No Vacation from Monitoring Investments

Summer is always a good time to step back from the daily grind and review your fiances. Whether you are an active or retired player, take time to pay attention to your investments. Don’t take a vacation form monitoring your investments. Review your statements: Bank, brokerage firm, money manager, annuities, insurance policies, 401-K plans, IRAs. Review these statements on a regular basis, All investment portfolios need some...

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Sports Lessons Translate to Business Lessons

In 1960 I was a Claremont, California high school sophomore trying out for the varsity basketball team. At 6-foot-2 with an athletic build, my chances appeared to be a slam dunk. Over several weeks of conditioning we were now down to a select group for the final day. But our pre-celebratory cheers stopped as we watched the football players effortlessly run through drills. They had been recruited to tryout alongside us, causing the...

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Career Transition: What’s Your Game Plan?

Everyone knows that professional athletes are some of the most talented, competitive people on the court. But, it’s often overlooked that many of the same high-achievers from professional sports go on to find success in many business, education, and various professional settings. Success off the court is a result of asking the right questions, finding answers and strategically planning the next play. The reality is that a player’s...

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Wealth Management for Pro Athletes: What’s Your Game Plan?

We’ve all heard the stories. An NBA All-Star earns multi-millions in salary and bonuses during his seven-year playing career. After years of living the high life and a bunch of unwise financial decisions, he retires. Two years later, he’s broke. Sadly, tales of athletes whose financial lives are in chaos are hardly uncommon. In fact, more than 60 percent of NBA players will be broke five years after retiring, 78 percent of NFL players...

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Five Investing Mistakes You Don’t Have to Make

It’s easy to have confidence in investments made during bull markets: share prices climb and any losses from poor decisions are usually recovered fast. But times of increasing market volatility tend to magnify mistakes, and many investors may lose confidence in their decision making. Let’s take a quick look at some of these common — but generally avoidable — mistakes. 1. Timing the Market During a downturn in the market, investors who...

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