Felix Trinidad Reportedly Broke- Adviser Squandered $63 million

Discussion in 'General Boxing Discussion' started by Erratic, Apr 11, 2014.

  1. Erratic

    Erratic "Twinkle Toes" McJack

    Joined:
    Aug 14, 2003
    Messages:
    8,909
    Likes Received:
    806
    Occupation:
    Professional Bum
    Home Page:
    http://ringtv.craveonline.com/news/...rtedly-broke-after-aide-squandered-63-million


     
  2. ILLUMINATI

    ILLUMINATI Roberto Duran

    Joined:
    Nov 29, 2002
    Messages:
    32,878
    Likes Received:
    1,138
    Comebackkkkkkkkkkkkkkkkkkkkk...
     
  3. Xplosive

    Xplosive X-MOD Bad Motherfucker

    Joined:
    Jan 23, 2003
    Messages:
    53,795
    Likes Received:
    12,119
    Location:
    Your girl's crib
    I'm sure after finding out, he hit Ramos square in the nuts.

    It doesn't seem like former Puelto Lican greats end up in good shape, whether physically of financially.
     
  4. Fighter

    Fighter Undisputed Champion

    Joined:
    Dec 4, 2002
    Messages:
    2,792
    Likes Received:
    0
    How many punches did Pepe Ramos take in Trinidad's career?
     
  5. cdogg187

    cdogg187 GLADYS

    Joined:
    Dec 3, 2002
    Messages:
    90,394
    Likes Received:
    4,376
    Occupation:
    SUCK MY BALLS!!
    Location:
    Beyond The Pale
    The guy cruelly held the money out in his left hand while moving laterally in a subtle manner ... Tito never had a chance
     
  6. whiskey

    whiskey Czarcasm

    Joined:
    Nov 28, 2002
    Messages:
    46,740
    Likes Received:
    4,850
    Yep.

    But he'll still claim it's not about the money. "I still have burning passion to fight" :rolleyes::lol:
     
  7. Xplosive

    Xplosive X-MOD Bad Motherfucker

    Joined:
    Jan 23, 2003
    Messages:
    53,795
    Likes Received:
    12,119
    Location:
    Your girl's crib
    Of course he didn't. He couldn't fight a lick.
     
  8. Fighter

    Fighter Undisputed Champion

    Joined:
    Dec 4, 2002
    Messages:
    2,792
    Likes Received:
    0
    Subtle movements always bothered Tito but especially those coming from people supposed to be working in his corner...
     
  9. Neil

    Neil ABJECT COWARD

    Joined:
    Jan 3, 2006
    Messages:
    35,505
    Likes Received:
    3,521
    Occupation:
    The Cal Ripken of Alcoholism
    That Sucks. Always thought he was ok financially. You fight your whole career with Don king and manage to escape with 80 mill only for some other asshole to fuck u
     
  10. Hut*Hut

    Hut*Hut The Mackintosh of temazepam

    Joined:
    May 17, 2005
    Messages:
    68,268
    Likes Received:
    5,507
    Occupation:
    Involved in hyperbole
    Location:
    Interzone
    How the fuck do you lose $63m on government bonds?
     
  11. cdogg187

    cdogg187 GLADYS

    Joined:
    Dec 3, 2002
    Messages:
    90,394
    Likes Received:
    4,376
    Occupation:
    SUCK MY BALLS!!
    Location:
    Beyond The Pale
    you need to cool off, motherfucker
     
  12. Hut*Hut

    Hut*Hut The Mackintosh of temazepam

    Joined:
    May 17, 2005
    Messages:
    68,268
    Likes Received:
    5,507
    Occupation:
    Involved in hyperbole
    Location:
    Interzone
    :lol::lol:
     
  13. mexican wedding shirt

    mexican wedding shirt The Greatest of Are Times

    Joined:
    Jan 18, 2003
    Messages:
    28,647
    Likes Received:
    283
    Agreed. I'm no Tito fan, but it's fucking horrible for any fighter to be skanked of pretty much all their earnings. Jesus.

    I'd probably feel sorry for even Khan in that scenario. Maybe. A bit. Not Broner though, he's the one exception I can think of.
     
  14. TexMex

    TexMex Fightbeat IQ Champ

    Joined:
    Mar 28, 2003
    Messages:
    2,643
    Likes Received:
    177
    Location:
    Houston Tx
    He's going to have move back to his old neighborhood and fight Tommy Morrison in the street. His son will start wearing an earring.
     
  15. mikE

    mikE "Twinkle Toes" McJack

    Joined:
    Jul 20, 2004
    Messages:
    8,335
    Likes Received:
    67
    As this reads, it's not really clear if this is the advisor's fault. Recently downgraded to junk bond status means they probably were a higher status at the time of the investments. If these had been highest grade at the time they were bought, the advisor still fucked up by not diversifying better, but it's a different kind of fuck up than investing in junk in the first place.

    This really sucks, if true.
     
  16. Hanz

    Hanz Roberto Duran

    Joined:
    Jun 21, 2004
    Messages:
    33,385
    Likes Received:
    439
    Trinidad should've just put it all in a savings account. At least all the money would still be there for him into old age :cheers:
     
  17. Hanz

    Hanz Roberto Duran

    Joined:
    Jun 21, 2004
    Messages:
    33,385
    Likes Received:
    439
    Or put the money in his chest and drawers like Floyd does.
     
  18. Xplosive

    Xplosive X-MOD Bad Motherfucker

    Joined:
    Jan 23, 2003
    Messages:
    53,795
    Likes Received:
    12,119
    Location:
    Your girl's crib
    Fixed.
     
  19. REEDsART

    REEDsART MATCHMAKER

    Joined:
    Jun 15, 2003
    Messages:
    56,983
    Likes Received:
    3,929
    Location:
    CURTIS COKES' Birthplace...
    SAD News...

    Tito will ALWAYS Be Taken Care of In Puerto Rico, but Still, Dude SHOULDN'T Have to Live Off his Popularity in his Homeland...Nobody EARNS their Money to the Degree a Professional FIGHTER Does...As OFTEN As it Happens, it's Still TRAGIC Whenever a Fighter Goes Broke...




    REED:doh:
     
  20. Bricklayer70

    Bricklayer70 Scrub

    Joined:
    Feb 25, 2014
    Messages:
    56
    Likes Received:
    0
    Occupation:
    ARTIST
    Location:
    PERU
    I ALREADY SAID THAT! LOL!
     
  21. ILLUMINATI

    ILLUMINATI Roberto Duran

    Joined:
    Nov 29, 2002
    Messages:
    32,878
    Likes Received:
    1,138
    I got a shape up today....and did my eyebrows in his honor........Viva puerto ricoooo....TITO...TITO...TITO....
     
  22. whiskey

    whiskey Czarcasm

    Joined:
    Nov 28, 2002
    Messages:
    46,740
    Likes Received:
    4,850
    Do you have any work around the house Tito could do so he could pick up a few dollars here and there?
     
  23. Irish

    Irish Yuge, Beautiful

    Joined:
    Nov 28, 2002
    Messages:
    102,226
    Likes Received:
    7,318
    Location:
    In The Trenches With My Boy Sepp
    Home Page:
    :lol: :lol: :lol:

    Fucking moron.
     
  24. Fighter

    Fighter Undisputed Champion

    Joined:
    Dec 4, 2002
    Messages:
    2,792
    Likes Received:
    0
    Government bonds provide an income stream but you still have to monitor the creditworthiness of the issuer so you avoid capital losses. Puerto Rico is in serious credit trouble, meaning in order to keep borrowing yields go through the roof(remember Greece?) and face value of existing bonds plunge.
     
  25. loadedgloves

    loadedgloves "Twinkle Toes" McJack

    Joined:
    Dec 30, 2010
    Messages:
    6,945
    Likes Received:
    0
    :lol:

    sad, though. that adviser has to be retarded. $63m in junk bonds? wtf.
     
  26. dsimon3387

    dsimon3387 WBC Silver Diamond Emeritus Champ

    Joined:
    May 23, 2005
    Messages:
    11,547
    Likes Received:
    1
    pivot pivot!!!
     
  27. dsimon3387

    dsimon3387 WBC Silver Diamond Emeritus Champ

    Joined:
    May 23, 2005
    Messages:
    11,547
    Likes Received:
    1
    Exactly. He prolly laddered the bonds. Inflation is a bitch and the problem with bonds is that in addition to a downgrade one has to always worry about inflation
     
  28. dsimon3387

    dsimon3387 WBC Silver Diamond Emeritus Champ

    Joined:
    May 23, 2005
    Messages:
    11,547
    Likes Received:
    1
    Hanzy when you put that kind of money in a savings account inflation eats it alive. To at least keep up with inflation you have to earn way more than the interest on an bank account or a CD.

    Tito should have spent the money on dancing girls and beer. At least then he could say like Sugar R Robinson that he lived it up.
     
  29. Irish

    Irish Yuge, Beautiful

    Joined:
    Nov 28, 2002
    Messages:
    102,226
    Likes Received:
    7,318
    Location:
    In The Trenches With My Boy Sepp
    Home Page:
    Explain this to me please.......{personally, I would diversify the investment}
     
  30. mikE

    mikE "Twinkle Toes" McJack

    Joined:
    Jul 20, 2004
    Messages:
    8,335
    Likes Received:
    67
    Inflation had absolutely nothing to do with this.
     

Share This Page