Mila Kunis is now Investing – Joseph Kennedy Warned About Stock Market Speculation and Amateurs
Mila Kunis is now investing in stocks but stock market experts think she could be walking into a trap. The actress was on CNBC talking about her newfound interest in investing, saying that she’s learning to keep her money somewhere other than cash.
“I just started investing in stocks, which is new for me” — “I’m an advocate of like put things in the bank, put it in a CD, be safe. And I’ve been pushed kind of forward to take chances and then learning a little bit about the stock market and companies” — Kunis said.
Whenever amateurs start making moves in the market after a run-up of big gains, it’s usually a sign that a crash is ahead. Joseph Kennedy, who earned a fortune off stock market speculation, once said in the 1920s that he knew it was time to get out of the market when shoeshine boys were giving out stock tips.
Kennedy was lucky — he was able to avoid the worst of the 1929 stock market crash that ushered in the Great Depression. If his wisdom holds true, Kunis’ introduction to the stock market should also be her last. Last summer, even Kim Kardashian tweeted a suggestion to buy Apple stock (Ticker Symbol: AAPL) — we all know how Apple stock has performed since then, after Apple’s 52-week closing high of $705.07 was reached, the stock has fallen to $442.66 as of March 28, 2013 — down $262.41 per share or 37.2%.
The Dow Jones Industrial Average reached an all-time high along with the S&P 500 reaching an all-time record as well — whether the stock market is headed for a 2013 stock market crash is to be seen.