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KEVIN HORAN: 50, Realtor, New Port Richey
By Times Staff Writer
Published April 24, 2005
How did you get started in investing?
I'm a former stock broker. I started out in real speculative investments in the early 1980s. Penny stocks and stuff like that.
What is your best investment so far?
The (residential) real estate investments we do, by far.
What is your worst investment so far?
I would have to say in commodities - soy beans in 1993 when the market was real hot. I just didn't know when to get out.
What have you learned about investing that you think all investors should know?
I learned that value investing is very important - looking at companies that have value behind the numbers, that are not growth stocks, not flashes in the pan.
What do you find the most difficult about investing?
Years ago, one of the real famous guys wrote a book and said a monkey throwing darts could beat Wall Street knowledgeables. I found that to be true. You really have to be industrious and really do your homework.
How would you describe your approach to investing?
I'm extremely conservative now. For stocks, I look for companies that are in the top of their fields and are paying the dividends and that have been around for a long time.
How are you invested now?
About 30 percent in stocks, zero in bonds, probably 65 percent real estate and 5 percent cash.
Do you think now is a good time to invest?
There are many opportunities at any time. There are many great values out there in both real estate and stocks to invest in.
What is your goal for your investing?
I would like to be independently wealthy by the time I'm 55.
What is your biggest money concern right now?
How I'm going to make it to whatever exists of Medicare and Social Security at age 661/2.
Where do you get your investment tips?
I'm widely read. I have a couple of stock brokers. I keep my eye on many, many magazines and periodicals, and I go on the Internet.
[Last modified April 24, 2005, 01:02:20]
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