Michael Douglas' investing blues

The actor who played Gordon Gekko said he got burned badly in the 2008 market crash.

By Kim Peterson Apr 7, 2010 2:59PM
Michael Douglas (© AP Photo/Carolyn Kaster)Even Gordon Gekko can't make it in this market.

Michael Douglas, who played the ruthless trader in the film "Wall Street," said he sold his stocks at the end of last year, according to The Sun.

The actor said he lost 35% to 40% of his net worth in the 2008 crash. "At the end of last year, I took a whole bunch out," he said, according to The Sun.

That experience, however, didn't stop Douglas from stepping back into character for "Wall Street: Money Never Sleeps." The film is the sequel to the 1987 film, and reportedly checks back in with Gekko after he did time for insider trading.

Here's the trailer (blog post continues below):
Sounds like the original "Wall Street" did inspire Douglas to hit the market, however. He said he invested in stocks years ago, through the tech booms. But now, he might be a little more cautious.

Maybe he should get some investing advice from Shia LaBeouf, his 23-year-old co-star in "Money Never Sleeps." LaBeouf claims that he put $20,000 into an online trading account with Charles Schwab and turned it into $380,000 in a matter of months.



Related reading:

Shia LaBeouf's stock picks

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