Last weekend, rapper/actor/entrepreneur/finance whiz 50 Cent made close to $9 million in a day by tweeting about a penny stock of which he owned 30 million shares which caused his 3.8 million twitter followers to invest in the company and the stock value to rise 290%. I need to point out that I understand very little of that last sentence because I am a finance-illiterate fool who was once given three (yes three) separate copies of Suze Orman’s book “Young, Broke and Fabulous” on the same birthday by three different people (thanks for the hint, guys!).
Even I, someone who regularly hits single digits in her bank account and has never balanced a check book (people don’t really do that, right?) can see that 50 Cent is doing something right. My successful friends from college may have their “real jobs” with their “401k’s” and “retirement plans” but now I can tell my dad to quit worrying… I have Fiddy. In fact, I may just diversify my portfolio and start following Nas and Jay-Z!