Business: Wayne Rogers: From Actor To Super Investor

Wayne Rogers: From Actor To Super Investor

Written by Bill Knell

Wayne Rogers: From Actor To Super Investor

By Bill Knell

It took a tragedy not far removed from Wayne Rogers to wake him up when it came to money and how to handle it. According to an interview he gave to repparttar Financial Intelligence Report, Wayne had first met Peter Falk when repparttar 102883 two shared a room in New York City. Falk, an accomplished film, stage and television actor, later suffered a financial trauma not uncommon to many other celebrities. In repparttar 102884 1970s while both repparttar 102885 longtime friends were living and working in Hollywood, Peter Falk became a victim of fraud.

Falk lost around $250,000 to a crooked business manager and he wasn’t alone. Bad investments had claimed repparttar 102886 fortunes of many of Hollywood’s Elite. John Wayne almost went bankrupt due to bad investments. Bud Abbot of Abbot and Costello spent his last days dying of cancer and flat broke in Woodland Hills, California. Poor money management and a huge IRS bill claimed repparttar 102887 fortunes of both members of repparttar 102888 famous comedy team. Jackie Coogan earned over four million dollars as a child star in repparttar 102889 1920’s, but lost all his money to his mother and stepfather who had invested badly and wasted repparttar 102890 rest on a lavish lifestyle.

These lessons on how celebrities had handled their money were a wake up call to Wayne. He began looking into repparttar 102891 world of investing and started his financial empire by purchasing apartment buildings in foreclosure. Rogers started investing with a simple goal in mind. He wanted to hold on to his money and make it grow. He later moved on from real estate to stocks and bonds.

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