Investing is one of the key ways that athletes can achieve the financial goals they have set in their financial and life plan. Through investing athletes can make their money work for them and take charge of their financial security by growing their wealth and by generating additional income streams to support their desired lifestyle.
Investing, means committing capital or funds to different types of assets with the expectation that they will generate a gain or profit, in the future. An investment is different from saving because an investment is a rather active way of using money while saving is basically storing money for future use. Investing always carries risk with it therefore it is critical to do research and analyze the risk before committing money into an investment. With so many ‘get rich quick’ schemes out there, trying to sell the improbable dream, athletes need to have a basic knowledge about the different investment options and the risk they carry.
This month we will go over the different types of investments and their profit generation potential, the prevailing market trends and the risk involved. We believe that knowledge forms the foundation of any successful investment strategy and through this month’s articles we want to give athletes the tools to make wise and sound investment decisions.
Athena P. Constantinou