Jamaican sprinter Usain Bolt‘s stock-market fiasco has riddled the world with questions. With the loss of 12.7 million dollars, Bolt’s investments dropped from millions to mere thousands. While most athletes invest their money in the dazzling world of the stock market, NHL demigod, Wayne Gretzky holds a rather different perspective.
In 2013, the Great one shared his outlook on managing finances as an athlete. As his piece of advice to the young athletes, he also shared a harsh reality behind the picturesque view of the stock market. Let’s look into Gretzky’s wise counsel.
Wayne Gretzky talked about stock investments
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In a 2012 article for Money Sense Gretzky profoundly chatted about the various facets of managing finances. At one point, the Canadian revealed the jarring reality of investing in stocks. Gretzky stated, “too many hard-working people save $5000 or $10,000, then invest it in a single stock based on a tip they’ve received”.
The White Tornado then mentioned the discordant nature of the stock market by adding, “they put that money in, and all of a sudden it’s down to zero”. He further conceded with the concept of keeping money in the bank. “There’s nothing wrong with keeping your money in the…
