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Re: Gannicus post# 79217

Tuesday, 10/21/2014 2:36:01 PM

Tuesday, October 21, 2014 2:36:01 PM

Post# of 91007
Dr. Andrews may have great wealth himself. But he would not, repeat NOT, jeopardize his professional reputation by recommending a sub-penny stock to a professional athlete, IMO.

These superstars have career managers who contact trusted financial professionals on behalf of their clients. A 30 year veteran in this business comments: “Looking at their assets — you have this finite window,” says Rawiszer, who says his focus is on capital preservation.

“Yes, you have to grow it — I don’t want it sitting in cash — but you really want to create a financial cocoon. You will have financial security for the rest of your life if it’s done right,” he says.

“In their prime working years, we’re looking to preserve yet grow their assets” through municipal bonds and high-dividend stocks such as AT&T and Philip Morris. “We reinvest the dividends and income,” since the client’s current cash flow is more than adequate for present needs, he adds.

“We don’t have to swing for the fences and hit home runs if we can hit singles and doubles and grow capital,” the athletes’ advisor says.

In addition to stocks and bonds, Rawiszer carves out ample room for alternative investments, particularly oil and gas, floating-rate bank loans tied to LIBOR which rise in rising rate environment, and global credit opportunities such as recovering European bank loans.

When the celebrity’s career cycle begins to wane, the advisor transitions from a growth portfolio to an income portfolio he can live on."

http://finalexpenselifequote.com/advisor-prepares-pro-athletes-for-life-after-sports/

And you think these financial pros will speculate on sub-penny stocks with the management antics of Dr. Victor? You're spending too much time on IHUB MBs. We are entitled to taking our own risks, but the pros (and my relatives) regard us as crazy. LOL

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