Many college footballers aspire to take their talents to the next level, with very few aspirations beyond the football field. But for former LSU defensive end Lewis Neal, developing a Plan B was the top priority. He’s a projected pick early in the NFL Draft, so he has options.
Neal, a 6-foot-2, 272-pound lineman who has amassed 118 tackles and 12 sacks in four seasons at LSU, announced via Twitter on December 12 that he would own a financial investment firm managing the currencies and cumulative translation. adjustment (a process used to balance and account for fluctuations in foreign exchange gains / losses). Four days later, Neal graduated in Sports Management.
Blessed to be known as the FIRST African American athlete to own a financial investment firm (Foreign Exchange CTA)
– Lewis Neal (@ ImBallinNeal18) December 12, 2016
Even more impressive is the fact that Neal accomplished all of this at age 21.
“I’ve always been an entrepreneur,” Neal told Campus Sports in May. “I’ve always wanted to take care of my family, be honest and be in control of my income and my life. This is the reason why I started looking to invest. Being young, I wanted to learn how to make a lot of money on my own, so I didn’t have to worry about someone figuring out how much I earn. That’s when I started looking for a way to earn some extra income because everyone has this dream.
According to the Bureau of Labor Statistics, in 2015, African Americans made up only 10% of the finance and insurance workforce. The percentage decreased to 6.2 with funds, trusts and other financial investments. Neal’s firm, Foreign Exchange CTA, will invest and advise in the currency markets.
Neal’s curiosity about investing began his senior year of high school, but it wasn’t until his sophomore year at LSU that he began to take trading seriously and learned that his hobby could be transformed. and much more.
“I just got into investing because it was a way of helping me and showing me a different outlook on life. And with football, you always need to have an income stream because you need a long term income if you want to live the way you want. Investing is just a way, you know, ”Neal said. “There are so many other ways that I have in the works right now, so this is just the start.”
The investment firm is one of many companies that Neal has embarked on during his academic career. Day trading in the foreign exchange market (Forex) – the largest foreign exchange market in the world which sometimes records a daily turnover of $ 4 trillion – allowed Neal to earn enough money to become part owner of the Hair Factory salon in Baton Rouge, Louisiana. Neal and a friend have also developed a smartphone app for students.
“I’ve always had this mindset as an entrepreneur and I think it should be taught more,” Neal said. “It’s a good thing to have. There are so many people who have great ideas but never get there because they don’t know how. I have the impression that this is very important. “