Why do wealthy blacks & Latinos rarely invest in stock market/bonds/Roth IRA
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Date: January 9th, 2017 12:43 AM Author: razzmatazz place of business
For the risk-averse investor, an adviser such as Butowsky would suggest allocating 5%to private equity, 7%-12% to real estate, 50%-65% to a mix of public securities(stocks, mutual funds and the like) and the rest to alternatives such as gold and hedge funds. Yet with athletes, who are often uninterested in either conservative spending or the stock market, those percentages are frequently flipped. Securities are invisible, after all, and if you don't study them,they're unintelligible. Not to mention boring. Inventions, nightclubs, car dealerships and T-shirt companies have an advantage: the thrill of tangibility.
http://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke
(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331810) |
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