlete and would-be hip-hop and movie star. "I'm very conservative," O'Neal says, "I don't like taking risks. If I have $20 million and I'm making 6%, that's okay with me. I don't need to make $20 million into $200 million." In basketball, hot young stars, generally kids with no financial experience, are often presented with huge paychecks. For most, this is the first real money they've ever seen, and it falls on them as if out of the blue. Some learn how to handle it; others don't. Back in the 1980s, Kareem Abdul-Jabbar, one of the game's most dominant and highly paid players, lost millions via lavish spending and bad investments. O'Neal, the nba's No. 1 draft pick in 1992, says he almost fell into that trap with his first paycheck, which was for $1 million. He spent most of it on a $100,000 Mercedes-Benz with a top-of-the-line sound system for himself, a matching car for his father and an array of superstar accessories, including suits and cell phones. O'Neal knew that there was more money in the pipeline, but he was unnerved by how easy he found it to turn a lot of cash into almost nothing. So he hired business manager Lester Knispel to handle his money--with the emphasis on safety. Knispel farms O'Neal's millions out to two money managers whose primary instructions are less to grow their client's capital than to preserve it for his two children--and their children. Knispel says he compares Shaq's portfolio with those of his other celebrity clients: If O'Neal's managers underperform their peers for two consecutive quarters, they're out. Generally, O'Neal is invested in U.S. Government bonds and blue-chip stock funds. He also owns annuities due to pay off when he's 35, 45 and 55. All that prudence, however, doesn't mean that Shaq is unwilling to take the occasional flier on individual stocks, especially tech stocks. "The digital world is taking over," he says. O'Neal says he'll hear about a tech company--sometimes from market enthusiasts and fellow Lakers Rick Fox and John Salley--and then have Knispel look into it. Knispel says that such investments are a tiny part of O'Neal's portfolio: If a stock doesn't take off as expected within a few weeks, Knispel will dump it. O'Neal holds a number of tech blue chips like AOL, Microsoft, Lucent and Oracle for the long haul. He also often takes equity positions in companies that he does endorsements for, such as Internet service provider Freeinternet.com and Dunk.net, an online athletic-wear store. O'Neal says he's interested in the market without being preoccupied. "I'm not the kind of guy who reads the Wall Street Journal or looks at my portfolio every day," he says. "I don't really worry about [money]. I'm blessed obviously to have it; now the thing I need to do is keep it and make it grow for my kids."

Very interesting. Hopefully Shaq still has power of attorney.

[cute fuzzy bunny]

Quote:

Originally Posted by FinanceDude Send me a youtube video, and I'll get the Harlem Globetrotters to give you a tryout........

Hmmm...maybe. Before I commit, what would be my clever HG name?

[Marquette]

Quote:

Originally Posted by cute fuzzy bunny Hmmm...maybe. Before I commit, what would be my clever HG name?

Fuzzy Bunny Balls

[FinanceDude]

Quote:

Originally Posted by RunningBum t on the NYSE. Even pro baseball players must admit it:,He also owns annuities due to pay off when he's 35, 45 and 55.

Interesting...............

[FinanceDude]

On another note, my 8-year old son took 2nd in the District free throw shooting contest.

The winner made 17 out of 25. My son and another kid made 16 out of 25, so they had a shoot-off, best of 5 more. The first kid missed the first two, then sunk the next 3. My son shrugged it off, and MADE ALL 5!!

Pretty good, since all the other kids were 9, and he was only 8, and he never practices.........

[Nords]

Quote:

Originally Posted by FinanceDude On another note, my 8-year old son took 2nd in the District free throw shooting contest.

I don't follow basketball, but even I've heard that it's a good thing Shaq never entered these contests...

[cute fuzzy bunny]

My 3 year old can dunk.

Of course, I put the basket down to about 3' off the ground for him.

[Notmuchlonger]

With quality movies like Kazaam and Steel the Big Diesel is set for life Heres hoping for a Kazaam 2 and Steel 2

[cute fuzzy bunny]

I think after you've appeared in a comedy slasher film with Dr. Phil, you've peaked. Anything after this is just going to disappoint.

[Achiever51]

Quote:

Originally Posted by thefed are you serious? how about an NBA tryout...i know dan gilbert

I know Dan, too! Verrrrry interesting guy...