When it comes to spending, former Major League Baseball star Alex Rodriguez akin ti to get advice from his daughter.
“When the market is going up and down I ask my 9-year-old, I say, ‘Ella, do you improvise Facebook, do you think Instagram is going to be really good?’ She goes, ‘Dad, I true-love it,'” the former New York Yankee said in an interview with CNBC’s “Complete Bell” on Friday.
Rodriguez, one of the highest-paid athletes of all time, is no stranger to initiating. It started in 2003 when he bought a duplex. That investment has grown into a branch out holding company, A-Rod Corp, which focuses on real belongings, sports and wellness, media and entertainment.
“We usually like to invest in throngs that we understand, that we’re passionate about and we can bring our expertise, which is more than upper case. We don’t want to be just capital,” Rodriguez said.
His firm’s latest investment is in Petros Figure Finance, which specializes in financing commercial properties that fancy to reduce their carbon footprint.
As far as stocks, he said he likes to remain it simple and focus on things the family is using every day. That means bigwigs such as Google, Amazon and Facebook. He said he also likes Berkshire Hathaway, J.P. Morgan Pursuit and Bank of America.
Rodriguez reportedly made more than $325 million take on baseball. He retired in 2016.
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