Thursday, January 23, 2014

Investing Money in Athletes

In the UpFront Magazine article "I'll Buy 50 Shares of Tom Brady" the article speaks about how now the new stock market may revolve around buying shares of professional athletes. This new concept of investing money into people is something that could be the next generation of stocks. And just a new way of thinking that could lead into investing money into things that people thought we could never really invest in.
One reason I think this could be the future of stocks and investments is because of the recent boom of investing of professional athlete's performance. For example, Fantasy Football has become so popular, which is games that you can make a lot of money off of if you have the right strategies in creating a good team. Personally, I play in a few money leagues and I've made almost five times what I payed to enter the league when I've won. This can't really be called an "investment" but it's become increasingly popular in some online ways people make money. As it says in the article, "your share will go up if the player receives a big contract or performs well on the field." It's weird if you think about it, you can make money off of how someone performs in a football game. I like this concept if you are into investing in a favorite player that you think has a lot of potential. And it's more of a short term investment which would make it more exciting for a little younger generation.
In conclusion, I think that investing in people is something that is still in its early stages, but could develop and could lead into being able to invest into other things. It could be the future of stocks and shares. It could really attract a certain group of fans and people that are into sports.

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