Professional athletes, rookies and veterans alike, take to the field this weekend as the NFL season starts up officially. The systemic problem in the NFL is that many of these players will go broke once their playing days are over. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses...
With the NBA draft being held last week a new batch of instant millionaires was introduced. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business Varney & Co. to discuss how to communicate to the freshman class of pro-athletes how to hold on to their money.
Related...
A few years ago Ed Butowsky joined forces with ESPN’s Pablo Torre to collaborate on an article, How (and Why) Athletes Go Broke, that would expose a huge problem in professional sports the fact of professional athletes going broke in epidemic proportions. Fast forward to last year, ESPN recognized the fact this article exposed a real...
How (and Why) Athletes Go Broke
Published March 23rd, 2009 in Sports Illustrated By: Pablo S. Torre
Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn’t matter how much they make. And the ways they blow it are strikingly similar.
What the hell happened...
Ed Butowsky is a nationally-recognized expert in investment management. Butowsky has been in the financial services industry for over 25 years. He was previously a Senior Vice President at Morgan Stanley and a Managing Director ... More »
Contact
Ed Butowsky, Managing Partner
Chapwood Capital Investment Management, LLC
Website: www.chapwoodinvestments.com
Email: ed@chapwoodinvestments.com
Phone: (972) 865-2225