Chapter 544 The New NBA Star 4
Chapter 544 The New NBA Star 4
"What happens is that I don't have to worry about the money I get from sponsors and the salary the Los Angeles Lakers team pays me."
"I will tell you one of my secrets because I trust you, the truth is that I have already won with investments at least 3 times than I have already won playing basketball."
"So when I received the sponsorship money and the money I already had, I decided to buy this house and I also bought a car, after all, I knew I had the financial means to do this and I was happy doing it."
Shaq and Kobe were very surprised to hear Jake saying this, Shaq did not expect this when he tried to help Jake saying about the money, he could imagine that Jake had decided to spend everything because he would earn more or because he made a lot of money as an actor and as an athlete.
But he didn't expect Jake to say that he had already made a lot more money by investing than playing basketball, of course, that could be normal because this was Jake's first year of NBA, but Shaq knew Jake had already won a few million dollars in sponsorship even before entering the NBA.
"I confess I didn't expect you to say that Jake, I didn't know you were a big investor as well as being a good basketball player, but as an investor, you know the importance of not spending money and investing to earn more."
"I know that, but as I said I already made a lot more money by investing, and I have more than 1 billion dollars invested in shares for the next year, in the future my investments can give me a few billion dollars."
"I told you that I make investments because I think I can help you invest to make a lot of money next year, I offered this to all my friends and few took the opportunity."
Kobe and Shaq were very surprised to hear Jake saying that he already had more than 1 billion dollars after investing, they knew that it was impossible for Jake to make so much money with sponsorship in the last few years, so he must have made investments and earned several times what he invested.
Even an NBA player wouldn't make $ 1 billion even if he made $ 30 million every year for a 20-year career, and it was almost impossible for even the best players to make that much money.
They tried to believe Jake because they thought he would have no reason to lie to them, after all, that would be something that would be revealed to the media in a few years anyway, as to the investment opportunity they both thought differently.
Kobe heard this and didn't believe Jake, he could believe that Jake was really telling the truth about the investment opportunity, but Kobe didn't believe it could be a really good opportunity.
Shaq didn't believe it either, but unlike Kobe, he also made investments, and even though he had lost money by trusting some investment companies he knew that the opportunity to win was great.
Shaq knew a little about the stock market and had already seen some people who earned several times the amount they invested and few people really lost everything, but like Kobe, he wasn't sure if Jake really knew such a good opportunity.
"I believe you can be really lucky in some of the investments you made, Jake, but I know how risky the stock market is if you managed to
"Say what you invested in or if a friend of yours really gained by investing in what you suggested."
"I know that you also understand investments and also invest, Shaq, so I will say that I invested in the last 7 years in the company Cisco, you should know how the shares of this company have appreciated."
As soon as Jake said that, Shaq was really surprised, whenever he saw the investment reports that his accountant and the investment company that handled his investments had a report on the Cisco company.
After all, this was one of the companies that shares have appreciated more than 500 percent in recent years, Shaq did not remember the exact values, he also remembered that many investors said that this company was too risky because the values of the shares were much more valued than the real value of the company.
Even so, if Jake really invested in this company in the last 7 years, then his investments appreciated several times, it showed that Jake really understood investments and was not lying.
"The only friend of mine who accepted my advice and decided to invest was Matthew Jackson, you must know his company Focus and Flash that currently makes the best digital cameras in the world."
"I am also a partner at Focus and Flash and helped him develop some products, he trusted me and invested 300 million dollars a few years ago and has already earned 8 times that amount and already has 2 billion and 200 million dollars in profit because of that investment."
"Another company that I also invested in was Amazon before the company did the IPO, so you should know how much I earned."
With Jake saying that Shaq and Kobe were impressed again, even Kobe, who had no investments, knew the company Amazon and Matthew's Focus and Flash which was the largest digital camera company in the world.
They both had digital cameras from Matthew's company because they wanted to take quality photos and videos of the family moments they had, thanks to Matthew's company the other big camera companies on the market were also developing products faster.
Shaq, who knew about investments, knew how the company Amazon valued several times after the company did the IPO, after hearing this it was difficult for Shaq not to believe that Jake understood well how to make the investments.
"I believe in you, Jake, what companies do you suggest I invest in now, Amazon?"
"Amazon is a company that is certainly worth it for you to invest, but only if you want to wait at least 15 years until your investment is worth it and you earn several times what you invested."
"We have to wait many years for computers and the internet to become more popular until a company like Amazon can show all its potential in online sales."
"That's why I said that I made investments to earn a few billion dollars in the future, I invested in other companies that will also show greater potential after 5 years at least."
Shaq heard this and trusted Jake much more than he seemed to have thought about it before giving this advice, Shaq also imagined that if the internet and computers became popular companies like Amazon would really be more valuable.
"I suggest that you invest in the Cisco company as I have been doing for the past few years, but this is very risky because I think that next year this company and many other companies will devalue a lot."
"You should know that companies like Cisco are a great investment opportunity because they are valuing very quickly, but the value of these companies is already several times the natural value that these companies should have."
Shaq and Kobe were confused to hear this, Jake was recommending a company so they could invest, but he was also saying that they could lose a lot of money if they didn't sell their shares on time.
"I will continue to invest in the Cisco company until next year and my friend Matthew also, I have an investment company that takes care of my investments and Matthew's investments."
"If you want, you can invest with my company and my company will sell the shares at the right time and you can earn at least 4 times the amount you invest and my company will keep 10% of the profit you get."
With Jake saying that the two finally understood what Jake was saying, he said that the Cisco company was a risky company so they could invest and they could gain a lot from it.
But only if they invest with Jake's company can they safely invest and have to give 10 percent of the profits to Jake's company and earn 4 times what they invest.
Kobe thought that Jake talked about the investment just so they could invest with his company and thus earn more money, so Kobe lost interest in the investment that Jake was talking about even though he now believed in him.
Shaq thought differently, even if they were friends it was normal for a quality investment firm to charge a fee to take care of client investments, and Jake said they would only charge 10 percent of the profits, which meant that Jake was confident that Shaq would have many profits.
When Jake said that he owned a company and that his company was charging for the investments, Shaq was even more confident that Jake's investment offer was really real that he could really gain from it.
"Are you really confident that I can earn 4 times the money I invested in your company until next year?"
"Yes, Shaq, I said that I only offer this to my closest friends and that is why in my company only Matthew and I have investments, if you want I will guarantee that you can win next year."
"Okay, I will trust you and I will invest 10 million dollars with your investment company, if I win 4 times that investment I will be happy."
Jake was happy to see that he would help another friend of his and that Shaq had trusted him, in fact, Jake was confident that Shaq could earn more than 4 times the amount he invested by 2000, so Shaq would earn more than 40 million dollars.