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Money panel

DICK RIVETT: Private investigator, 60, Tampa

By Times Staff Writer
Published June 15, 2003

Q. How did you get started in investing?

I got started about 1994 and bought Microsoft.

Q. What is your best investment so far?

A stock called SeaView, a St. Petersburg company, which makes underwater cameras. I bought 1,000 shares for $1.16. In the same day, it went to $28 and I sold it.

Q. What is your worst investment so far?

McCloud, a telephone communication system. I bought it at $5 a share and it immediately went to 23 cents, then went bankrupt.

Q. What have you learned about investing you think others should know?

It's gambling, bottom line.

Q. How would you describe your approach to investing?

Pretty aggressive. I buy a stock like hell when it's down. Last year, I invested about $23,000.

Q. How are you invested now?

About 50 percent in mutual funds and 50 percent in individual stocks.

Q. What do you find the most difficult about investing?

Picking a winner.

Q. Do you think it's a good time to invest?

Yes. I just feel that some of the stocks I'm looking at are so low, they have to go up. If they do, I win. If they don't, gosh I'm in trouble.

Q. Do you have a goal for your investing?

I'll never be able to retire. I'd just like to live my lifestyle like I live now.

[Last modified June 15, 2003, 01:08:15]

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