Monday, July 14, 2008

The Choice of the Slave

Poor Cristiano Ronaldo. He may be a talented footballer but according to Sepp Blatter, head honcho of FIFA, he is a modern day slave. According to Pelé and many others, he is not.

Ronaldo has a reputation for being a bit flash with the cash, for not investing wisely. But the winger is reputed to earn about £120K per week. If he doesn't spend it or give it away, if he did want to keep it all secure while setting up the Cristiano Ronaldo Home for Retired Footballers, where would he put it?

He could put it into the bank, but maybe no bank is safe now. Even if the government stepped in to bail out the bank, it would only compensate about three days of work for him. So that's barely any use at all.

He could invest in property. But our friends Fanny and Freddy suggest that the property market could be set for a serious crash.

He could buy gold and diamonds. But they would need to be insured. And if banks collapse, then surely insurance companies would follow?

He could invest in the stock market. But that isn't doing very well either, and it's hardly a safe investment anyway.

So where should poor Ronaldo invest his earnings?


Ann said...

Poor bloke. What a dilemma. I'd be happy to help out and take the money off his hands.

Anonymous said...

All the money in the world can't buy integrity or class.

R N B said...

But the question remains, if he does not donate the money, where should he keep it?

Anonymous said...

He can do a Lewis Hamilton...move to Switzerland and open up a bank account there.

Faisal said...

he should invest it in safe mutual funds, bond issues, stocks, and real estate with passive income. a small portion of it can go to riskier ventures, but only if he is genuinely interested in the venture--enough to be involved directly.

R N B said...

Good ideas. I think classic cars. Or to be more generic, expensive heritage supply-limited items.

The super-rich (those who control land and energy) are getting super-richer. They can buy any number of "new" gadgets, but the supply of real and natural history is strictly limited.

Faisal said...

yes, but collectibles can go in and out of fashion, gaining or losing value, and they are tangible things that need to be insured, preserved, maintained, etc. further, they are not always liquid.

better to have investments that yield cash flow (passive would be great), and with his income levels, he could afford to have a smaller yield that would still be (hugely) substantial.

chances are he will piss it all away though.