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Investment advice for our athletes
published: Sunday | September 21, 2008
Olympic 100-metre gold and silver madallists (from left) Shelly-Ann Fraser, Kerron Stewart and Sherone Simpson. - file photos
1. How should our athletes invest their earnings, taking into account the fact that their careers have a relatively short lifespan?
Dwight Newman, senior vice-president - Markets & Trading, Mayberry Investments: "I would advise our athletes to stick to age-appropriate asset allocation. That is, a mix of assets such as real estate, stocks and bonds. For a 22-year-old like Bolt, he should be heavily invested into equities and bonds, because these are proven assets in the long term. Our champion athletes are earning as they go, so should feel comfortable to invest as they have cash coming in. For any short-term needs, I would also recommend repurchase agreements. One would hope that their advisers are helping them to a secure a home and investment in real estate as these are also part of the long-term investing strategy they should consider.
Investment advice for our athletes
published: Sunday | September 21, 2008
Olympic 100-metre gold and silver madallists (from left) Shelly-Ann Fraser, Kerron Stewart and Sherone Simpson. - file photos
1. How should our athletes invest their earnings, taking into account the fact that their careers have a relatively short lifespan?
Dwight Newman, senior vice-president - Markets & Trading, Mayberry Investments: "I would advise our athletes to stick to age-appropriate asset allocation. That is, a mix of assets such as real estate, stocks and bonds. For a 22-year-old like Bolt, he should be heavily invested into equities and bonds, because these are proven assets in the long term. Our champion athletes are earning as they go, so should feel comfortable to invest as they have cash coming in. For any short-term needs, I would also recommend repurchase agreements. One would hope that their advisers are helping them to a secure a home and investment in real estate as these are also part of the long-term investing strategy they should consider.
Investment advice for our athletes