‘American pie’ singer don mclean has made $150 million in his career — here’s how he’s invested it – marketwatch electricity inside human body


He’s curious about the markets and at one point in the interview said, “I want to ask you something. In a relatively short time gas and electric nyc, the stock market has gone from like 18000 to 25000. 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. Everything was slow and steady. Government bonds under President Carter, if you went out 30 years you could get gas monkey monster truck driver like 20%! Do you remember that? Imagine getting 20%, locking that in for 30 years? I’d do that in a minute.”

Don 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. Then your money’s doing something that is pleasant for you. It’s not just a number.

, and that’s all. And I plan to hold those because they gas finder mn are the government, as far as I can see. I’ll probably add to those as we go along. I’ve earned maybe $150 million in my career, and that’s not too bad. And of course taxes were very high in the 1970s — probably 70% or something like that. What I was trying to do was not lose the money that I had worked electricity and magnetism review sheet hard for. 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. 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. Really good gas utility boston companies. And that paid off like crazy. 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. And that’s worked nicely. I try to get, like, a 6% return if I can — 5 or 6%. That’s enough for me.

McLean: You know it’s just: slow and steady. That’s how I like it. I bought some properties — at one point I had four homes. I sold one and I’m going to sell grade 9 electricity formulas another and then I’ll have two — one on each coast, that are just incomparable, so I will never sell them. And they’ve gone up a lot. I don’t lend money, and I don’t borrow money. That’s another thing. I don’t have any debts.

I’ll tell you a quick story. I knew Erik when I was 16 years old. We became friends on the telephone. And he was very famous because he had the song “Walk Right In” with The Rooftop Singers. And he was kind enough to have me play guitar with him. I took the train in from New Rochelle, hung out with him grade 9 electricity questions and played. And I saw this banjo that I knew he used when he was in The Weavers. He said, ‘why don’t you take it home?’ I said, ‘oh wow,’ and brought it home and took it apart and cleaned it and loved on it and played it. He didn’t ask for it back, but finally I offered to bring it back to him. He later sold it. Then many, many, many years passed electricity production by source, and all of a sudden the banjo came up for sale, and so I bought it immediately. It’s one of my most prized possessions.

McLean: I have people who know what I want. Then I just get my bookkeeper to get the funds gas stoichiometry practice sheet where they need to go. I’m very minimal. Nobody works for me. I take care of everything. I don’t have any assistants. I don’t want people telling me what I told them. It’s like what W.C. Fields said, ‘I don’t care what I told you, you do what I tell you.’ (laughs). I’d be saying that all the time.

McLean: No. I like to learn things. I don’t like people telling me about things if I can learn what they know. That’s the problem with being a star or a celebrity or a person with a few bucks electricity schoolhouse rock. You end up being mollycoddled and you don’t know shit. I’ve known stars, artists who literally were made so dependent on a few people, they didn’t know what to do without them. I don’t like that gas in dogs stomach. I’m a very independent lone wolf type of guy. On music

McLean: That would be from publishing money and performing money. Add it all up and it was something like that. And you can imagine, you have all these expenses, and all these people taking percentages and then you have 70% income tax back in the ‘70s. So you were lucky if you ended up with 15%. So if you made a million bucks, and were lucky to do that in 1971, you’d be lucky if you ended up with around $100,000. I was so happy. I made a huge o gastronomico amount of money for that time and I bought a house for $65,000 and had it for almost 30 years. For me, that was it, I could pay the taxes, I had a roof over my head. I had very limited goals.