Tag: Investing

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On the evolution of NBA players investing in real estate

Watching ESPN’s “30 for 30” “Broke”, one hears some sobering statistics around professional basketball players ability to preserve their wealth. In 2009, it was noted by Sports Illustrated that 60 percent of former NBA players were broke within five years of retirement. In the past, aspiring professional basketball players, having needed to focus on their craft 24/7, have been victim to lacking financial literacy and knowing how to invest a hard-earned, million-dollar salary. Now, it is encouraging to see how NBA players are changing that narrative.

Two NBA players that arguably popularized real estate investing in the league also gave NBA fans one of the greatest playoff match-ups in league history.

It’s no secret that real estate represents one of the greatest forms of long-term investing, a hedge on inflation and an effective diversification strategy against traditional public equities investing. Two NBA players that arguably popularized real estate investing in the league also gave NBA fans one of the greatest playoff match-ups in league history.