Robert Foley 74, retired, Tarpon Springs
By FRED W. WRIGHT JR.
Published October 1, 2006
How did you get started in investing?
I started a long time ago. I wanted to learn about stocks. That was 40 years ago.
What's your best investment?
Nothing outstanding. I never lost a nickel on any real estate investment. When I lived in New York, I bought a three-family house and turned it over in a month.
What is your worst investment?
Quite a few stocks.
What have you learned about investing that you think all investors should know?
Research. Know what you're buying. Don't just buy indiscriminately.
How would you describe your approach to investing?
I'm risk-taking. I like to gamble, too. I'm a risk-taker within reason.
What do you find the most difficult about investing?
Picking the right stocks. I invest for capital appreciation.
How are you invested?
I'm pretty diversified between stocks, bonds and some real estate. I'm spread out pretty well for protection in case the market goes crazy.
What changes have you made in your investments in the past year?
Pretty steady. I haven't diversified too much.
Do you think now is a good time to invest?
Oh, yeah. It's always a good time to invest. You can make money in a down market; you can make money in an up market.
What is your goal for investing?
Make money, that simple. There's joy in picking the right stock and making money on it.
What is your biggest money concern?
Cost of living. Insurance, the way it's going up. Interest, and all that stuff. You start wondering, "Do I have enough for retirement?" I never had that problem before.
Where do you get your investment tips?
I get it from the paper and magazines. I subscribe to Money magazine and a couple of others. I get CNBC.