By Times staff writer
Q. How did you get started investing?
I've been messing with it for quite some time. I started in the 1990s. I just went down, talked to a broker and told him I wanted to invest some money. I never did well with him.
Q. What has been your best investment so far?
A variable annuity. I bought it in the summer of 1999. I did well with it for a while.
Q. What has been your worst investment so far?
I had some Janus funds in a Jackson National variable annuity. I didn't get out in time to stop from losing money. Then when things are bad, there's nothing to choose from.
Q. What have you learned about investing?
I've learned, at my age, to be very careful. I'm not a well-to-do person. I don't want to chase hot rainbows -- although there are not any right now anyway.
Q. How do you describe your approach to investing?
Conservative and cautious and trying to preserve what I do have but not run out of money.
Q. How are you invested now?
I have a variable annuity that I'm hanging on to waiting for the penalty to go down. Forty percent (of my portfolio) is in variable annuity, one-third in a CD and one-third in a money market.
Q. Is this a good time to invest?
No, I'm afraid. I'm not going to do anything to invest in any market until I see it has some stability to it. Right now, I'm not making much.
Q. Do you have a goal for your investments?
I want to do a little traveling, but I don't want to be pressed to have to do much work if I don't want to. And I don't want to run out of money. I want to have a portion of my money growing.
Q. Where do you get your investment tips?
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