Beyond real estate, former NY Yankees slugger Alex Rodriguez isn't trying to do anything too fancy in his financial life and is staying away from cryptocurrency.

"I just don't have enough expertise in Bitcoin," he said.

Instead, his asset allocation is geared for the long-haul, with a prudent diversified strategy along with a few stock picks A-Rod stands by. After all, J.Lo has expensive taste.

"I am someone that likes just to play the long and steady game, long and slow," he said. "Some index funds work really well for me, like the S&P 500 index -- low fees, [and] it's proven that over time, that's going to do better than pretty much anything else. And then I have my three or four winners that I like and that I've been doing for a long time: Facebook (FB) , Google (GOOG) (GOOGL) , Amazon (AMZN) , and Berkshire Hathaway (BRK.A) (BRK.B) ."

Facebook and Alphabet are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB and GOOGL? Learn more now.

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