Categories: In the Bleachers

Life During The Lockout: Andre Iguodala Interns In The Financial Sector

I am big on financial literacy. I think it’s an area that a lot of us have a deficiency in, especially pro-athletes. We’ve all heard the stories or read the data, Per Sport’s Illustrated, 78%NFL players go broke or are in financial distress within two years of retirement. For NBA players, 60% will be bankrupt in five years.

Sixers star Andre Iguodala paid attention to the messages. Iguodala shadowed a venture capitalist during a week-long internship with Bank of America Merrill Lynch arranged by his financial planner.

“I always had an interest in what was going on in the market,” Iguodala said. “I have a couple of teammates, Jason Kapono and Spencer Hawes, who are into it. I always read USA Today and the Wall Street Journal, and I have an E-Trade account, so the interest in finance has always been there.

Should the lockout continue (and we’ll know more on that front after meetings in New York tomorrow) Andre plans to spend time with working with a hedge fund.

With so much at their disposal, I love to see an athlete become equally vested in the business side. Understanding the way money works is one the tools to long term financial stability. Much respect to all the athletes who took this time off and use it for a little personal growth.

Jill Munroe

Jill Munroe is a Los Angeles-bred entertainment journalist, producer, and host. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists LA. Follow her socials @StilettoJill or visit JillMunroe.com. Catch her live M-F on KBLA Talk 1580 from 6PM to 7PM.

Share
Published by
Jill Munroe

Recent Posts

Apple TV+ Film ‘Blitz’: Steve McQueen Explores Love and Self-Determination in WWII Drama

Inside Steve McQueen's Vision for Blitz Acclaimed filmmaker Steve McQueen has once again delivered a…

3 months ago

Top 15 Entertainment and Sports Stories of 2024: Usher, Kendrick Lamar, Athlete Podcasts, and More

Top 15 Entertainment and Sports Stories of 2024 As the year ends, we look back…

3 months ago

John Legend and Mike Jackson Talk Rhythm + Flow Season 2: Storytelling, Industry Evolution, and What’s Next

John Legend and Mike Jackson on the Power of Storytelling in Rhythm + Flow Season…

3 months ago

WAGS to Riches: Netflix’s New Reality Hit Brings Real Estate, Drama, and Star Power!

Reality TV lovers, grab your popcorn and champagne—Netflix is serving us WAGS to Riches, a…

3 months ago

Love, Money, and Fame: Professional Athletes Navigating the Dating World

Love, Money, and Fame: Professional Athletes Navigating the Dating World Dating in the world of…

3 months ago

Netflix Streams NFL Christmas Day Games Featuring Mariah Carey & Beyoncé: A Holiday Spectacle Set to Shake Up Sports & Streaming

Netflix’s Christmas Day NFL Takeover: Mariah Carey, Beyoncé, and Two High-Stakes Games Netflix is dreaming…

3 months ago

This website uses cookies.