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[QUOTE="manleyzoo, post: 1007464, member: 519"]
Really? $1M invested yields a 10 percent return nowadays, if diversified properly? Really? You in with Madoff's buddies? Standard equity and fund returns are much more like 6 - 8 percent at best. First of all, investing $1M is chicken feed these days for leverage--many of the high-yielding funds have minimums of 1/4 to 1/2 of that for starters, so you're $1M ante-stake isn't taking you very far. Secondly, buying a money manager of any quality requires a far larger opening stake than $1M. Thirdly, based on a long line of NBA rookies and veterans that came before Ennis, most fritter the money away in no time. How many Magic's does the league produce--guys that turn their pro careers into something enterprising afterwards? Hardly any. And, there aren't too many rookies out there socking the money away as has MCW. As for Ennis' lifetime earnings, if he's miscalculated his worth to the NBA--like many other one-and-done's have--then his first contract will constitute the majority of his earnings, unless he goes back to school and earns a degree. It takes a long time making 40 large a year coaching basketball to accumulate $1M.
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