BUSINESS

The Great One plays it safe with retirement funds, freezes out risky investments

10/01/2012 05:52 EDT | Updated 12/01/2012 05:12 EST
TORONTO - He may have been daring on the ice, but when it comes to money, even the Great One likes to play it safe.

Wayne Gretzky says he learned early on to live within his means and keep his nest egg secure — in the bank.

That means staying away from the stock market, something Gretzky admits he doesn't know anything about.

The hockey icon doled out financial advice this morning at an event meant to promote TD Waterhouse, the brokerage division of TD Bank Financial Group.

Despite hanging up his skates in 1999, Gretzky has parlayed his name into a money-making brand, thanks to deals with TD, Ford, Samsung and others.

The self-proclaimed "conservative" investor — who once owned a stake in the Phoenix Coyotes — is also involved with a variety of business interests carrying his name, including a winery and a Toronto-based restaurant.

"I just like to keep my money in the bank, I'm not a big risk-taker," he told a Toronto business audience Monday.

"I don't know anything about the stock market ... I stay away from things I don't know anything about."