don mclean american pie other recordings of this song

MarketWatch: Sounds like you’ve made a lot of smart moves. Trust in New Jersey and I have a guy there who I’ve worked with for a long time, but I’ve been with U.S. MarketWatch: Do you have a financial team that you work with? I try to get, like, a 6% return if I can - 5 or 6%. Some of my money is still in corporates and some is now in preferred stocks and so I get a little protection against the market and also benefits from the market. Then, we hit 2008 and it was just a mess and I took everything I had out of governments and invested them all in corporate bonds.

Back in the ‘70s I had a lot of 5 and 6 and 7% governments and of course as rates came down I made money.

What I was trying to do was not lose the money that I had worked hard for. And of course taxes were very high in the 1970s - probably 70% or something like that. I’ve earned maybe $150 million in my career, and that’s not too bad. I’ll probably add to those as we go along. And I plan to hold those because they are the government, as far as I can see. Then your money’s doing something that is pleasant for you. 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.

Don mclean american pie other recordings of this song