News > Wealth Management

What wealth advice would you give to Kobe Bryant for his retirement years?

By NexChange
Wealth Management

kobe bryant

Kobe Bryant has announced that he will retire from the NBA at the end of this season. Over the years, he's earned a tidy bundle. Forbes writes:

Bryant’s $680 million in total earnings is the most ever by a team athlete during their playing career. The only athletes to earn more are in individual sports and include Tiger Woods, Michael Schumacher and Floyd Mayweather.

On Twitter, a couple of  tweeters suggested that Bryant invest in TIPS, the inflation-protected Treasury securities -- a conservative approach. Another suggested that Bryant ask LeBron James, another NBA great.

We would suggest that Bryant follow in LeBron's steps -- in terms of seeking advice. For his investment tips, LeBron turned to the Oracle of Omaha, Warren Buffett.  Tell us in the comments field what you would recommend and compare your ideas to what Buffett has to say in this CNBC interview:

Subscribe to our Newsletter

Be one of the first to experience the future of financial services