, which is publicly traded and has done quite well for her portfolio. Its shares are up 30% over the last 12 months and 57.3% since E.V. invested about two years ago, he said.
"That's a pretty good return on investment," said Bonner, who retired from the NBA in 2017 and now works as a sports analyst on the San Antonio Spurs TV Broadcast."If she gets money for her birthday, she wants me to put it in her account to buy more stocks," Bonner said. "I think future value of money is such an important concept that people don't understand. If you invest your money, what it's worth 20 years from now is way more than what it is now.
Bonner credits his investing acumen to his sixth-grade teacher, who gave students $10,000 in fake money to invest in the stock market. His class in Concord, New Hampshire, tracked their investments over the course of a year. Whoever made the most money received a trophy. She instilled discipline by prohibiting students from trading more than once a month, he said.before it was anchoring shopping malls across the country.
He said he invests "relatively nominal amounts" in his E-Trade account but declined to say what was a nominal investment for a professional athlete who earned more than $30 million over his career. "It's more for like, competitive juices to try to see if I could do it," he said.
Fantastic stuff. Smart guy.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »