April 13, 2015
Andy Roddick: Safe investments can be sexy
Pro athletes are known for investing in flashy things like restaurants, night clubs and car dealerships.
This go-big-or-go-home mentality was never one that appealed to tennis superstar Andy Roddick.
“You see, athletes invest in passion plays a lot. They like to have something to take a friend to,” Roddick told CNNMoney.
The former Grand Slam singles champ is known for an aggressive playing style that features a lightning-fast serve and a rocket forehand. But his investing philosophy is far more conservative.
“A lot of people my age are trying to hit a home run in a year or two,” Roddick said. “I don’t really base investing on the upside. It’s more along the lines of: Worst-case scenario, are you still okay?”
He blamed investors’ impatience on today’s culture of instant gratification.
“Whether it’s Twitter (TWTR, Tech30), Instagram or Netflix (NFLX, Tech30), you have everything yesterday. Everything is at your fingertips. It doesn’t really work that well” with investing, said Roddick… Read the full story here:
via: Andy Roddick: Safe investments can be sexy
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