When singer-songwriter-dancer Jason Derulo talks investments, it's not about Wall Street. At least, not for now.

"Right now, I'm investing in only in things that are in my wheelhouse—clothing, fashion and real estate," he told TheStreet in an interview when asked about whether he owned stocks and followed Wall Street.  

Derulo was speaking at a Bloomingdale's (owned by Macy's Inc (M) ) in New York City at an event to launch a new clothing line coined LVL XIII, crafted by designer Antonio Brown, of which the singer is a spokesman.

The Miami-born entertainer, whose songs include Swalla, Want to Want Me and Whatcha Say, may have a net worth of $10 million, according to Celebrity Net Worth, but any extra isn't going into public companies.

He also said he's "cheap" and wouldn't buy Apple Inc.'s (AAPL) new iPhone X until the price slips from the reported $1,000 plus to $850.

Watch More with TheStreet :

 

More from Video

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Video: General Electric Shares Slump Amid Weakness in Power Division

Video: General Electric Shares Slump Amid Weakness in Power Division

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?