Eugene Profit facts for kids
Quick facts for kids
Eugene Profit
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Eugene Profit
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| Born | November 11, 1964 Baton Rouge, Louisiana, US
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| Alma mater | Yale University |
| Occupation | President, CEO, Managing Director of Profit Investment Management |
Eugene A. Profit is an American investor, business owner, and helper of others. He used to play professional American football as a cornerback for the New England Patriots and Washington Redskins. Today, he is the founder, president, CEO, and portfolio manager of Profit Investment Management. This is a company that helps people manage their money and investments in the Washington, DC area.
Eugene Profit is well-known for his smart way of investing. He looks for companies that he believes will grow a lot in value. Because of his successful approach, he has been featured in many financial magazines and TV shows. These include Business Week, SmartMoney, Black Enterprise, and Investor's Business Daily. He has also appeared on TV networks like CNBC and CNN to share his ideas.
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Early Life and College
Eugene Profit was born in Baton Rouge, Louisiana, on November 11, 1964. He grew up in Los Angeles, California, with his mother Shirley and four brothers and sisters. He went to Serra High School.
After high school, he went to Yale University. There, he studied economics. He was also a talented athlete, competing in both track and field and football. He still holds Yale's school records for the 60-yard dash and the long jump! In football, he was recognized as an All-American player.
College Football Career
During his second year at Yale in 1983, Eugene played varsity football. He made 40 tackles and recovered one fumble. He also set new Yale records for kick returns and kick return yards in a single season.
In his junior year, Eugene switched from playing offense to playing defense. By his senior year in 1985, he was a starting defensive back in all 10 games. His team even beat their rival Harvard 17-6 in "The Game." He made an interception against Holy Cross and was named honorable mention All-Ivy.
Playing in the NFL
After graduating from Yale, Eugene Profit was signed by the New England Patriots in 1986. He played as a cornerback for three seasons with the Patriots. Later, he joined the Washington Redskins.
His first professional game was in New Orleans in 1986. He played in the last four regular season games that year. In 1987, he played in seven games, making two tackles and blocking a punt.
In 1989, after joining the Washington Redskins, Eugene got a serious hamstring injury. He decided to leave the National Football League to start a new career. By 1990, his football career ended, and his highest NFL salary was $200,000.
Life After Football
After his football career ended due to his injury, Eugene Profit decided to try something new. He first thought about owning a bakery. However, he soon moved into the world of financial services.
In 1994, he started working as a financial consultant at a company called Legg Mason. Just two years later, in 1996, he decided to start his very own company. He founded Profit Investment Management, where he became the President and Chief Executive Officer.
Profit Investment Management
Eugene Profit started Profit Investment Management in 1996. He began as the company's President and CEO. In 1997, he also took on the role of Portfolio Manager. This means he is in charge of making investment decisions for the company.
His way of investing is to find companies that he believes are "undervalued." This means he thinks their stock price is lower than what the company is truly worth. He looks for companies that have strong growth potential, even if others haven't noticed it yet.
Helping the Community
Eugene Profit also cares a lot about giving back to the community. He supports programs that help people and teach them about money. This is called improving financial literacy.
Some of the organizations he helps include the NASDAQ "Stock Market in Schools" Program, which teaches students about investing. He also supports the Boys and Girls Club, the Providence Health Foundation, and the Montgomery County Community Foundation.
