Jack Canetti, 85, retired, Hudson
By FRED W. WRIGHT JR.
Published December 10, 2006
How did you get started in investing?
Just before I retired in 1978, I spoke with a broker and he suggested I go in easy, and he put me into utilities. And I worked my way up.
What is your best investment?
What is your worst investment?
What have you learned about investing that you think all investors should know?
I read the magazines and watch the papers. I do a lot of my own research.
How would you describe your approach to investing?
Conservative to moderate. I don't go for any company that's just starting out with an idea. I go for solid companies.
What do you find the most difficult about investing?
I don't find anything difficult - just trying to make up my mind whether it's a good deal.
How are you invested?
Seventy-five percent in stocks and 25 percent in mutual funds.
Do you think now is a good time to invest?
It's all according to what you're looking for. What may be good for me may not be good for the guy next door.
What is your goal for your investing?
Keep the status quo. I'm happy with what I have.
What is your biggest money concern?
None. I've been through the one in 1987 when everybody was dumping. I feel confident if (the market) is going to go down, it's going to go back up.
Where do you get your investment tips?
I look at Money and similar magazines. I read the newspapers. I analyze everything quite thoroughly before I make a move.