What stocks do celebs invest in?

Question

Seems many celebs do a good job holding onto there funds - I'm sure some dont as well but for the most part do. What are the biggest investments in the Hollywood world?

Answer 1

Many have money managers. Then too, there are many special situations that don't get widely published. Some invest in things from movies to parts of a farm crop. There are tropical tree farms that have the names of various celebs where they bought a bunch of teak trees, for instance. I know a corporate farm in Arizona where raisins are produced (grapes dried on the vine) and a variety of doctors, lawyers, and actors have shares in the fields. Of course, wine and vineyards are close to the hearts of several, as are restaurants. I remember watching Johnny Carson one night and Peter Lawford was talking about his various restaurants that he invested in. It wasn't a chain, just different restaurants and he solicited partners from others in the film industry. And, of course, lots and lots of hedge fund money comes from Hollywood. Listen carefully when one fails and you will almost invariably hear about this actor or that losing money in it. Finally, California real estate. Some of the actors slowly flip houses, trade out of a mansion in order to get some cash to put down on the next bigger mansion. Everyone from Roy Rogers to George Lucas buys a 'spread' somewhere. Julia Roberts bought one and when she started appreciating the results of maternity and the comparative normalcy it brought her, she started spending more time there--it became home instead of just an investment. Roy Rogers reminds me that he followed another 'singing cowboy'--Gene Autrey. When he died, Autrey was one wealthy, wealthy man. I saw him once, his wife almost ran me over in that big Mercedes as she drove him away from the stadium after an Angels game (he owned the team). Gene sat in the back, apparently doing a little backseat driving himself as she made her way through the crowd.

Not all of their money is in the stock market. A good chunk is out doing stuff that interests them. Jay Leno and his cars for still another example. He puts a bunch of bucks into them. And when they sell, they don't go for cheap. Red Skelton had a nice house and didn't much care what his money managers did, as long as he had money for his paintings and music. While he was a so-so composer of marches, his paintings of clowns were worth more than all the rest of his estate when he died. It was something he put his heart into that brought the most value--but then that was why he was respected as more than just a teller of jokes.

Answer 2

Celebrities do not make any investments without paying the big guys to make all the decisions for them. If you have not already, purchase some Montley Fool books and read the basics of investments.

I invest in long term rising investments that go counteract with the market. If you would like to know what that is, IM me and I will let you know. If you're looking for a quick rise investment, than you must have lots of time for researching new and arising companies; the kind of research that these celebrities pay someone else to do.

Answer 3

Generally, celebrities (especially athletes and entertainers) suck when it comes to money. For starters, they overspend and undersave (hence, the luxury homes and extravagant staffing). If that wasn't enough, most of them have no BS detector, so they are constantly (and often successfully) targeted by a plethora of scam artists. Only one of those, Dana Giacchetto, pled guilty in 2000 to defrauding his clients (including Leonardo DiCaprio, Cameron Diaz, Gwyneth Paltrow, Matt Damon, Ben Affleck, Alanis Morissette, Tobey Maguire and the band Phish) of nearly $10 million. It took him less than eight months to accomplish that.

The few who do well usually do well precisely because they don't listen to "investment advisers to Hollywood" and opt to hire professional asset managers...