Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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I was very interested to read in a recent interview of Lance Armstrong who is advising that despite the fact he was once worth over $100 million that he had run into financial troubles with all the legal cases, over doping and his cycling career that he was fighting. Of course, he is that author of his own misfortune and he cannot blame anybody for that, but he got very lucky with one investment.
About 10 years ago he invested $100,000 into an investment company and he had no idea what that company invested his money in. He is quite excited now, with talk of Uber listing later this year (and Lyft also), to discover that the investment company invested his $100,000 into Uber! Believe it or not, but the estimated listing price of his shares is now, 10 years later, worth $20 million! In other words, he has multiplied the money invested by 200 times! I cannot imagine that most people would imagine that the universe works that way, but of all the people in the world, Lance Armstrong gets the investment that multiplies 200 times in 10 years, but there you have it!
Posted by Michael de Broglio on Thursday 17-Jan-19
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Comments
candice said:
on Thursday 28-Feb-19 04:35 PM
Wow!! thats was a great investment and we all have seen how uber and Taxify has taken off so it was a very good investment on his part .
Ashleigh said:
on Friday 15-Feb-19 04:58 PM
Very Lucky. Some people have luck and some don't. Good for Lance.
Prishani said:
on Wednesday 06-Feb-19 02:04 PM
Apart from all the scandal that surrounds him, he probably had a really good financial advisor and if it was just luck his undoubtedly enjoying every second of it! Unfortunately not all of us can be this lucky with investments! It’s a huge risk to take!
Sinead said:
on Tuesday 05-Feb-19 12:39 PM
It's a huge gamble and he is lucky he's outcome was income!
I'm still so scared to put any money into anything. It's not everyday that it turns out to be so positive.
If you never try, you will never know....
Cornelie said:
on Tuesday 05-Feb-19 12:25 PM
imagine that type of luck it could have gone a other way aswell where he could have end up with nothing. lucky I would say.
Tersia said:
on Tuesday 05-Feb-19 07:46 AM
WOW! That's luck for you!! He can be very lucky and grateful. Hopefully he will do some good with that money.
Liz said:
on Monday 04-Feb-19 05:13 PM
A very lucky man indeed, after what transpired one would have thought that things would just go down hill for him, however, he seems to have luck on his side.
Daniella said:
on Monday 04-Feb-19 09:38 AM
That's amazing! its always so risky investing your money however this risk was clearly one to take
Shristi said:
on Sunday 03-Feb-19 04:53 PM
The universe works in mysterious ways...An investment that multiplies 200 times in 10 years that is undoubtedly pure luck. Well done to him!
Tamaryn said:
on Friday 01-Feb-19 02:12 PM
I do believe in luck and synchronicity and it would appear that Lance certainly has the stars aligns in his favor.
Zindy said:
on Thursday 31-Jan-19 09:15 AM
Well done to the company that invested in Uber on his behalf. Sometimes is better going through a reputable company to handle this for you who has a better knowledge and more experience as they have a broader understanding on what may and not work in the long run. Yes he may be smiling today but he was prepared to loose it in the event it did not pan out so you must be willing to lay down some money to make money and nowadays not many people want to take the risk.
Henrietta said:
on Friday 25-Jan-19 04:06 PM
WOW he must've be so happy that he invested that money and the investment company took a gamble and look what it got him. AMAZING
Melissa said:
on Friday 25-Jan-19 01:27 PM
It just shows you again that a person has to take gambling chances in life to get somewhere!
Lucretia said:
on Friday 25-Jan-19 08:35 AM
I was always a huge fan of Lance Armstrong until he fell from grace. I now wish I was a fan of his investment company :-) Wow, 200 times in 10 years what a way to go. From Riches to Rags to Riches.................
Natasha said:
on Friday 25-Jan-19 08:22 AM
He was very lucky,its a very risky game to play.Wish I knew more about investing but it is very tricky and risky but he got it lucky.
Helen said:
on Friday 25-Jan-19 08:09 AM
I would say that Lance Armstrong is very lucky, after so many problems he had with his carrier he managed to hit the jackpot!
Armstrong said he was not aware that he was investing in Uber, which at the time was worth $3.7 million, and now Uber could be valued at $120 billion!
Thabitha said:
on Thursday 24-Jan-19 09:55 AM
He was lucky he invested and forget about it for 10 years, timing that is how the universe really works wow
Michelle D said:
on Thursday 24-Jan-19 08:57 AM
There is no doubt that Lance Armstrong messed up quite severely with his cycling career. I think the world has judged Armstrong very harshly over the past few years, maybe rightfully so. I think he may have deserved a bit of luck although I don't think anyone really deserved $20 million.
Melissa van Tellingen said:
on Thursday 24-Jan-19 08:25 AM
I agree that it was a great risk but luckily for him it paid off. I don't think I will ever have the guts to invest massive amounts of money as the risks are too big.
Jolene said:
on Tuesday 22-Jan-19 05:37 PM
He got very lucky! I wish I knew more about investments. You can make money easily without doing much but it is very risky.
Jadine Richards said:
on Tuesday 22-Jan-19 03:56 PM
Well it appears that luck follows those with means. In this case its a bit like winning the lotto twice.
Jadine E said:
on Tuesday 22-Jan-19 12:50 PM
There are always risks with any venture but majority always pay off in a good way.
Fikile said:
on Friday 18-Jan-19 11:52 AM
I thin it was a very big risk to take but at least it did pay off and he may have a whole of things that he is going through but at least he has the money from his investments that is better than loosing everything.
Bianca T said:
on Friday 18-Jan-19 07:55 AM
Wow, he must be on cloud nine, I am really happy for him, hope he will manage it well
Zandelee said:
on Friday 18-Jan-19 07:09 AM
All you need in life is a leap of faith and also a bit of luck. Well done to him!
Joyce said:
on Thursday 17-Jan-19 04:58 PM
It sounds like Lance Amstrong has all the luck to stay rich
Michelle Smillie said:
on Thursday 17-Jan-19 12:44 PM
Amazing how an investment can grow. Sometimes it can be worthwhile but there are always risks.
Angelica Canosa said:
on Thursday 17-Jan-19 12:33 PM
Unbelievable, investing in shares can either be rewarding or very disappointing. This was a fantastic investment and he got lucky.
Sarah said:
on Thursday 17-Jan-19 12:29 PM
I don't really know how some investments work but we have to invest to better our future. He is really lucky to multiply his money by 200 times, well not lucky it was a 50 / 50 chance he took. He probably did wear the pro's and con's.
Mathilda Du Preez said:
on Thursday 17-Jan-19 11:34 AM
What a disappointment it was for the world when it made headlines that Lance Armstrong the greatest road racing cyclist is responsible for the biggest doping scandal in cycling history.
Maybe he suffered long enough for his bad decisions and the universe was like here you go friend!
Total Luck!
Victoria said:
on Thursday 17-Jan-19 10:54 AM
He took a chance by investing $100,000 into an investment company and it definitely paid off. I think in life you need to take calculated risks and sometimes it will work out for the best or sometimes work out for the worst, but taking a risk is better then not.
courtney said:
on Thursday 17-Jan-19 10:43 AM
Life is about taking chances! I need that kind of luck though.
Very happy for him.
Megan said:
on Thursday 17-Jan-19 10:27 AM
That's quite a large sum of money to receive after "blindly" investing. For it to grow 200 times is really amazing, what luck for sure!
Alexis said:
on Thursday 17-Jan-19 08:49 AM
Talk about being lucky and the investment company investing on the right choice hey. I do not know much about investing etc, except for maybe having a unit trust that will be invested by whichever company I have it in. It is very good to invest as I see it
Nicolle said:
on Thursday 17-Jan-19 08:44 AM
Investments terrify me. Perhaps, and in all likelihood it's because I do not completely comprehend the mechanics behind it. That being said, imagine if movements such as the "Yellow Vest Protests" started taking place all over world, and, not only in France. The Anti-government protesters wearing florescent yellow jackets aka “Yellow Vests” have roiled France. The “Yellow Vests” are a largely spontaneous protest movement that emerged in France, in October 2018. With no declared political affiliation, they called for lower taxes and a higher level of social transfers and public services. The question then becomes: “will this have an impact on investments”.
Although this is a unique phenomenon, the Yellow Vests are part of a global trend of political and social movements. Actively voicing their distrust of mainstream political institutions, across economies.
A long-winded point, but, money is fluid, investments are largely dependent on socio-economic climate. So, how far will one’s investment go should there be a larger shift to the desire of “self-management”?
Bianca N said:
on Thursday 17-Jan-19 08:43 AM
He got so lucky on this one. Multiplying an investment by 200 times is incredible, and I'm sure that especially now more than ever, he is very happy that it worked out this great for him.
Nina said:
on Thursday 17-Jan-19 08:38 AM
This is quite interesting. It is sad that he decided to make the wrong choices which ultimately ruined his career and his reputation. It is strange how things work out, but he sure is lucky.
david said:
on Thursday 17-Jan-19 08:29 AM
some guys have all the luck...
i mean, how can you get away with doping in the biggest bike race in the world for 7 years running? if it didn't happen in france, i would have guessed south africa.
ja, fairly lucky with his investment too.
brumilde said:
on Thursday 17-Jan-19 07:07 AM
Such a Hero and a role model at one stage. Shame to see how he has fallen. He was lucky as the investment could have turned the other route and be with 0.01c. Hope he makes a comeback with his career and personal life.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
