Menu
Finance

FINANCIAL ADVISORS TELL CLIENTS TO AVOID RISKY INVESTMENTS

          Several athletes have "taken control of their finances
     by getting pointers from successful colleagues or money
     pros," according to Travis Poling of the SAN ANTONIO EXPRESS-
     NEWS, who examined financial advisors working with today's
     athletes.  Many advisors said they recommend stocks, bonds
     and money markets for their clients, instead of "riskier
     investments" like start-up restaurants and night clubs.  
     Advantage Int'l Investments advisor Frank Zecca said that his
     firm -- which "handles the money" of about 200 athletes,
     "takes an approach that helps athletes avoid the pitfalls and
     sets them for life, even with a short career."  Zecca
     recommends an allocation of 50% bonds, 40% stocks and 10%
     cash and advises against business ventures.  But some
     athletes have been successful investing outside the financial
     markets.  Spurs G Vinny Del Negro has "made a killing" in
     developing condominiums and apartments on Lake Michigan. 
     Also, Cowboys RB Emmitt Smith's successful business ventures
     include: the Emmitt Zone, which licenses his name to
     companies; Emmitt Inc, a trading card and collectors items
     firm; and Emmitt Smith Communications Corp., a pager and
     cellular phone company (SAN ANTONIO EXPRESS-NEWS, 11/22).    
       

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/24/Finance/FINANCIAL-ADVISORS-TELL-CLIENTS-TO-AVOID-RISKY-INVESTMENTS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/24/Finance/FINANCIAL-ADVISORS-TELL-CLIENTS-TO-AVOID-RISKY-INVESTMENTS.aspx

CLOSE