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re: Report: Jeweler claims Drew Brees is "cash poor" and needs money in court documents
Posted on 6/12/18 at 1:01 pm to David Ricky
Posted on 6/12/18 at 1:01 pm to David Ricky
quote:
This sounds like a story you would read about a diva wide receiver or cornerback thats careless with money, not a 39 year old hall of fame quarterback who graduated from Purdu
Jewelry is typically considered a rather safe investment if you do your homework
2
Posted on 6/12/18 at 2:57 pm to kciDAtaE
quote:
Jewelry is typically considered a rather safe investment if you do your homework
That's a big if. And in his case an unnecessary risk. With that income the smart thing to do is be as conservative as possible. He isn't an investment analyst. He's a dumb arse.
Posted on 6/12/18 at 5:00 pm to kciDAtaE
quote:
Jewelry is typically considered a rather safe investment if you do your homework
Sure buying gold like bullion and coins at market prices and then selling when the prices go up can be considered a safe investment, but most financial advisors don't generally promote buying gold
But, Brees is like the old men who buy gold collectable coins and pay beyond the price of gold because they are led to believe that the gold coin is also a collectable and has value beyond the gold as a collectable.
I can't believe Brees was this stupid to buy jewelry and think he was making an investment like buying stocks, property, bonds, and precious metals.
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