Invest Like a Celebrity (If You Dare)
Celebrities are known for their trendsetting abilities. From Kylie Kardashian’s full lips to Johnny Depp’s eyeliner and scarves, star style has inspired the masses for decades. If you change your style each time a new Beyoncé video drops, you may be interested in another area of famous choices as well: the celebrity investment portfolio.
Celebrities have a fair amount of dough at their disposal, and many know that a smart way to grow their nest egg is to invest wisely in a variety of stocks. As touted by financial rock star Warren Buffet, low-cost index funds are the way to grow. These funds constitute the ups and downs of groups of major American companies. When you invest in a low-cost index fund, you are investing in a range of companies without paying a lot of operation fees.
To explore some choice funds, let’s take a peek at the imagined investment picks of today’s entertainment luminaries:
Gwyneth Paltrow: Fidelity MSCI Health Care Index ETF (FHLC)
Gwen is a health fanatic, as evidenced by her notorious blog Goop, and whether you believe in her sometimes out there ideas, you can’t deny she supports well-being of the body and mind. Her health nut tendencies would lead her to the healthcare-focused fund Fidelity MSCI Health Care Index ETF (FHLC), which includes many companies in healthcare, from Johnson & Johnson to UnitedHealth Group Inc.
Harrison Ford: Vanguard Total Bond Market ETF (BND)
Harrison is everyone’s favorite grouchy grandpa, and his cantankerous view of the world might lead him to some safe bets in investments. Luckily for him, and all other cautious financiers, Vanguard Total Bond Market ETF (BND) is the perfect low-risk choice. Made up of bonds, exclusively, this fund typically provides reliable income over a long period of time.
The Kardashians: Schwab U.S. Dividend Equity ETF (SCHD)
The Kardashians, social media royalty, are clearly glued to their phones. Whether they’re uploading selfies to Instagram, using Kim’s questionable emojis, or snapchatting wobbly videos of each other, this famous-for-being-famous family relies on technology to keep the world up to date. Because of their close relationships to phones, the Kardashians would surely want to buy into Schwab U.S. Dividend Equity ETF (SCHD), which holds Verizon Communications Inc, as well as other big hitters (Pfizer, Exxon Mobile).
Oprah: Vanguard S&P 500 ETF (VOO)
Oprah built her empire with hard work, intelligence and a bit of risk. (Heck, I wish she sold stock in herself!). These same smarts and spirit would lead one of the most influential entertainers to Vanguard S&P 500 ETF (VOO), the classic low-cost fund. Hitting all the high notes with companies like Apple, Coca Cola, and Walt Disney, this fund is as quintessentially American as Oprah herself.
Whether your tastes turn to the environmental, technological or pharmaceutical, low-cost funds have something to offer. Think like a celebrity, or for yourself, and explore this exciting part of investing!
Opinions belong to contributing authors, not to Float, Inc. or Float Credit, Inc. Please consult your financial adviser or investment adviser regarding your individual financial and investment decisions. This blog is intended for educational purposes only and should not be construed as investment or tax recommendations.