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Financial Literacy - Financial tuneup
SPOTLIGHT
Celebrities discuss money and investing
Some can handle money well; others admit ignorance and hire professionals. All share their lessons.
Investment tuneup
 
 Celebrities:
Michael Feinstein
Judge Alex Ferrer
W.E.B. Griffin
Carl Hiassen
Don LaFontaine
Lisa Lampanelli
 More celebrities...
Celebrity Q&A
Who: Russell Simmons
Notable:
Hip-hop entrepreneur, author ("Do You!")
Fame & Fortune Q&A:
Bankrate: How have you invested your money?
Russell Simmons: I'll take risks when it comes to new ventures, because I'm comfortable banking on myself. But when it comes to my actual investment portfolio, I play it very close to the vest. The plan laid out by my friend and adviser Tracy Maitland isn't designed to make me any richer, but to protect the little bit of wealth I have. Specifically, I've put most of my holds in AAA convertible bonds, which are a pretty safe choice. They may not be as fruitful as real estate or stocks, but at least I know they're not going to lose any money. That's my personal philosophy.
Lesson learned: 
Take risks with your work but not your money.
 << Previous | Next >> 
 
  What's your secret to success with investing?
Or, are you struggling? Share your story.
-- Posted: June 10, 2009
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