Ha! Oh my god, right?
I would treat it like my on fantasy football team!
Oregon has been killing it in recruiting
- Thread starter HBK4life
- Start date
I would treat it like my on fantasy football team!
I'm not advocating the position. You asked why some would think a certain way and I gave you a reason.
The competition is cutthroat among the top 15-20 schools. This is just another facet.
Mod team is so brave and stunning.
I think you misread my post. Yes, what you described would lead to the jumping around. BUT if you had some stipulations (you can get paid, but if you transfer you have to sit out or you can only transfer once or whatever OR there's a retention bonus of some sort) then that could potentially stop all of the transferring.
So to me, it's not so much of players getting paid that causes all of the transferring, it's that there are zero consequences if you do decide to transfer often.
True. I suppose a hidden benefit to all of this is that on a smaller scale, it helps the local economy. Gets money back in circulation, sales tax gets paid.
Believe it or not, i never did waste money when I was a kid. In 1971, when I enlisted in the USAF at age 17 the monthly pay was $ 288.00 and I sent $ 150.00 a month to my mom to make sure she had a place to live and food to eat.
Less than 18 months later I still managed to buy a 1969 Dodge Charger for $1,500.00 cash.
Different era, different economy.
As a side note, as a 6th grader when school got out at 3:30 I would jog 15 blocks downtown and worked at a restaurant washing dishes, peeling potatoes, making hamburger patties, etc and got off at 10:30 every night. Then I zigzagged through the alleys to where ever we were living that month so I didn't get picked up for curfew.
For my 30 hours of work I got a check for $ 12.50. And I always had money.
We weren't all brought up with a mom/dad three squares with a white picket fence.
The next year, at age 12, I started studying horses since I knew that would be a way to eventually make a lot of money. I've never looked back. Money meant freedom.
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I thought you got that vay cay for threatening to beat the brakes off some dude in a HyVee parking lot.......
Nope. But @scopeandtime tried to get me to some place called the Blue Oyster bar.😒I thought you got that vay cay for threatening to beat the brakes off some dude in a HyVee parking lot.......
I remember how Steinie went off the rails after following Scope's advice to sell everything and buy stock in Pamida. Not pretty!
Where is old steinek? Did the @Bobfather finally snuff him out?
Hate it. I hate it when do it. I hate it when other programs do it. It's destroying my love for college football. Finding it hard to get overly excited about the season and I sure don't care about the players since half the team will be somewhere else next season.
I think you misread my post. Yes, what you described would lead to the jumping around. BUT if you had some stipulations (you can get paid, but if you transfer you have to sit out or you can only transfer once or whatever OR there's a retention bonus of some sort) then that could potentially stop all of the transferring.
So to me, it's not so much of players getting paid that causes all of the transferring, it's that there are zero consequences if you do decide to transfer often.
I don't think kids getting paid is the issue. Its that kids jump around much more often & there are mega-conferences.
Well, to be fair, you didn't say that in the original post. It is a kind of after the fact idea as the NCAA is allowing anything and everything. All it would take is one player to sue saying he/she was not allowed to make more NIL money because some school offered him/her more money and the NCAA had rules against that. The courts are going to say, yep, everyone is a free agent until we overhaul the system and pay everyone a salary and you all become employees. But for now, the window is wide open to the highest bidder and that doesn't end with their freshman year. Money will always be the driver of the machine. Especially for 18 year old kids.
So to me, it's not so much of players getting paid that causes all of the transferring, it's that there are zero consequences if you do decide to transfer often.
I don't think kids getting paid is the issue. Its that kids jump around much more often & there are mega-conferences.
Well, to be fair, you didn't say that in the original post. It is a kind of after the fact idea as the NCAA is allowing anything and everything. All it would take is one player to sue saying he/she was not allowed to make more NIL money because some school offered him/her more money and the NCAA had rules against that. The courts are going to say, yep, everyone is a free agent until we overhaul the system and pay everyone a salary and you all become employees. But for now, the window is wide open to the highest bidder and that doesn't end with their freshman year. Money will always be the driver of the machine. Especially for 18 year old kids.
He's got the green right now. Been dumping stocks left and right.
All the big money guys are dumping stocks bigtime.
Historically when the market is going up, gold goes down, but that is not the case.
Was just moved from a Tier 1 asset to what is called a HQLA, i.e. High Quality Liquid Asset.
Do you ever wonder why the Federal Reserve and all Central Banks around the world have a ledger line on their Balance Sheet called "Gold Revaluation"??
At some point the 401K's are going to be 101K's. For the umpteenth time, the money you have in the bank does not belong to you.
Unfortunately, people are going to have to learn the hard way.
Functional people look dysfuctional to dysfunctional people...
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Treasury bond market is screaming a major bull steepening which means a nasty recession is on our doorstep. Everything bubble is gonna pop.
What about money in the bank under 250k? Is that still yours or can a bank bail -in those funds as well?
I would love to give you a "like" Tampa but that would mean I'm rooting for people to lose money, and that's not what I want to see happen.
When the BRICS + countries meet in September and October, it's gonna be time for a reckoning.
Hell, right now Japan isn't even buying the US debt, only Great Britain is and they are more broke than the USA. The whole financial world is broke.
This country's physical gold and silver is being cleaned out of both the COMEX and the LBMA. The gold gets shipped to the Shanghai Exchange and then trucked to the PBOC. A giant hedge fund in China is buying gold until the last ounce is gone from the major exchanges.
What's gonna happen when China shows their 40,000 tons of gold and Russia's 25,000 tons of gold. Then they tell the USA, show us your 8,000 tons. Gold is going to be revalued to the moon.
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With all due respect, do you have any idea how much money the FDIC has to bail out accounts?
They only have $ 125B in reserves. At <250 K a pop, that gets gobbled up in a day.
In a huge city like Los Angeles there are probably 100,000 people that have over 250K in the bank, that's $25 Billion right there.
Yellen already said they will only bail out the big banks, the rest are gonna be SOL. Banks will just issue people some worthless bank stocks, where you're at the bottom as an unsecured lender.
The ultimate plan is for all regional and small banks to go belly up leaving us citizens with about 6 mega banks. That's been the intent since 1913.
Read the Dodd-Frank Banking Bill of 2010. It can't be any more clear what will happen.
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Technically Tampa, legally the money in the bank belongs to the bank, those depositors are nothing more than unsecured lender.
China and other countries are drawing down their US debt. So many major players are doing nothing now but wiping out the physical assets this country still has, albeit, those assets are being reduced every week.
As you know, there is no more petro dollar. Other counries can buy Saudi oil in exchange for things of real value. China has virtually all the rare earth minerals. India is buying huge amounts of physical silver and that makes large US institution like JP Morgan with the biggest silver short in the history of history.
More than likely we are just gonna have a credit crisis and that's gonna be ballgame.
Where does the University of Oregon stand in terms of gold, silver, other rare minerals, and debt?
I'm not exactly sure how to answer this smart ass question, but I'll try.
I responded to HBK's link to X that indicated Buffett is unloading a ton of stocks. Then Tampa joined in, and we've had a few posts.
I guess in the overall scheme of things, the University of Oregon's football program will affect more people than a collapsing economy.
I don't think I'm the first guy to go off topic in a thread spurred on by another poster who made a comment.
Do I give a fvck what happens with the Oregon football team? Not really. But, I do give a fvck what's happening to this country.
Peace out.
I’m not rooting for anything (although I would love to see home prices come back to reality!
Brics countries have a lot of their own issues going on so not sure any countries worth a damn would want their crappy currency.
Tampa - with the information about Buffett and some of the concerns with a recession coming, don’t pull out and go into cash or do stay on and ride it down and then back up again?
I suppose the people continually calling for a stock market collapse will eventually be right. Then they will act like some kind of genius even though they were wrong for 3+ years.
the market has crashed twice recently - 2020 and 2022- both had very quick recoveries. I don’t this one will have a quick recovery
I’m heavy in cash as I’m hoping to buy some assets on the cheap.
Of course I’m not touching my 401k contribution and will continue to max it out. If the s&p plummets 30%+ then I’ll get a discount on some great stocks that will be worth much more in ten years. Now if you’re looking to retire soon you may want to adjust your holdings.
I’m not a financial advisor, just a guy that sees an extremely overvalued market with an unemployment rate that has skyrocketed up 23% in a year.
Unlike the USD which is backed with a printing press, the BRICS + "unit" will be backed by a mix of 40% gold, oil, and commodities. You know, real stuff.
Tampa, certainly not telling you what to do, but if you own stocks (or think you do) you need to get the actual stock certificate in your possession. There's a process you can use to get the actual physical stock certificate.
If you work with a broker/brokerage company its likely "your" stocks are in their street account.
I put my 401k in cash at the start of covid but I couldn't handle the stress of worrying if I was going to time my re-entry correctly. I ended up making some money but I had trouble sleeping at night and I never have trouble sleeping.
Nothing to get excited about. A smart ass question deserves a smart ass reply. Its all good.
When did you pull into cash if you don’t mind me asking? Have you been able to ride the most recent wave up?
I tend to hold it, and not time the market, knowing in general I will keep pouring into it each check and during bonus time. I’ll ride it if it goes down and will buy as much as I can while it’s on sale. And ride it back up. Other than the big one it is basically fully recovered within 2-3 years, and I’m at least 10-15 years from retirement.
Goal then is to stay aggressive and have enough to weather the storms. Don’t want to have my largest sum ever at retirement parked in cash.
We will see how it plays out. 😁
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