Sidney Lowe Talks about Tanking

[green]

I have zero credit card debt, no car payment, no student loans, and while my house is not paid for i could sell it for a decent amount more than i owe

You sir, are special. You are a shining example of a better way of life.

 

[green]

So now we know you're not a math or a business professor. What do you teach again? He's talking about the tax on the capital gain that is theoretically being used as income.

This

 

[fishonjazz]

You sir, are special. You are a shining example of a better way of life.

Lol.
Could use that corbin cash anywho though

 

[Getting Traded]

I know this has been discussed ad nauseam here, but I'd like to add the perspective of a fan who has followed the Jazz since they first moved to Salt Lake City. The Jazz were fortunate to have a great coach in Sloan as well as Stockton and Malone for so many years. I will admit to being spoiled by the consistency of the team, and despite coming up short in two finals, I always felt like there was a shot that the Jazz could make it again someday.

With the way free agency has changed, and the absolute fact that SLC is not exactly a thrilling prospect for a free agent, especially given our lack of a good coach or even a single all star caliber player. I find myself a bit conflicted about what the Jazz should do. I am vehemently against deliberate losing games, but I was completely on board with doing the unload during last off season to free up playing time for the young players. Unfortunately this has not played out at all like I expected. Marvin and RJ are getting way too many minutes, and my feeling is that if the Jazz rebooted to give the young players the opportunity to play, they should get a lot more minutes.

It's infuriating to hear RJ talk about chasing a ring and he still starts. He won't be here next year, not that he is wanted and yet gets way too many minutes. The Jazz now sit with the 8th worst record in the league, which will probably still result in a good player in this year's draft, but then what happens? Unless the Jazz get really lucky with their pick, it will be another rotation player and the team will be no closer to contending for anything other than perhaps an eighth seed.

I realize there are still a lot of games to play, but it is looking grim. If there is truly a disconnect between the coaching staff and front office, perhaps it is time to cut Corbin loose and appoint someone as an interim coach and put them on a rather short leash. Again, I don't want the Jazz to deliberately lose, but if they are going to win, I would like it to be with Kanter , Burks and Gobert getting a lot more minutes. There is something about seeing the Lakers and Celtics getting a better pick than the Jazz that really makes me ill.

Great post

 

[One Brow]

So now we know you're not a math or a business professor. What do you teach again? He's talking about the tax on the capital gain that is theoretically being used as income.

With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.

 

[One Brow]

This

That and the other thing. There are so many ways to make use of that amount of money, that pulling a number like $36K out of your rear has no meaning.

 

[green]

With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.

I did put down a 4% return, because at a mid-30's age, I would think you would want to be more conservative at the beginning to battle against inflation, ups and downs in the market, etc and not run out of money early. Plus, you mentioned "retirement age". His social security paid on a mid $30,000's will suck. He won't want to just live on SS. That's just me.

The point is, 1 million bucks isn't a lot of money anymore.

 

[candrew]

I'm sure Sidney would be thrilled that a thread about a basketball interview with him somehow morphed into a discussion about taxes and money management.

 

[Stifle Tower]

I'm sure Sidney would be thrilled that a thread about a basketball interview with him somehow morphed into a discussion about taxes and money management.

Is it possible to avoid those taxes?

 

[Joe Bagadonuts]

With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.

This would be an awesome strategy if the goal were to get to retirement broke.

 

[One Brow]

This would be an awesome strategy if the goal were to get to retirement broke.

It's not much worse than investing at a low rate when you're young, and watching your investment get decimated by inflation.

Really, if you're gong to bicker with me, why choose this topic?

 

[Joe Bagadonuts]

What would you rather bicker about? You've done a masterful job of proving that finance is not your strong suit.