Mila Kunis has started to invest in stocks. Mila Kunis showed up on CNBC on a Friday morning to discuss her recently discovered enthusiasm in stock trading & commodity investing, saying that she’s figuring out how to keep her money some place other than cash.
During an interview, Kunis was asked about her opinion on stocks and this was her reply,” I started investing in stocks recently, and it is a thing for me. “I’m a fan of putting things in the bank, and on a CD, to be safe. And I have decided to push myself forward to take risks and learn a thing or two about the stock market and companies.” Mila Kunis has chosen to invest in stocks.
Her words sparked a lot of energetic reaction on Twitter. Trader, consultants, Financial Acrobat, and tweeter of financial news, cautioned that it might be a contrarian signal. Some market experts feel the Black Swan actress might be walking into a trap because she has decided to invest in stocks at a dangerous time. They also say that at whatever point novices with a lot of big gains decided to invest in the stock market, it’s frequently a sign that could be a crash ahead. A stock market specialist John Kennedy, who made a fortune investing in stock market once said in the 1920s that when shoeshine boys were giving out some stock advice, then he knew that it was the right time to get out of the market.
The implication here is not that celebrities like Mila Kunis don’t know what they are doing. (What’s more, Kunis is obviously conversant regarding finance). Rather, it’s that they may not be wise in investing money. Individuals can be shrewd, excellent and savvy at their respective profession but then entirely foolish in the allocation of assets. It’s usually not safe when people go outside their comfort zone.
However, most of those who gave warnings and advice were not present at the interview. When Kunis was asked how she spends her money and what she does with it, she specified she’s exceptionally conservative and likes keeping it in the bank, but recently she decided to push herself to invest. And it seems like her financial adviser is giving her some good advice.
I see no reason why someone who has made a lot of achievement before retirement should be in all cash. It’s not as if Kunis is pretending to be a financial genius, she just wanted a new way to secure her money, and she’s made a couple of good trades.
Apart from Kunis, other celebrities expressed some exuberance overstocks. One of them is the 16year old who had been making some rounds on Financial TV emphasizing on the benefits of trading and stocks. The Desperate Housewives star is obviously successful in trading and she blogs about her opinion on individual stocks and market.
Looking at Fox, by her record, you will see she’s an accomplished trader. She has been investing in stocks for a few years while on the set. Through her blog, Fox on Stocks, she self-taught savant holds on how the stock market works. “For a very long time, most likely since I was eight years old, my mother had this finance book that she would frequently give my sister and I to read,” Fox revealed to Jeff Macke for Yahoo Finance’s Breakout. “A year ago I did 338 trades, and my revenue for that year was 30.4 percent, which is quite incredible,” she said.
Fox doesn’t make use technical and fundamental analysis, she just claims to have a vibe for stocks and can tell a good trade from a bad one. That got the contrarians going. A 16-year-old actress invests in stocks based on her feelings and afterward goes on TV to discuss it, the market should without a doubt be close to its end.