The Consequences Of Monetary Doping

Slide1The career of one of the most accomplished players in sports history appears to be coming to a notorious end. On Monday, Alex Rodriguez of the New York Yankees was suspended by Major League Baseball through the end of the 2014 season for violating the league’s performance-enhancing drug (PED) policy. This latest sports scandal has essentially wiped away an extraordinary career that spanned twenty seasons in which he became the youngest player to reach the 500 and 600 home run marks. Of course, Alex Rodriguez is just the latest in a long line of athletes in recent years to experience such a dramatic fall from grace for using PEDs. It also provides an important lesson that reaches well beyond sports and includes investment markets. For while accumulating impressive statistics and setting new records may result in great personal wealth and cheering crowds, accomplishing these results through the use of artificial stimulants and performance enhancements almost always leads to a very bad ending.

Please click on the link to read more of my article on Seeking Alpha.

This post is for information purposes only. There are risks involved with investing including loss of principal. Gerring Wealth Management (GWM) makes no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made by GWM. There is no guarantee that the goals of the strategies discussed by GWM will be met.

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