tag:blogger.com,1999:blog-8091367287813993533.post1841456202182551813..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: Is There a Financial Equivalent of the Darwin Awards?Robert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8091367287813993533.post-78712665464111285452010-10-22T14:16:00.884-04:002010-10-22T14:16:00.884-04:00Lori-You're right about the friends issue. I&#...Lori-You're right about the friends issue. I'm not sure about the knowing who to trust point. These athletes have advisors and the advisors I assume are pointing out the risks of the ventures they are going into mostly. Then you have the equivalent of the guy tying the rope to the car bumper - absolutely no help there.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-22317524805082510602010-10-22T13:38:01.974-04:002010-10-22T13:38:01.974-04:00great post, I love reading the Darwin Awards. Talk...great post, I love reading the Darwin Awards. Talk about feeling better about yourself!<br /><br />I think the problem with pro athletes is they surround themselves with the wrong "friends." It's probably hard to know who to trust. Not that that is an excuse for losing millions.Lori https://www.blogger.com/profile/13413218163318318897noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-54400306735025328952010-10-21T21:05:54.279-04:002010-10-21T21:05:54.279-04:00re: Andrew There are of course success stories but...re: Andrew There are of course success stories but the article reported that Sports Illustrated claims that 60% of professional Athletes get into financial difficulty. I don't believe I've ever heard of any of their advisors having financial difficulties.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-77629672669918228262010-10-21T20:04:16.508-04:002010-10-21T20:04:16.508-04:00Robert,
You made me laugh and shake my head. Pro...Robert,<br /><br />You made me laugh and shake my head. Professional ball players (and other pro athletes) need to have their salaries entirely invested in something boring and dull, where they can piss away half of the interest. That should be mandatory for pro contracts. Holyfield, I read, lost his house. What's up with that? No wonder he feels the need to keep employing himself as an Andrew Hallamhttps://www.andrewhallam.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-19879926457018138552010-10-21T09:13:33.195-04:002010-10-21T09:13:33.195-04:00re: Grouch Sometimes with athletes you can underst...re: Grouch Sometimes with athletes you can understand it a bit because they are so young and they have never had to think for themselves - even many who went to college!<br />But the same thing happens with lottery winners. You would think their advisors would suggest putting at least a couple of million in perfectly safe investments and then let them act stupid as long as they don't borrow.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-47968038576857642152010-10-21T08:59:05.840-04:002010-10-21T08:59:05.840-04:00I've been saying the same thing for years. Bu...I've been saying the same thing for years. But greed, stupidity, and ignorance know no limits.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-2096927666897990702010-10-20T20:30:55.987-04:002010-10-20T20:30:55.987-04:00Re: Mich I don't think you'll need my cour...Re: Mich I don't think you'll need my course when you $50 million.<br />Re: Kevin Great link. They didn't want to get in the way but they seemed interested in the end result!DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-59535683010997042952010-10-20T16:16:38.912-04:002010-10-20T16:16:38.912-04:00I am still at awe at people losing hundreds of mil...I am still at awe at people losing hundreds of millions as if it was change money. <br /><br />If i ever hit 50milliuon Rob, I'll be the first to sign up to your course ;)BeatingTheIndexhttp://www.beatingtheindex.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-29336022129186369002010-10-20T15:54:01.106-04:002010-10-20T15:54:01.106-04:00http://www.daejonilbo.com/news/newsitem.asp?pk_no=...http://www.daejonilbo.com/news/newsitem.asp?pk_no=904100<br /><br />Worst part is that there are a bunch of other people standing there just watching the guy do that. I guess they didn't want to get in the way, though. He seemed pretty mad! :SInvest It Wiselyhttp://www.investitwisely.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-41202499654399676062010-10-20T15:46:14.559-04:002010-10-20T15:46:14.559-04:00Of course, it's only a Darwin award if it happ...Of course, it's only a Darwin award if it happens before the guy has offspring. Death is a cruel punishment, but.... yikes, what was that guy thinking tying the rope to the wife's car bumper!!Invest It Wiselyhttp://www.investitwisely.comnoreply@blogger.com