Monday, April 13, 2009
Professional athletes tend to shy away from securities, prefer investing in oxygen-enriching comestics
Very eye-opening article about the endemic of professional athletes going broke within mere years of their careers ending. 78% of NFL players go broke [or financial distress] within 2 years, while 60% of NBA players going broke within 5 years (What, WHAT?). Very sad. The article also goes into some of the causes for such quick financial collapse, include a litany of terrible, terrible investments.
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