MarketWatch: What’s the best financial advice you’ve been given?ĭon McLean: A guy named James Benenson Jr., who was a very wealthy man and was once my business agent, told me, ‘Don’t ever invest in anything that you don’t like and understand.’ If you enjoy it and understand it and analytically it is a good investment, that’s a great thing. Read on to hear more from the man who wrote an anthem that represented a whole generation. Government bonds under President Carter, if you went out 30 years you could get like 20%! Do you remember that? Imagine getting 20%, locking that in for 30 years? I’d do that in a minute.” Don’t people think that’s a little strange? It’s shocking.” He then said: “When I grew up, gold was $35 an ounce and pegged to the dollar. In a relatively short time, the stock market has gone from like 18000 to 25000. He’s curious about the markets and at one point in the interview said, “I want to ask you something. I’ve known stars who literally were made so dependent on a few people, they didn’t know what to do without them.” ” You end up being mollycoddled and you don’t know shit. ““That’s the problem with being a star or a person with a few bucks.
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