Bankrate: At what point did you realize you were earning on a superstar level?
Don LaFontaine: It was
about 15 years ago when I started cracking some pretty big numbers. It's been
a gradual process. I never think of it as the superstar level. I'm always slightly
amazed at the attention I receive, because I just think of myself as a lucky working
actor who's doing his job the best he can, and circumstances have put me in the
right place at the right time. Bankrate:
What type of investments do you prefer? Don
LaFontaine: I'm more or less partial to the safe, conservative things.
The primary idea my wife and I talked about was to make sure we had a nice nest
egg when I finally did decide to walk away, and make sure that our two daughters'
college education is taken care of. Then when I shuffle off this mortal coil everything
else is taken care of. So we've been pretty conservative about how we've placed
the money. There's some in money markets, a certain amount in stocks. It depends
on what our advisers say, and that changes from time to time. We move it around
a bit based on their advice and our own common sense. We're not risk takers. Bankrate:
Have there been any stocks over the years that have done especially well for you?
Don LaFontaine: I don't know.
I hate to sound so casual about this, but it really is not an area of major interest
to me. What interests me right now is that I know I have a certain amount of money,
that I'm liquid to a certain amount, and that if the bottom fell out I'd have
a cushion to fall back on. That was the directive I gave to the people who handle
the money. Over the next few years I want to accumulate a certain amount of dough,
and so far they're on track with that. Bankrate:
Were there any periods of your life where investments went awry? Don
LaFontaine: Oh, yeah. I had an accountant when I first came to Los Angeles
who later became a well-known crook. He mismanaged a lot of stuff. I learned very
rapidly from that to be very careful with whom and where I trust my money. That
was a real dangerous thing, because it put us in something like a three-quarter
of a million dollar hole that I had to dig myself out of. He was basically stealing,
and saying he was doing something that he wasn't doing, saying he was paying taxes.
I trusted him and signed the forms, but they weren't sent in. This was 15 years
ago. |