It is an activity only recently I call a hobby, in small part, due to embarrassment; the other, due to a real passion for winning despite its fanciful ways. Unlike arts and crafts that are relaxing and even therapeutic, the task of managing a fantasy football team can be mentally exhausting, layered with high risks and rewards: From looking at the injury status lists, making game-time decisions, and ‘pooling’ free agents in hopes of getting more points.
I thought about how ‘fantasy skills’ could transfer in ‘real life’ actions. In truth, I think being a fantasy league player, coach, and owner is quite the same as being a stock investor , securities trader, or portfolio manager.
For example, researching company’s ‘ticker’ symbols for making profitable returns is similar to a fantasy owner looking at icons for winning games.
So I encourage fellow fantasy players to start stock investing too.
We see commercials from Charles Schwab, TD Ameritrade, and TRowePrice and think we need tons of cash to make even more money. Unfortunately, starting with $10,000 accounts simply take some of us “out of the game.”
However, there are a few sites that you can invest as low as $10 a month. I’m not talking specifically about a 401K plan or the IRA (Individual Retirement Account) variety, although these may be helpful as well.
Time for a DISCLAIMER: I’m not an investment consultant or advisor, so you might consider talking to a professional before you act on my advice. But if you are a fantasy league owner, I’m confident you will learn a lot just by checking it out yourself.
These investment sites allow you to forego using a broker and discover how to invest directly:
BNY Mellon Shareowner: https://m1.melloninvestor.com/mellonone/index.jsp
Some other helpful resources and associations:
Drip Investor: http://www.dripinvestor.com/index.asp
The American Association of Individual Investors: http://www.aaii.com/
Again, these are opportunities to invest in companies directly and take control of your money as you do your fantasy football team. There are thousands of companies to choose from that ranges from the popular to the less publicized. Of course I wouldn’t tell you which companies to invest, just like I wouldn’t tell you my ‘watch-list’ of fantasy football players.
The point here is that although some may look at fantasy football owners as unproductive, I think you might find stock investing not only as a way to make real money, but also just as rewarding and fun as our Football Sundays.