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Fidelity index fund
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Obviously I am oversimplifying
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You're not wrong, but I think these guys get approached by family and friends with "business opportunities". It can be a tough situation for a young man to navigate, not to mention that they probably have never heard of an index fund.
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The players union has to do a better job teaching financial literacy especially for retirement
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I agree and the older players need to do a better job mentoring.
There's probably no getting around it though. We're talking about thousands of multimillionaire men in their 20's with no existing financial sense, after all.
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At least Antonio didn’t buy a yacht 🛥️
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It's a tough situation for a lot of these guys. They have a ton of money, most don't have anyone they know and trust to advise them on how to manage it.
They have to do something with it, so it's not surprising that they invest in things they're familiar with, like car dealerships.