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Wayne first say the need to invest his own money while appearing as Army Captain "Trapper John" McIntyre in M*A*S*H*, the hit CBS Television Series. He watched as many of his fellow Actors fell victim to unscrupulous Financial Planners, Managers and Handlers. Not only did Rogers secure his own financial future, but he managed to help longtime friend and actor Peter Falk recover from being victimized by a Manager who embezzled a large portion of his money. Learn more about Wayne below the Picks and PLEASE READ our Disclaimer before investing. |
Here's what WAYNE SAYS for this week:
QUESTION: 401k Debit Cards: Will They Bankrupt You and America?
Wayne says: "It is called a 401k savings plan, not a spending plan. This is crazy. You are going to let them spend their retirement. There was a time in this country when thriftiness outweighed virtue. Now consumption is a virtue. You have to consume and buy things. This is crazy."
Best Bets: Safe Stocks
Best Stock Bet for this week from Wayne:
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April 7, 1933: Wayne Rogers is born in Birmingham, Alabama.
More about Wayne Rogers: A Time Line
June 1954: Graduates from Princeton University with a degree in history.
1954: Joins the Navy where he is a navigator aboard the U.S.S. Denebola, a converted Liberty ship.
1960: Marries his first wife.
1967: Plays a gambler in Cool Hand Luke, starring Paul Newman.
1975: Rogers leaves M*A*S*H after its third season, reportedly because he felt there was a lack of development for the character of Trapper John and because of contract disputes.
1979: He divorces his first wife.
1988: He marries Amy Hirsh.
2003: Begins appearing on Fox News as a financial advisor from his firm, Wayne Rogers & Company. Continues to appear on a regular basis on the Fox News Saturday financial program, "Cashin' In."
If Wayne Rogers was not an actor, he would probably be running the world, president of Harvard, head of the World Bank or something of that nature. Most people know him from his days as "Trapper John" on the hit TV show "M*A*S*H. But, a former naval navigator with a history degree from Princeton, Rogers is as well-versed in quantum physics as he is in the ways of Hollywood. Perhaps his greatest talents lie in the world of finance, however. He is a co-chairman and co-CEO of Swifty Serve, the nation's largest privately held convenience store chain with 500 stores; the Broadway producer of such hits as "Rent;" the owner of several banks; a vineyard owner; and a player in the bridal business. He also has advised many top financiers and appeared as an expert witness before the House Banking Committee. - BankRate.com
Born April 7, 1933 in Birmingham, AL
Wayne Rogers's second tour of duty in the military -- as Trapper John on Twentieth Television's classic series M*A*S*H -- was far more successful than his first.
After graduating from Princeton University as a history major in 1954, the Birmingham, Alabama native joined the Navy. He was a navigator aboard the U.S.S. Denebola, a converted Liberty ship, when he first thought of giving up the sea for acting.
The ship was in drydock at Redhook, Brooklyn when Rogers visited a director friend at the rehearsal of his play. The sailor was hooked, and after nearly three years in the Navy, Rogers resigned his commission and joined New York's Neighborhood Playhouse. During the next two years he studied acting with Sandy Meisner, and dancing with Martha Graham.
Off-Broadway assignments provided Rogers with a variety of roles, including parts in One More Day, Bibi Finstermaker and Chaparral, with Gene Hackman and Rip Torn. When he obtained a regular role in the daily serial Edge of Night, Rogers gained both fame and fortune.
In Chicago, he starred on stage in Teahouse of the August Moon and Bus Stop. Rogers has been in roadshow productions of Under the Yum-Yum Tree, No Time for Sergeants and Misalliance.
Visiting Los Angeles one summer, Rogers landed a co-starring role opposite William Bendix in the Stagecoach West series. His debut on the silver screen was in Robert Wise's Odds Against Tomorrow. Rogers tells the story that Wise originally turned him down because he did not like the actor's photograph. Thanks to a persistent agent, Rogers was allowed to read. Wise's response to the audition: "You've got the part but I still don't like your picture."
Rogers's film career has been extensive, and includes such pictures as Cool Hand Luke, Chamber of Horrors, W.U.S.A., Pocket Money and French Kiss. In 1980, he garnered critical praise for his leading role in Once in Paris.
The busy actor appeared in many TV series, including Playhouse 90, Camera Three, Lamp Unto My Feet, Lancer, Barnaby Jones, Merv Griffin, F.B.I. and Cannon. After leaving M*A*S*H, Rogers again played a doctor in CBS's House Calls.
Rogers starred in a number of telefilms, such as The Girl Who Spelled Freedom, He's Fired, She's Hired, Lady From Yesterday, I Dream of Jeannie, 15 Years Later, and Miracle Landing.
Rogers left M*A*S*H because he felt his part was getting smaller. In The Complete Book of M*A*S*H, Rogers discussed how he wanted a chance to explore the character of Trapper more in the show. He left after the third season because he felt that Trapper wasn't developing at all in the scripts.
Not only is Rogers well-respected as an actor, but also as a businessman. His interests have ranged from managing business affairs of actors such as Peter Falk and James Caan to building condos; from raising thouroughbreds to running a vineyard.
Rogers has had many investments, including Kleinfeld, a bridal store chain in the New York City area, and Swifty Serve Corp., a large convenience store chain. He can sometimes be seen on Fox News Channel as a financial expert.
When not in front of the camera or running his empire, Rogers plays basketball and tennis, and reads voraciously. The Hollywood scene holds little interest for Wayne Rogers, who said, "Somebody once told me I shouldn't try to change Hollywood. That isn't my point at all. I don't want Hollywood to change me."
Market Events 08:00 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: +4.3. Nasdaq futures vs fair value: +9.6. A sense of optimism is currently indicated in premarket trading. Lowe's (LOW) posted better-than-expected earnings per share results for its second fiscal quarter. The company, however, issued a mixed outlook for its third quarter and the fiscal year. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0. 06:14 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: -0.8. Nasdaq futures vs fair value: +1.6. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0. 06:14 ET Dow , Nasdaq , S&P : [BRIEFING.COM] Nikkei...13165.45...+146.04...+1.1%. Hang Seng...20930.67...-229.91...-1.1%. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0.
| Indexes | Dow | 11,659.90 | +43.97 | Nasdaq | 2,452.52 | unch | S&P | 1,298.20 | unch | 10-Yr Note | 101.28 | unch |
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| Market Internals Data | ||
|---|---|---|
| Issues | NYSE | Nasdaq |
| Advancing | ||
| Declining | ||
| Unchanged | 107 | 148 |
| Total | 107 | 148 |
| Ratio | ||
| Adv. / Dec. | 0.00 | 0.00 |
Lessons from Warren Buffett:
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
It took a tragedy not far removed from Wayne Rogers to wake him up when it came to money and how to handle it. According to an interview he gave to the Financial Intelligence Report, Wayne had first met Peter Falk when the two shared a room in New York City. Falk, an accomplished film, stage and television actor, later suffered a financial trauma not uncommon to many other celebrities.
In the 1970s while both the longtime friends were living and working in Hollywood, Peter Falk became a victim of fraud. Falk lost around $250,000 to a crooked business manager and he wasn’t alone. Bad investments had claimed the fortunes of many of Hollywood’s Elite.
John Wayne almost went bankrupt due to bad investments. Bud Abbot of Abbot and Costello spent his last days dying of cancer and flat broke in Woodland Hills, California. Poor money management and a huge IRS bill claimed the fortunes of both members of the famous comedy team. Jackie Coogan earned over four million dollars as a child star in the 1920’s, but lost all his money to his mother and stepfather who had invested badly and wasted the rest on a lavish lifestyle.
These lessons on how celebrities had handled their money were a wake up call to Wayne. He began looking into the world of investing and started his financial empire by purchasing apartment buildings in foreclosure. Rogers started investing with a simple goal in mind. He wanted to hold on to his money and make it grow. He later moved on from real estate to stocks and bonds.
Wayne Rogers has had a distinguished acting career having appeared in films like Cool Hand Luke and Ghosts of Mississippi, as well as having played the unstoppable Capt. John Francis Xavier 'Trapper John' McIntyre in M*A*S*H from 1972-1975. He still makes movies and appears on television, but he has also become a superstar in another genre. Rogers has become a force to be reckoned with among the elite of super investors.
Wayne Rogers can frequently be seen on Fox News giving investment advice that people are eager to follow. He prefers mutual funds because they limit risk, but also likes commodities. Like many investors, he watches the state of the economy and the performance of individual companies. When it comes to choosing stocks, Rogers prefers many and says that company earnings are the key to deciding which to buy because they drive stock prices.
Charismatic, well-spoken and funny, Wayne Rogers has succeeded in two of the world’s most difficult professions: Acting and Investing. The lesson he teaches us is a simple one based on his original investing goal: Hold on to your money and make it grow!
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