WoV stock portfolio
Quote: billryanWhen I was in college, my SS check was deposited on the 3rd of each month, as was everyone else's. Now they use a staggered system. My birthday is the 5th of the month, and I'll get my January check on Jan 14th. It must be tough for people who count on the checks to pay their rent.
link to original post
Huh? Your rent is due on the 1st and you get your check on the 14th……. You need someone to help you put that money into a checking account and have it sit there a whole 16 days without it somehow disappearing?
As long as I know what date my SS check comes, I can figure out how to use it for my mortgage. It’s not rocket science.
They switch the old 60-40 mix to the opposite-40-60
They recommend :
20% Domestic stocks
20% Foreign stock
60% Fixed income.
If everyone follows the advice and sells a third of their stocks......
Quote: billryanVanguard is recommending a very different investment strategy for 2026.
They switch the old 60-40 mix to the opposite-40-60
They recommend :
20% Domestic stocks
20% Foreign stock
60% Fixed income.
If everyone follows the advice and sells a third of their stocks......
link to original post
Th only sure fire investment strategy is to do the opposite of DRich.
Q: What's another term for a long-term investment?
A: A failed short-term investment.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
Quote: rxwineNo real place to put this: But it is investing I s'pose.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
link to original post
I’m sure that $400k pales in comparison to someone betting long on Chevron or Schlumberger. Both (owned by SOOPOO, coincidentally,) up a lot since the Trumpzuela attack.
I’m not exactly sure why, but I plan on buying CHE in the next week or two. Chile is such a long country. Most of my foreign investments are in short, fat countries.
Quote: rxwineNo real place to put this: But it is investing I s'pose.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
link to original post
Sites like this are designed to be exploited by people with inside knowledge.
$2.5B of market cap backing a phone app, the sole function of which is performing a function that has traditionally been performed by tapping your foot under a toilet stall.
Quote: SOOPOOQuote: rxwineNo real place to put this: But it is investing I s'pose.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
link to original post
I’m sure that $400k pales in comparison to someone betting long on Chevron or Schlumberger. Both (owned by SOOPOO, coincidentally,) up a lot since the Trumpzuela attack.
I’m not exactly sure why, but I plan on buying CHE in the next week or two. Chile is such a long country. Most of my foreign investments are in short, fat countries.
link to original post
Polymarket is not honoring bets on the kidnapping, citing the White House's statement that this was a law enforcement event, not a military invasion.
Quote: billryanQuote: SOOPOOQuote: rxwineNo real place to put this: But it is investing I s'pose.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
link to original post
I’m sure that $400k pales in comparison to someone betting long on Chevron or Schlumberger. Both (owned by SOOPOO, coincidentally,) up a lot since the Trumpzuela attack.
I’m not exactly sure why, but I plan on buying CHE in the next week or two. Chile is such a long country. Most of my foreign investments are in short, fat countries.
link to original post
Polymarket is not honoring bets on the kidnapping, citing the White House's statement that this was a law enforcement event, not a military invasion.
link to original post
Everything I read is that Polymarket has honored the Maduro to no longer be President bets. Can you link to any source saying Polymarket is not honoring bets?
If I understand correctly, by ‘not honoring’ a bet on Maduro’s ouster, that means that are ‘honoring’ the bets on the other side?
Quote: SOOPOOQuote: billryanQuote: SOOPOOQuote: rxwineNo real place to put this: But it is investing I s'pose.
Quote:Less than five hours before nighttime explosions rocked the Venezuelan capital of Caracas, an unknown trader doubled down on bets that Nicolás Maduro would soon be out as the country’s leader.
The wagers on Polymarket, a popular crypto-based betting platform, netted the trader more than $400,000, a 12-fold return on investment—and fueled suspicions that someone used inside knowledge of the closely held U.S. operation to make a quick profit.
Insider trading is illegal in the stock market, and regulators routinely monitor suspicious trades ahead of big corporate news so they can prosecute insiders who attempt to enrich themselves using nonpublic information.
There are fewer safeguards in place to prevent people from exploiting their inside knowledge on Polymarket. The site allows users to bet on a variety of future events, ranging from President Trump’s political appointments to this year’s World Cup to which characters would die in the recent season of “Stranger Things.”
link to original post
Front page of Yahoo Finance,1-07-26
I’m sure that $400k pales in comparison to someone betting long on Chevron or Schlumberger. Both (owned by SOOPOO, coincidentally,) up a lot since the Trumpzuela attack.
I’m not exactly sure why, but I plan on buying CHE in the next week or two. Chile is such a long country. Most of my foreign investments are in short, fat countries.
link to original post
Polymarket is not honoring bets on the kidnapping, citing the White House's statement that this was a law enforcement event, not a military invasion.
link to original post
Everything I read is that Polymarket has honored the Maduro to no longer be President bets. Can you link to any source saying Polymarket is not honoring bets?
If I understand correctly, by ‘not honoring’ a bet on Maduro’s ouster, that means that are ‘honoring’ the bets on the other side?
link to original post
Yesterday, The Guardian quoted Polymarket in saying the bet was on if the US invaded the country and the US hasn't invaded the country.
Perhaps there was a separate bet about removing the President, rather than a military invasion. Both articles talk about bettors being upset, so perhaps they will pay out.
I'm not aware that Madura has legally been removed as President. Has he?
Quote: billryanThe article on the front page of today's Yahoo Finance says Polymarket is refusing to settle some ten million dollars in bets, claiming the action was not an invasion. If the article is accurate or not, I can't say.
link to original post
I thought they were going to argue this was merely a transfer, given there seems to be a substantial amount of collusion between the US military and the regime, a regime which is still firmly in place as of this post. That would of been controversial but defensible because it is observably,substantially true. But they clearly aren't doing that.
They seem to be saying that this doesn't qualify as an invasion because of the limited scope, but haven't offered any alternative definition.
Last year, they deducted $2165 from my SS checks, and this year it went up to $206 a month.
Keep this in mind: if you retire at 62, you'll receive only about 70% of your full payout, and then, when you turn 65, you'll lose another 10-20% due to Medicare deductions. The Medicare deductions are increasing much faster than the annual cost-of-living increases and wiping out most of those increases, especially among low earners.
Quote: DougGanderQuote: billryanThe article on the front page of today's Yahoo Finance says Polymarket is refusing to settle some ten million dollars in bets, claiming the action was not an invasion. If the article is accurate or not, I can't say.
link to original post
I thought they were going to argue this was merely a transfer, given there seems to be a substantial amount of collusion between the US military and the regime, a regime which is still firmly in place as of this post. That would of been controversial but defensible because it is observably,substantially true. But they clearly aren't doing that.
They seem to be saying that this doesn't qualify as an invasion because of the limited scope, but haven't offered any alternative definition.
link to original post
One things for sure. Carefully worded bet parameters are important.
Quote: billryanI always thought Medicare was free for Seniors, but they don't tell you that they deduct over $200 a month for it.
Last year, they deducted $2165 from my SS checks, and this year it went up to $206 a month.
Keep this in mind: if you retire at 62, you'll receive only about 70% of your full payout, and then, when you turn 65, you'll lose another 10-20% due to Medicare deductions. The Medicare deductions are increasing much faster than the annual cost-of-living increases and wiping out most of those increases, especially among low earners.
link to original post
It’s a morass. Part A, B, C, D…. some included….. some with fees…. If you get a Medicare HMO you still have to pay some of the other fees…. Just a reminder for those that want the government ‘managing’ your healthcare.
And it’s shitty insurance, too. It only pays for 80% of their ‘approved’ rate.
Quote: SOOPOOQuote: billryanI always thought Medicare was free for Seniors, but they don't tell you that they deduct over $200 a month for it.
Last year, they deducted $2165 from my SS checks, and this year it went up to $206 a month.
Keep this in mind: if you retire at 62, you'll receive only about 70% of your full payout, and then, when you turn 65, you'll lose another 10-20% due to Medicare deductions. The Medicare deductions are increasing much faster than the annual cost-of-living increases and wiping out most of those increases, especially among low earners.
link to original post
It’s a morass. Part A, B, C, D…. some included….. some with fees…. If you get a Medicare HMO you still have to pay some of the other fees…. Just a reminder for those that want the government ‘managing’ your healthcare.
And it’s shitty insurance, too. It only pays for 80% of their ‘approved’ rate.
link to original post
I've had it for two years now. My only out-of-pocket expense has been a $65 co-pay for a minor operation and a $10 co-pay every ninety days on a medicine. All my other medicines are free. I keep hearing some horror stories from neighbors but so far it's keeping me alive.
Quote: billryanQuote: SOOPOOQuote: billryanI always thought Medicare was free for Seniors, but they don't tell you that they deduct over $200 a month for it.
Last year, they deducted $2165 from my SS checks, and this year it went up to $206 a month.
Keep this in mind: if you retire at 62, you'll receive only about 70% of your full payout, and then, when you turn 65, you'll lose another 10-20% due to Medicare deductions. The Medicare deductions are increasing much faster than the annual cost-of-living increases and wiping out most of those increases, especially among low earners.
link to original post
It’s a morass. Part A, B, C, D…. some included….. some with fees…. If you get a Medicare HMO you still have to pay some of the other fees…. Just a reminder for those that want the government ‘managing’ your healthcare.
And it’s shitty insurance, too. It only pays for 80% of their ‘approved’ rate.
link to original post
I've had it for two years now. My only out-of-pocket expense has been a $65 co-pay for a minor operation and a $10 co-pay every ninety days on a medicine. All my other medicines are free. I keep hearing some horror stories from neighbors but so far it's keeping me alive.
link to original post
I wouldn’t call them horror stories. But say you had a knee replacement and my Medicare approved fee is $300. That’s just for the anesthesiologist. I’d get $240 from Medicare and send you a bill for $60. Same concept for the surgeon. The radiologist. The hospital.
I have no complaints with using medicare, including the part I have had to pay, but I haven't used it much. Knock on wood.
We may , all of us old-timers, in the future wish we all had Medicare back like it was again!!
Me getting ready to pay part B:
My complaint isn't so much about the quality of care but about having the money taken from SS checks. When I wanted to collect at 62, I was given a figure and told it would increase in most years. No one mentioned that in two years, I'd start having $200 witheld from it, and it will continue going up.
That's all compiled from back in the day when you could buy a health insurance policy that was actually insurance quite reasonably, and you were on your own for routine and predictable expenses for which you used your HSA. It's not possible to get anything more out of a system than what you put into it, and there is no substitute for the consumer having something to lose if they don't ask questions and challenge business practices.
NEW ATH
+233%.
Still slowly moving $$ to 3.6% money market. So dampening gains, while buffering against potential losses.
Quote: SOOPOOBack to the WoV portfolio.
NEW ATH
+233%.
Still slowly moving $$ to 3.6% money market. So dampening gains, while buffering against potential losses.
link to original post
Bask bank which I use for savings account is currently giving 3.75% with no fees and no minimums.
Quote: billryanSGOV is still above 4.0, although it's down from a few months ago and will drop with the Fed. It's tax advantaged, as well.
link to original post
SGOV’s TRAILING returns for the past year are above 4%. The present yield, which of course can change day to day, is around 3.6%.
And AI will tell you that if there is another Fed rate cut expect SGOV returns to drop below 3.5%.
For those who mention taxes, my money that I am discussing is in a tax deferred account.
My point is not if I’m getting the best penny for my MMA, it’s that I’m putting money into one. Until a few years ago I kept so little in cash I didn’t even have a MMA.
Or attacking Venezuela
Or threatening a Greenland takeover
Or threatening to crush credit card companies
Or….. anything…
S & P 500 down today
Dow down today
WoV portfolio…. Up a little!
Other 4 SOOPOO portfolios. Even better!
Not sure why or how. Small caps did good today.
I think those 3 indices are so dominated by NVDA, META, TSLA that those 3 were the primary drag.
I don’t mind money shifting from the Mega-caps to the small caps.
Quote: SOOPOONasdaq down today
S & P 500 down today
Dow down today
WoV portfolio…. Up a little!
Other 4 SOOPOO portfolios. Even better!
Not sure why or how. Small caps did good today.
I think those 3 indices are so dominated by NVDA, META, TSLA that those 3 were the primary drag.
I don’t mind money shifting from the Mega-caps to the small caps.
link to original post
My stocks did well today. My largest holding in my retirement accounts is Hershey. After four years I am finally back profitable in that stock. It has been a real dog the last two years but it is looking up again as cocoa prices have fallen almost 50% since early last year. It has made me about $15k in the last five days after a horrible two years.
It was down almost 50% until a few days ago, which makes the dividend yield more attractive, but nearly half my metrics call it a sell, and the rest call it a hold( which is Wall St speak for sell)
+234%. The economy is SIZZLING. AI. Chocolate (paying homage to DRich and Hershey). Gold. Oil. Large Cap. Small cap.
In actuality, I really don’t understand why. Still slowly moving more $$ to MMA.
Are we on a rocket ship or a roller coaster?
Quote: billryanA friend whose opinion I value on stocks thinks the Dow will reach 70,000 by the end of the year. I bet him a steak dinner it doesn't end above 60,000.
Are we on a rocket ship or a roller coaster?
link to original post
I’d be with you. 60k is up another 21%. You should offer him 5-1 on under 70k. If by some chance you lose your portfolio would be up so much the 5 steak dinners would be no big deal to pay for!
What am I missing?
If it gives 1% per month, the first 100 payments are tax-free. After your entire investment is returned, additional payments should get taxed as capital gains. Most REITs pay a mixture of dividends and returns of capital.
Quote: billryanIf it is paying a monthly "dividend", chances are it is giving you a return of capital. It sounds like a REIT. Those are eligible for special tax treatment, although most people just treat it as a dividend and pay regular income tax on it.
If it gives 1% per month, the first 100 payments are tax-free. After your entire investment is returned, additional payments should get taxed as capital gains. Most REITs pay a mixture of dividends and returns of capital.
link to original post
I understand the concept. But if it was actually paying a ‘return of capital’ its share price would tend to go down over time. As mentioned, it’s way up from my initial purchase. It pays around .4% a month, so nothing theoretically unattainable. But it’s earning for quite a while have been around .2% a month.
I have some private equity REITs that work exactly as you say. But they are designed to end after a fixed time, like 3-5 years. ‘O’ has been around for 60 years.
When you get your 1099, look to see if the taxes are for dividends and capital gains, or if a portion was for a return of capital.
Most, but not all, REITs have three tax sections, whereas a regular stock has only two. It's all in the bookkeeping.
it's not a new story but it's fun to look back on it -
the claim, that has been proven that randomly picking stocks will often outperform (average) professional money managers
and the amusing claims that dart throwing, monkeys and cats often outperform professional money managers
"AI Overview
Yes, studies and experiments often show that randomly picking stocks can outperform many actively managed mutual funds, largely because professional managers struggle to beat the market consistently after fees, with luck playing a significant role, though individual random picks face higher risk than diversified funds. While some managers do well, the general trend shows average funds underperform benchmarks, suggesting even a monkey with darts can often do as well, or better, than paid experts over time.
Why Randomness Can Win
The "Monkey Effect": The concept that a non-expert, like a monkey throwing darts at stock listings, can achieve similar results to professional stock pickers is a common demonstration of how hard it is to beat the market.
Market Efficiency: In efficient markets, all available information is already priced into stocks, making it difficult for active managers to find undervalued gems consistently.
Fees and Costs: Active funds charge higher fees (expense ratios), which significantly drag down returns, making it harder for them to beat passive index funds or random picks after costs.
Luck vs. Skill: It's hard to tell if a manager's success is due to skill or just luck, and over time, luck tends to even out, exposing a lack of true skill.
Evidence & Examples
Stossel's Darts: John Stossel famously used dart-throwing to select stocks, often outperforming professional picks.
Cat vs. Investors: A cat named Orlando beat investment managers in a stock-picking challenge by choosing stocks randomly.
Research Findings: Studies show that random selection of company weights for indices often performs better than market-cap weighting, and random portfolios can outperform actively managed funds. "
https://www.rock-wealth.co.uk/monkeys-beat-money-managers-at-selling-stocks/#:~:text=Assets%20with%20extreme%20returns%20are,the%20heart%20of%20Cheltenham%2C%20Cotswolds.
https://www.npr.org/sections/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge#:~:text=toggle%20caption,if%20everybody%20were%20picking%20randomly.
.
Quote: billryanFeel free to invest your life savings on the picks of a few monkees. i'm sure it will work out well.
link to original post
I don't do that- but -
are you sure your picks will beat those of monkeys (which you were unable to spell correctly) -?
I tend to doubt it
but I think you have a good chance of matching their performance_____________:)
.
Quote: billryanFeel free to invest your life savings on the picks of a few monkees. i'm sure it will work out well.
link to original post
I’ve basically done that. I have far exceeded my cohorts that used professional money managers. Let’s say 30 years ago I started with $1,000,000. And paid an ‘expert’ 1% a year. If I’ve just had modest, not good, growth, and it’s $4,000,000. So average $2.5 million. That’s around $750k in fees! So it was EASY for me to beat the ‘experts’. I’m starting with an extra $750k. And of course, I did way better than that, as the ‘experts’ ‘diversified’ my friends accounts with bonds and, gulp, cash!
So, to me, NO QUESTION that the average monkey or cat tossing darts or scratching outperforms most money managers.
I’m not sure it ‘will work out well’. I’m sure it did ‘work out well’!
great post above from Soopoo
it's the same thing with sports picks
if you follow those that make picks it's obvious that their analysis is very sharp
but the vast majority cannot win in the long run no matter how much knowledge they have
it's a human thing - humans have large egos
humans believe they can do things when in reality they can't
but at least in stock picking because of the general long term upward trend of the market a great many will profit (unlike betting sports) even if they can't match the performance of the most common benchmarks
from the link:
"Less than 3% of regular sports bettors report profits over six months. Between 78% and 85% lose money when counting all bets placed in a year. The remaining bettors break even or win small amounts that disappear with continued play. Professional bettors represent less than 1% of all active accounts."
https://www.uwire.com/2025/09/25/professional-sports-betting-the-truth-about-earning-a-living-betting-on-sports-2/#:~:text=Less%20than%203%25%20of%20regular,1%25%20of%20all%20active%20accounts.
.
.
Quote: SOOPOOQuote: billryanFeel free to invest your life savings on the picks of a few monkees. i'm sure it will work out well.
link to original post
I’ve basically done that. I have far exceeded my cohorts that used professional money managers. Let’s say 30 years ago I started with $1,000,000. And paid an ‘expert’ 1% a year. If I’ve just had modest, not good, growth, and it’s $4,000,000. So average $2.5 million. That’s around $750k in fees! So it was EASY for me to beat the ‘experts’. I’m starting with an extra $750k. And of course, I did way better than that, as the ‘experts’ ‘diversified’ my friends accounts with bonds and, gulp, cash!
So, to me, NO QUESTION that the average monkey or cat tossing darts or scratching outperforms most money managers.
I’m not sure it ‘will work out well’. I’m sure it did ‘work out well’!
link to original post
You have no way of knowing what a professional would have done with your money. It appears much of your money is in tax-deferred accounts, and you will have a nice tax bill down the road. A professional could have shown you alternatives. You've done very well for yourself, but do you really believe you wouldn't have benefited from expert advice?
Quote: lilredrooster.
it's the same thing with sports picks
if you follow those that make picks it's obvious that their analysis is very sharp
but the vast majority cannot win in the long run no matter how much knowledge they have
That's a poor analogy.
People don't beat sports because a) most are recreational bettors and don't care that much and b) there's so much groupthink.
It is relatively trivial to beat sports over an extended period by getting the best available prices on bets with minimal vigorish. Your "experts" might know a lot about hoops or football or whatever but their knowledge is completely useless because it is factored into the price, they are playing the wrong game.
Something similar happens in stocks-if you look at the returns of people from less formal academic backgrounds but high intelligence they tend to outperform.
Investors will receive a portion of every dollar he makes in the MLB. To recoup the investment, he'll need to make something over five million dollars in MLB salary. It's a long shot, but should he blossom into a star and sign a long-term deal worth $30 million a year...
This is an unusual deal, as most similar deals are done via agents, and the players remain anonymous. I have a small piece of a pool of seven Venezuelan ballplayers. The individual players aren't identified, but once they make the pros and money flows into the pool, you get an idea of who the players are.
The average low-level minor leaguer receives less than $10,000 as a signing bonus and makes $1200 a month for four to six months. Unless they choose to live in the minor league camp year-round, they have to pay their own trainers, coaches, and nutritionists.
Quote: billryanA Yankee pitching prospect is selling a portion of his MLB earnings. He is seeking $169,000, with minimum investments of $300.
Investors will receive a portion of every dollar he makes in the MLB. To recoup the investment, he'll need to make something over five million dollars in MLB salary. It's a long shot, but should he blossom into a star and sign a long-term deal worth $30 million a year...
This is an unusual deal, as most similar deals are done via agents, and the players remain anonymous. I have a small piece of a pool of seven Venezuelan ballplayers. The individual players aren't identified, but once they make the pros and money flows into the pool, you get an idea of who the players are.
The average low-level minor leaguer receives less than $10,000 as a signing bonus and makes $1200 a month for four to six months. Unless they choose to live in the minor league camp year-round, they have to pay their own trainers, coaches, and nutritionists.
link to original post
Fortunately when you're 18 all you need is a piece of floor to sleep on, a daily hamburger, and a good pair of shoes to train for your sport.
This is an interesting idea to invest directly in a player, never heard of it before. I'd feel a little funny about that though, as I know how much a minor leaguer struggles financially and here I am buying his soul.
I also think it might be hard to collect on, unless this was done very officially through a brokerage rather than just signing a contract with a minor league player. Sure you can make that deal when you're a lot bigger than he is, but 10 years later and he gets his $250M MLB contract, now he's a lot bigger than you are and he's going to be all "Me no understand. They tell me sign this but I not know what I signing" and you're going to have to fight his lawyers for the money.
the original book that documented the uninspiring performance of Wall Street Money Managers was published in 1973
yes, the book is quite old but I believe that his findings still apply today
what a great book it is/was:
"A Random Walk down Wall Street" by Burton Malkiel
from Wiki:
"A Random Walk Down Wall Street, written by Burton Gordon Malkiel, a Princeton University economist, is a book on the subject of stock markets which popularized the random walk hypothesis. Malkiel argues that asset prices typically exhibit signs of a random walk, and thus one cannot consistently outperform market averages. The book is frequently cited by those in favor of the efficient-market hypothesis.
Malkiel examines some popular investing techniques, including technical analysis and fundamental analysis, in light of academic research studies of these methods. Through detailed analysis, he notes significant flaws in both techniques, concluding that, for most investors, following these methods will produce inferior results compared to passive strategies.
Malkiel has a similar critique for methods of selecting actively managed mutual funds based upon past performances. He cites studies indicating that actively managed mutual funds vary greatly in their success rates over the long term, often underperforming in years following their successes, thereby regressing toward the mean. Malkiel suggests that given the distribution of fund performances, it is statistically unlikely that an average investor would happen to select those few mutual funds which will outperform their benchmark index over the long term.
After the twelfth edition, over 1.5 million copies had been sold,[1] with the thirteenth edition being released in 2023 to coincide with the fiftieth anniversary of the original release. "
.
My investments are through a company that is a division of one of the larger representation agencies, and I've yet to hear of any issues with collection. There are caps in place, and the money is a fraction of their salary. My first pool is five years old and has paid nothing.
The second is four years old, and I've gotten some of my money back as one player skyrocketed and is already in the pros. They don't make much until the player is eligible for arbitration. I have a third pool, but I won't buy any more until I recoup more of my investments.
I'd rank it slightly below buying a racehorse, as far as investments go. Or maybe a boat.
