The Question: With the recent passion the American public seems to have with the stock market and investing, what investment advice do you follow?
Peter Noone, of Rock and Roll Legend of Herman's Hermits
My investment advice is this...
If you want to remain healthy, alert, and working when you are a decrepit old rock tart like Mick Jagger, then you should listen to advice from people who tell you how to not pay taxes on your income like everyone else. If you want to be boring, and live in a chateau in the south of France with Swedish girls giving you a massage during hors d'oeuvres, then pay taxes and if you have any money left to invest, then invest it in companies that have healthy, alert, and decrepit old tarts at the helm.
Having to work will keep you very healthy too, because you will not be able to work if you are sick. I think I mean you should invest in your health, but I am a child of the 60s and my brain is a rock tart.
Bill Leverty of Firehouse
I try to invest in what I know most about which is music and recording. Other than that, I don't know much besides the old adage, "Buy low, sell high!!"
Kimberla Lawson Roby, Author
To be very conservative in terms of stocks in general in 2000, but to work hard towards building up a Roth IRA account, since it utilizes after-tax dollars.
Von Babasin, Bassist in ONOFFON
If I ever make any money playing music - I'll invest it.
Katherine Neville, Author
I helped install some of the early systems for the New York Stock Exchange, and I have invested since I was very young. In today's market, I would advise buying bonds rather than stocks, and only investing in stocks whatever you can afford to lose. I would not advise buying on margin at all. I am extremely conservative, but I have never lost money on any of my investments, and over the long haul, I have reaped far more than any of my brokers!
Mary Clare Griffin, Author of Language Lessons
Stay in for the long haul. Don't play the market. That game is over. Prepare to take some short-term hits, but think long-term investment over short-term gain.
Kin Eagle, Children's Author
Go for the long term.
David Wilson of "This is My Blood"
I would be a poor person to consult on Stock Market options, but I invest in other ways. For instance, the wonderful world of junk -- and Ebay -- have convinced me that the age-old adage "Buy low, sell high" is still the best and only valid advice for investors.
Lisa Shaw-Brawley, Author of Only When I Sleep
My husband does all of the reading to watch the market and we also have a terrific broker. Not to mention a father-in-law who has learned the market like the back of his hand since retiring. I think it's best to gather all of your resources and listen to what others have to say, particularly if they are people you trust who have a portfolio worth trying to emulate. Being young, it's easier to invest aggressively and know that it will be there when we need it.
Shane Inwood of Tripod Jimmy
Don't play for free.
Paxton, musician, singer/songwriter
I am lucky enough to have the advice one of the most respected investment bankers in the business. His advice on buying stock is quite simple: "Never buy stock that isn't worth more than you are paying for it and never invest in an overseas market area in which you would not feel safe vacationing..."
Cat Hall from the band Dissonance
I don't know much about the stock market, but I do have several aggressive mutual funds which I don't touch. I just leave them be, rise or fall, and it seems that in general, they have been rising pretty steadily. The only other stock I've got right now is Texas instruments- they're booming this year.
Fran Capo, world's fastest talking woman
Personally, I just invest in mutual funds. I have done well with them and I trust my investor.
Jon Natchez of Skavoovie
There's only one piece of financial advice I've ever heard. And it's the same advice, I'm told, that all financial advisors give to their musician clients: "GET A JOB!"
Until then, I've heard that lottery tickets offer a large return on minimal investment.
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