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Shannon Sharpe recalls bad financial advice about Google

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Shannon Sharpe believes he could be a member of the Billionaire Boys Club today if he hadn’t received bad financial advice a few years ago.

While talking about money and investing with business mogul and Dallas Mavericks owner Mark Cuban on his Sharpe platform told how he once considered investing in Google early on but decided against it after a financial advisor advised him against it.

“I remember when Google came out and they thought the stock was going to be around $85 a share,” Sharpe recalled. “I remember telling my financiers, ‘You know what, I just signed with the Ravens, I’ve got some money. Man, I would love to buy $300,000 worth of Google stock.”

Sharpe’s financial advisor thought Google’s stock was overvalued at $115 and convinced him to desert his investment. Thinking about it now, Sharpe realizes how much he could gain in the long term if he bought the stock at this price. Sharpe also spotted an early investment opportunity in Netflix that he missed.

“That s… there!” Sharpe shouted to Cuban. “With you I would be a billionaire!”

“You fucked up,” the Cuban laughed.

After a 14-season NFL profession and becoming a successful sportscaster and podcast host, Sharpe built net price of $14 million. He earned $22.3 million during his time within the NFL, which included a four-year, $13.8 million contract with the Baltimore Ravens in 2000 and a $16 million contract with the Denver Broncos in 2002.

After retiring, Sharpe was a sports commentator on CBS Sports, Fox Sports and ESPN. His latest commentary will be found from Stephen A. Smith. Sharpe also prepared cognac, who will be seen drinking on his platform, Le Portier Shay VSOP Cognac.

Considered top-of-the-line tight ends in NFL history, Sharpe ranks third in profession receptions, receiving yards and touchdowns for his position. In 2011, he was inducted into the Pro Football Hall of Fame.


This article was originally published on : www.blackenterprise.com

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