Meet Rachel Fox. The 16 year-old actress has shared the big screen with Daniel Craig in Dream House and Eva Langoria on TV's Desperate Housewives and she's a very active trader. In her charming interview on CNBC last week, we learn that the young actress made 328 trades in 2012 with a 34 percent return on the year. Not too shabby, when you consider the terrible time most hedge funds had last year.
New York Magazine caught up with the thespian/trader and found her ambitious and disciplined. She doesn't have a Bloomberg terminal but uses Scottrade as her platform. "Well, I don't like trading stocks that are very news-dependent. I trade on the technical analysis of stocks," she says.
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This isn't the first time celebrities have dipped a toe in the markets -- often with varying results. MASH's original Trapper John (the TV show, that is) Wayne Rogers has made a killing on real estate ventures and often appeared on Fox Business News. Hip-hop great 50 Cent came very close to gaming charges when he promoted some penny stocks he owned on Twitter in 2010. (As the saying goes, "Don't hate the playa, hate the gaming.")
When asked if she'd start a hedge fund, Fox sounds rather level-headed despite her youth. "Maybe I'll start a hedge fund," she tells New York Magazine. "I'd have to let people know the extreme risk they’d be taking, though."
Watch Fox's CNBC interview here:
Phil Albinus is editor of FierceFinanceIT, a bi-weekly newsletter for financial CIOs and CTOs. He can be reached at email@example.com.