EP #61 | Part 1 | Why Athletes make bad financial decisions | Guest: Dividend Athlete

This week we welcomed Henrik from Dividend Athlete onto the show to discuss why Athletes make poor decisions.

We started with a little introduction from Henrik before moving onto the news of the week where we discuss Lionel Messi and his move to PSG. Messi signed a two-year deal with PSG, with an option for a third, that will net him an annual salary of $41 million-plus bonuses and a reported $30 million signing fee.

Imagine if he put all of this into a dividend portfolio, he could earn 35k a month in dividends after tax!

After a short quick-fire round with Henrik, we discuss Why Athletes need to invest, how Dividend Athlete got started in dividend stocks, and the tax implications when traveling to different clubs to play football.

After questions from the community we look at Colin Boylan top 5 stocks in his defensive portfolio:

• Abbvie 10%
• Pfizer 9%
• Southern co 9%
• Unilever 7%
• General Mills 7%

Lastly, as our guest, we invited Dividend Athlete to share his stock pick of the week which is a german REIT

Hope you enjoy the show

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Tickers mentioned during the show:

– Orkla ($ORK.OL)

– DIC Asset AG ($ETR:DIC)