I got interested when I was a supermarket manager in the 1960s. I started reading the Wall Street Journal and Barron's and was self-taught. I started with $300 to $400. In the late '70s, I tried commodities.
Q. What is your best investment so far?
Real estate - residential property. In terms of stock, probably People's Bank of Connecticut. In 1989, I bought it for $7 to $8. Right now, it's paying more in dividends in a year than half my original cost. It's an ongoing long-term investment that's doing very well for me.
Q. What is your worst investment so far?
Commodity trading. I keep trying it. I'm always right but I'm always right too soon.
Q. What have you learned about investing that you think all investors should know?
Read Ben Graham's 1934 book on investing, Security Analysis: Principles and Technologies.
Q. How would you describe your approach to investing?
Less than conservative. I am willing to trade options.
Q. What do you find the most difficult about investing?
I have a tendency to over-trade. Sometimes money tends to burn a hole in my portfolio. The most difficult thing is disciplining myself.
Q. How are you invested now?
Roughly 15 percent in cash, 40 percent in stocks and the balance in real estate.
Q. Do you think now is a good time to invest?
It's always a good time to invest.
Q. Where do you get your investment tips?
I watch CNBC a lot and I read Money magazine, and I pay attention. I listen. I read the newspaper. I don't take "tips" from anybody.
