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[QUOTE="OttoinGrotto, post: 1267104, member: 297"]
It can be so much simpler than that. In the comparisons you mentioned, each of those people was trying to get their money to do more. For these athletes, given how many of them end up pissing it away, maybe the better course of action isn't investment. Maybe it's just having a budget. I mean, geez, even on a budget of 200,000 a year, MCW's first contract allows him to live very comfortably for like 60 years doing nothing but letting the cash sit. Now sure, that budget per year has less buying power at the tail end, but by then you can hopefully expect that there's been an accumulation of assets owned outright like real estate, cars, etc.

All of these athletes have some kind of financial advisor that's looking to make smart investments and grow their fortune. Given how broken or at least fragile that model is, my question is, why? So many of these guys end up broke. It's not because they didn't have enough cash on hand to be set up for life.

The paradox is that these guys would benefit if they're smart enough to say everyone's too stupid to touch their money.
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