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Money panel

Kim Helseth, 68, retired, Dade City

By FRED W. WRIGHT JR.
Published July 23, 2006

The Times Money Panel is composed of more than 500 readers who have signed up to share their opinions on making, saving and spending money.

How did you get started in investing?

It was with a 401(k) at my first firm, General Mills, probably 1969.

What is your best investment?

I'd say the houses I built. I built my home in Minnesota and here in Florida. It took us three years to build. The 401(k)s were also quite good.

What is your worst investment?

Compared to their peers, I fired two - two tech funds, one a Roth IRA and one in a 401(k). I was disappointed with their performance over 2 years. Got out of both of them.

What have you learned about investing that you think all investors should know?

I've sort of learned patience. I don't want to get into stocks directly. I don't want to have to watch them every single day.

How would you describe your approach?

The same way as when I was building a house. If I didn't know how to do something, I would get a book from the library, read it and do it, or I would talk to someone at Home Depot about how to do it and then do it. I have persistence. If I don't get it right the first day, I come back the second day.

What do you find the most difficult?

I expected to invest directly into stocks when I retired, but I enjoy spoiling my grandchildren so much, I'd rather spend the time that way than managing my investments.

How are you invested?

Over 50 percent in 401(k)s, real estate is maybe 30-40 percent, 10-20 percent in collectibles and personal property.

Have you made any changes in your investments in the past year?

I had my wife consolidate three of her 401(k)s into a single 401(k) so it would be easier to manage, and teaching her to be more involved.

Do you think now is a good time to invest?

Yes, I believe all the time is a good time to invest. I believe you can time the market a little bit. I don't believe you can time it perfectly. You can get in and get out and make your appreciation.

What is your goal for your investing?

My goal is a comfortable retirement and to be able to pass on a considerable amount to my children and grandchildren.

What is your biggest money concern?

Taxes and insurance.

Where do you get your investment tips?

I look at MorningStar.com, but it's too past-oriented for me. Fidelity.com is sometimes good. I like Forbes magazine. Recently, I've gone to MSN.com's money section. I've been using Bloomberg TV for the past four years. I find it useful information and timely.

[Last modified July 23, 2006, 06:42:29]