I've been seeing some posts about a website that shows what stocks celebrities are holding. It looks interesting enough, but my gut feeling is that its absolutely a waste of time.
For 1. Celebrities have a lot more money they can invest, so riskier decisions and also more money to throw in for inflated gains. My 500 dollars wouldnt have nearly the effect of their 500k.
And for 2. My personal opinion is that just because they are celebrities doesnt mean they know anything about investing. I still see a lot of people swear by it and treat it as law.
What are your thoughts on this? Are there any celebrities or politicians that you would be interested in checking up on? Would it be a viable source to find stocks to do your own DD on? Or would you just stay away from it in general?
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