Lorraine Bracco Sticks to Real Estate

NEW YORK (AP) _ Lorraine Bracco keeps a simple strategy when it comes in investing: She sticks to real estate. <br/><br/>Bracco said she has never bought a stock in her life and doesn't understand

Tuesday, December 27th 2005, 10:45 am

By: News On 6

NEW YORK (AP) _ Lorraine Bracco keeps a simple strategy when it comes in investing: She sticks to real estate.

Bracco said she has never bought a stock in her life and doesn't understand it. But real estate ``is like porn for me.''

``Listen, if I am going to get in a cab to go home, and I see a sign for an open house, I will go in. I like real estate because I am the boss,'' she said in Sunday's New York Times.

Bracco filed for bankruptcy in 1999, the same year of the debut of ``The Sopranos.''

``It was horrifying and embarrassing: getting foreclosure notices; lawyers knocking on your door wanting their money and no work to be found,'' she recalled.

Since then, Bracco said, she has paid off much of her $2 million in debt as well as nearly $500,000 in back taxes.

``I owe my last $50,000 to the bankruptcy lawyers,'' she said, adding that the show has given her financial security.