Financial advice from Wayne Gretzky
Financial Post - over 5 years
The National Hockey League’s all-time leading goal scorer sounds like he’s taken a few passes on risky investment opportunities.
Wayne Gretzky doesn’t like to have any debt, keeps his money mostly in the bank and in low risk bonds and says he would never put more than 10% of his wealth into any investment opportunity.
“I was not a big risk taker, an adventurer to invest in the things I didn’t really know anything about,” said Mr. Gretzky, who mentioned his restaurant in Toronto of 18 years and his five year-old wine business as two of his more prominent investments.
The one thing I’ve learned in my lifetime is you don’t know everything. People who think they do, those are the people who get themselves in trouble
The 51-year-old was speaking at a panel put on by TD Waterhouse Monday titled “Life after hockey, financial advice and the need to plan for retirement, even if you are Wayne Gretzky.”
The Great One learned much of his frugal ways from his father Walter, who Mr. Gre...
Article Link: Financial Post article