Why do so many NFL players go bankrupt?

[Schneed10]

Originally Posted by Giantone

Find the post I said 100% of my money,read again I said if you invested $1000 and I did 1 million according to you if we invest in the same thing and it goes under I'm stupid but your not,I might have lost more money bit you are just as dumb as everyone else.

K well sticking with the gist of your point, the scale is all relative. If I put $1000 of my money in "something" (as you call it), but I've got $49,000 in other things, then losing the $1000 isn't a big deal. Likewise, if you have $1 million in that losing investment, it's a big deal if you only had say $1.5 million to your name. If you had $50 million to your name, not a big deal.

But that's the thing, this article says these guys have lost nearly all of their money.

What I'm contending is such a bad move, is taking all of one's money, and turning it over to one financial adviser, or one investment. That makes no sense, and it sure seems like everybody should just know that.