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Brain-Damaged Footballer Now Professional Wealth Manager

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atlasspanked
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
News flash to hipsters: Not all athletes are stupid.

Besides Mohammed Ali on crack could probably do as well as our current crop of financial titans. That's the magic of the marketplace.
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bytememehard
05/28/09

@atlasspanked: Yeah, but add brain-damaged to the equation.
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Unsolicited Advice
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
Financial advisory positions are not what you think they are. If you're a green FA, you're in sales. Your job is to sell financial products. Knowledge of finance is not necessarily a prerequisite unless you don't sound convincing when you regurgitate the pitchbook back to your clients.

It's sort of like selling televisions at Best Buy or something, when you dutifully explain that the more expensive one is better because of the pixels. It takes a while before FA's have enough clients and cachet to make financial decisions beyond hitting sales targets and recommending prefabricated portfolio mixes.
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CaptainFantastic
05/28/09

@Unsolicited Advice: +1
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shorty63136
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
I knew a CPA who had to quit playing rugby b/c of multiple concussions...and then continued being a very good CPA.

Does this guy have any background in finance (degree, experience)?
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allyzay
05/28/09

@shorty63136: has has an undergrad from hofstra in criminal justice which is basically the same thing.
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bytememehard
05/28/09

@allyzay: Basically the same thing as Sonia Sotomayor's degree from Princeton.
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mfnher
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
Ha! I used to work for Morgan Stanley. We had a former football player come to the firm after retiring. They gave him two whole years before firing him. The idea is that these guys will bring in clients with money, but it rarely happens. He couldn't close a deal to save his life. As for actually knowing about finance and managing portfolios, that's second on the list after bringing in assets under management.
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sloanish
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
So if you play football you're not allowed to get a real job? You're not allowed to trade on your name?

And if you have a money manager who has plenty of education I'm just wondering... how did you do last year?
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allyzay
05/28/09

@sloanish: why the fuck should you be allowed to trade on your name to get a job that you are uniquely unqualified for? trade on your name to be a morning buffoon on the today show, or to fuck a law & order actress, like ex-members of respectable ny teams do.
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south2nd
05/28/09

@sloanish: Yeah, education is overrated. Jessica Simpson did my dad's hip replacement.
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bytememehard
05/28/09

@south2nd: Lame
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resipsaloquacious
05/28/09

In reply to Brain-Damaged Footballer Now Professional Wealth Manager
Yea, I doubt he will be making the actual calls on buying/selling, recommending/downgrading, whatever....

However, I am sure Chrebet's golf game will soon be very polished and that he will be a fixture in the new luxury boxes at the Jets' home games

The guy was a god to many tristate area white dudes; the prime example of a common sports fantasy (for white dudes): that with a little athletic skill and a lot of moxie you can get to the pros. Not true, of course (Chrebet was a great athlete). But whatever, it's a relatively harmless fantasy and rich wannabes will pony up cash to MS to hang.
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allyzay
05/28/09

@resipsaloquacious: it is a good point you are making, that no one should feel bad about ripping off jets fans.
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