Mila Kunis has discovered stocks, but market experts think the Black Swan actress could be walking into a trap.
The actress made an appearance on CNBC on Friday morning to talk about her newfound interest in investing, saying that she’s learning to keep her money somewhere other than cash.
“I just started investing in stocks, which is new for me,” Kunis said about her introduction to the stock market. “I’m an advocate of like put things in the bank, put it in a CD, be safe. And I’ve been pushed kind of forward to take chances and then learning a little bit about the stock market and companies.”
But Mila Kunis may have discovered the stock market at a dangerous time, experts say. They say that whenever amateurs start making moves in the market after a run-up of big gains, it’s usually a sign that a crash is ahead. Joseph Kennedy, who earned a fortune off stock market speculation, once said in the 920s that he knew it was time to get out of the market when shoeshine boys were giving out stock tips.
Kennedy was lucky — he was able to avoid the brunt of the 1929 stock market crash that led to the Great Depression. If his wisdom was true, Kunis’ introduction to the market should also be her exit. Last summer, Kim Kardashian tweeted a suggestion to buy Apple stock.
Kardashian wrote: “Wow RT @sheerazhasan: Apple Becomes the Most Valuable Company in History”
Financial Acrobat, a trader who breaks financial news of Twitter, saw Mila Kunis and her interest in the stock market as a bad sign.
“When people like @FoxonStocks and @RealMilaKunis start talking stocks, we are normally at the very end of a bull market.”
The market certainly is bullish. The Dow Jones reached an all-time high, and the S&P 500 is very close to its all-time record as well. Whether the market is headed for a crash or not, Mila Kunis certainly found a good time discover stocks.