+
NEIMAN MARCUS
Neiman Marcus recently filed for bankruptcy, but Covid-19 wasn’t the sole reason so much as the accelerant. What killed Neiman? Here are a few points, hopefully this helps all the people who are interested in buying stocks when they dip by learning from the ones that don’t perform well. We have to study the failures as much as the winners. 1. The industry has been on a decline for a while. They call it "retail...
|
continue reading
+
DIVIDENDS VS CAPITAL GAINS
We discussed this in detail on my #KemetInstitute call about investing 101. Thanks to everyone for joining! We had 200 people on the call and over 50 who couldn’t get access because of capacity. So let’s break this important point down for everyone! ⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ There are only  TWO ways to make money from investing: 1) Dividends: Think of this like “dividing the ends” or sharing the profit. If profit is $10 and ten people...
|
continue reading
+
ACQUIRING SMALL BUSINESS
Hey folks, there are a lot of good businesses for sale out there from people retiring, looking to move, or relocate. Real estate is great, tech is amazing, stocks and bonds are necessary, but you can also create passive income by owning businesses that you don’t run! Take a look at athletes and entertainers, especially the most successful ones, and tell me if they are waiting for their financial advisors to help them grow their...
|
continue reading
+
Private Equity 101
What is private equity? Most of you know already, but just didn’t know the name for it. Private equity is ownership in “private” companies vs. public companies. You can buy public companies online using @robinhoodapp, or any other company I invested in (shameless plug) but you can’t buy shares in private companies that easily. You have to buy them directly from the business owner or other people who own the shares. Also most of these opportunities...
|
continue reading
+
David Robinson
One of the hardest things to do for retired athletes is to generate enough income after they retire that can cover their expenses so they don’t have to spend their savings. Why would someone with $10-20M at retirement have to worry about this? Because sticking it in bonds (the safest thing) will only generate 1-2%, or $100-200k. Most retired millionaires spend more than that, so they pick away at the principal. But more income from...
|
continue reading
+
Vinnie Johnson
Since we've all been watching the Jordan doc, I’ve been studying what guys from that era are up to. I recently told a very savvy athlete who’s a tech investor that,  yes he’s making money in tech (just made a great return in Draftkings) that in addition to cash flow from stocks/bonds, real estate, and capital gains from tech, he should look at buying small or medium size businesses. He could use his capital and...
|
continue reading
+
Grant Hill
I've had a lot of conversation during "The Rona" with athletes who are planning their next phases in life, and I want to share a few athletes who I think transitioned well.  In my opinion, @realgranthill is as respected as a businessman today as he is an NBA legend. In 2015, he became a co-owner of the Atlanta Hawks when his group bought the team for $850M. However, he was a private equity investor even before that. Grant started...
|
continue reading
+
Fast vs Slow
"It's not the big that eat the small, it's the fast that eat the slow." Ooo wee! Thanks, @albertsye for reiterating this one for me. Lance Collins, the beverage GOAT, says this all the time. He started Fuze, Body Armour and Core Water, sold two, and the third is worth billions. He keeps doing it using speed, agility and creativity to build businesses that the big beverage companies keep buying. Why? Because the fast eat the...
|
continue reading
+
Expert
"The most important thing you can do as a young person is to become an expert at something. To be skilled at whatever it is you are desirous of pursuing."  Robert F. Smith the GOAT said this quote, and I love it. I try to get all my young folks to become specialists at something. In fact, someone asked me how I pick mentees, and I actually believe it’s based on this. I see them...
|
continue reading
+
Progress
I’m from Chicago, but one thing I like about Golden State is watching their players win championships AND become great investors. The ownership group and environment in San Francisco promotes it from behind the scenes. At game, the family and friends lounge is filled with VCs! I see some professional sports franchises with terrible ownership, management and coaches, and despite great talent, they can’t seem to win. Likewise, I see smart, ambitious, high net worth...
|
continue reading