Shia LaBeouf, 'Wall Street 2' Star: I Turned $20K Into $380k Investing In Stocks

walletpop.com:

CANNES -- If you want to play the stock market like Shia LaBeouf, then prepare to zig when the others zag.

"I made most of my money by contrarian investing," the actor said when queried by WalletPop at the Cannes Film Festival this week. "Nobody was putting money into financials, then financials exploded."

Read the whole story: walletpop.com

Comments

[Giac Belli]

10:02 PM on 05/18/2010

lol really? i mean REALLY?

[CanHandleTheTruth]

05:56 PM on 05/18/2010

Regardless of his supposed paper returns -- no doubt thanks to tons of star-struck wall street sycophants who 'advised' Loeb & Stone on the sequel -- he was still poorly miscast Wall Street II.

[IDIOTA]

05:39 PM on 05/18/2010

I like this guy.

[pauldeba]

03:04 PM on 05/18/2010

"Nobody was putting money into financials, then financials exploded."

If this is the extent of his investment strategy, he is a buffoon. A lucky one. Financials "exploded" because the government provided them guaranteed liquidity when they were all completely bankrupt, at least on a solvency basis. This was a smart move for those of us who gambled "The Government will not let every bank go bankrupt", but if you simply thought they were undervalued, you completely missed the whole analysis and were very lucky to make money.

[Cleo Creech]

07:34 AM on 05/18/2010

Something sounds fishy here. Probably just Hollywood BS and hype. If his WS advisors were really helping him turn $20,000 into $380,000 (say even in 1 year) that's a 19X return, that's unheard of. If that was true though and they were doing that (assumingly) for all their clients, 1) they'd be on the covers of every financial magazine, and 2) certainly would never have been laid off.

The first movie was definitely a product of it's time. I'm interesting in seeing just how they present that whole "greed is good" message in these times.

[iceage7]

03:56 AM on 05/18/2010

Key to investing...Invest in stocks that will be around for 50 years..When the market tanks thats when u put all your marbles in stocks that are a no brainer..Do it the buffet way...

[LMPE]

11:17 PM on 05/17/2010

I'm paranoid about investing.

Although I gotta say, Shia LeBoeuf is lucky to get to be with Carey Mulligan.

[3dtrix]

10:13 PM on 05/17/2010

Ever since John Wayne made his foreign policy opinions well known (he was an expert, since he played soldiers so many times) I get all my important guidance from celebrities. On the other hand - I get all my information about celebrities from people who never met them...

[whatshappeningtoUSA]

08:54 PM on 05/17/2010

I'd rather hear why he's so successful in his career.

[raven119]

05:52 PM on 05/17/2010

I put my money in "safe" investments and will now be working well past retirement age. Next time I want to put money in the market, I'll just flush down the toilet.

But so glad the kid made a killing in the market. What is he...like 12-years-old? Brilliant.

[pokeyoakey]

05:40 PM on 05/17/2010

Who cares?

[2CLEVER]

05:34 PM on 05/17/2010

yea im sure

[RickshawJohnson]

03:21 PM on 05/17/2010

So in other words, you had no idea what you were doing and you got lucky. Congratulations.