THEY have the money and they know how to splurge. But these celebrities are smart enough not to splurge on material things that could later represent a fragile—and to some extent—broken career.
Personal finance expert Salve Duplito summarizes it best, “We have seen too many celebrities who messed up their financial lives. Of course, these are also powerful lessons to the masses, but who wants to hear horror stories all the time? An inspiring one is equally powerful with a bit more instructional value.”
Actor Richard Yap, comedienne Giselle Sanchez and television host and basketball star Chris Tiu not only have star powers today, they also have good heads on their shoulders as they make sure their future will be financially comfortable. They all have investments in the stock market, a risky but rewarding option—much like the business they are in now.
Tiu and ‘blue-chip stocks’
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“I’ve been investing in the stock market since I was in college, around 10 years already… I do not closely monitor individual stocks but just the general market since I have medium- to long-term horizon anyway and I invest mostly in blue-chip stocks. I receive daily reports but I just go through it briefly to get a general idea of individual companies and the entire market,” said Tiu, who also has investments in other capital-heavy businesses such as Happy Lemon and Eric Kayser Philippines.
He did not disclose how much money he put aside for investment in stocks. “Let’s say around 5 percent of my entire investment portfolio goes to the local stock exchange and another 5 percent in US markets. The rest would be in real estate, bonds and businesses.”
