Stumbled on this earlier today after seeing someone on the blog comment with this in his signature. Read a little about it and decided to go at it...I don't really expect to make anything. But I think it could be fun to mess around with...kind of like fantasy sports. I'm not affiliated with the website, just thought some people here would find it interesting.
Anyway, here's the link. I'll copy/paste the explanation of the website below.
https://earnlikeapro.com/"The game is simple. Buy players’ stock. Sell players’ stock. Get paid.
Rather than take a risk with Tesla, take a risk with Tavon Austin. Buy low on Tianlang Guan and sell high on Tiger Woods. Redefine your list of blue chips to include Lebron James, Albert Pujols and Drew Brees.
We’ve created a market through which people can invest in athletes, watch players’ stock prices grow and sell players when their price peaks. #ELAP attaches real life value to the asset in the form of an annual dividend that parallels the athlete’s earnings. Additionally, assets earn bonus dividends for reaching specific performance measures.
Naturally, professional drafts are an #ELAP hotbed, with new players being introduced to a career that will earn them a fortune in a decade. For example, the 2013 NBA draft will bring in 60 new professional basketball players. In response, we’ve released some of the top NBA prospect IPO’s for investors to purchase.
In the traditional stock market, companies are worth their expected future earnings. In the #ELAP market, so are the athletes. You could have bought Anthony Bennett at $6.42 per share. When his basketball career takes off, Bennett owners will reap the benefits of holding a growing stock. As players earn more, so do their stockowners, and if Bennett performs on the court, his agent will perform in the GM’s office."
Continued>>>>>>>>>>>>>>>>>>>>>>>>
"An #ELAP Asset is worth 1/10,000,000th of a player’s future earnings plus award bonuses. For example, Kobe Bryant is guaranteed a $30,453,805 salary during the 2013-2014 season. Thus the owner of one Kobe #ELAP share is entitled to a $3.05 dividend at the conclusion of the season. Additionally, the owner of the share will receive a bonus dividend for any awards Kobe earns during the season, as well as as salary/awards earned beyond the 2013-2014 season. As of this writing, Kobe is trading at $4.31 per share. Since a $3.05 dividend is guaranteed based on Kobe’s 2013-2014 salary, he just needs to earn more than $12,600,000 in salary + awards for the remainder of his career to earn a profit on the trade."
"Investors do NOT have to hold an #ELAP asset for the duration of the athelte’s career to earn a profit on the investment. Let’s go back to the Kobe example. Say Kobe signs a 2yr/$20 million extension towards the end of the 2013-2104 season. Since the #ELAP Exchange is a liquid, reactive marketplace the price of a Kobe share would quickly go up to reflect his new earnings power. An investor could then sell the share and realize a quick gain on the investment. This is similar to a traditional stock reporting better than expected earnings and appreciating in price. ANY type of news/performance that affects the outlook of an asset’s future earnings potential will cause a price change on the #ELAP Exchange, and thus an opportunity to sell your asset at a profit."
"Like other brokerages, #ELAP charges a commission per trade. This commission is 5% of the trade or $5, whichever is less. On a $25 trade, commission is $1.25. On a $100 trade, commission is $5. For any trade over $100, commission is $5. Thus, for a $500 investment you are only paying 1% ($5) commission. #ELAPs business model does not seek to profit from investor’s purchasing overvalued assets. #ELAP hopes users invest wisely to further grow their portfolio."
I know that was way more than some people will probably read. And I am in no way affiliated with the website, I just thought it was cool and some people here might like it.
Topic: Make money on NBA players' contracts (Read 1564 times)