Here’s what a basic index fund would have earned them instead. Stocks slump as 10-year Treasury yield nears 5% and crude oil remains atop $100 Opinion: Travis Kelce and others lost millions in a Ponzi scheme. Investment scams cost Americans billions of dollars every year — how to protect yourself Kansas City Chiefs tight end Travis Kelce is among the victims of $35 million Ponzi scheme.
Here’s a simple message to sports stars, entertainers and anyone else who hits the big time at an early age and doesn’t know what to do with all that money. Don’t do what Travis Kelce and many others before him did. Don’t get lured into a clever, obscure get-rich-quick scheme sold to you by a plausible-sounding con artist.
Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 I’m in my 50s. My mother died from Alzheimer’s.
Do I need long-term-care insurance? A sideways market and rising earnings are presenting a buying opportunity for this crucial sector Why mortgage bonds are set to deteriorate, and possibly hit the whole market, according to this Wall Street expert Brett Arends is an award-winning financial writer with many years of experience in writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others.
He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, "Storm Proof Your Money," was published by John Wiley Co. Intraday Data provided by FACTSET and subject to terms of use.
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