Celebrity Money Tip: Alt Likes Real Estate

Last night The Celebrity Apprentice (GE) contestant and supermodel/actress Carol Alt got fired by the Donald. But she’s doing just fine. As she told MainStreet at the premier for the movie Miss Pettigrew Lives for a Day, she knows a thing or five about growing her hard earned cash. Looks may fade (one day-and not for Alt, of course) but real estate values apparently don’t…:

MAINSTREET: What kind of investments in the stock market do you make these days?

CAROL ALT, CELEBRITY APPRENTICE CONTESTANTANT AND SUPERMODEL/ACTRESS: “I never invest like that now. I learned don’t go into stocks and don’t listen to stockbrokers. I lost too much money in stocks in the 90s when it was the first Bush in the White House. I changed with the second Bush, I went all into bonds. I don’t want to do anything too crazy. I just want to keep what I got. I’ve always found that our best investments have been our homes. I’ve got my apartment in New York City. I bought it at one price and it has tripled. I’ve got a farmhouse in the country at one price and now it is over five times what I paid. I paid 200 something and it’s in the millions. And it’s useful too. I live in my apartment and its going up in price. Even if there is a dip right now, ultimately even with the dips I’ve made money on my apartment. I’m a long-term investor. I’m a safe investor and I love anything tax-free!”