Quote:
Originally Posted by caspper69
You guys can laugh all you want, but there's a seriously untapped market out there for people with that kind of money and no real *sound* financial advice.
We've been trying to establish several mutual funds for these guys. Believe me, the business ideas they invest in (and by *they* I mean professional athletes), that have zero, and I mean ZERO chance for a payoff. One NBA player we were dealing with was about to drop $10MM on a home builder, in the MIDDLE of the subprime crisis with a gluttony of unsold homes on the market. The guys that have these athlete's ears are not folks that *should* have their ear.
It kind of makes me sick seeing it from the other side. It's really disgusting how professional athetes are treated because they make a ton on the 1st and 15th of the month.
No joke.  |
Huh? There's no shortage of good places to go if you have a ****load of money. If anything, there's a glut of them because everyone wants to have free reign to invest tens of millions. All you do if you make as much as Spreewell did is call up any bank and say "I have 10 million (or whatever) and I want to invest it." It's not really that difficult.
And I don't get how you act like people are doing this to these athletes. They have the same access to good investment services as anyone. They just choose to blow their money instead. Oh well.