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Money Panel
Robert Toyer, 72, retired, Beverly Hills
By FRED W. WRIGHT JR.
Published January 14, 2007
How did you get started in investing? Way back when I was young, about 16, my grandparents gave me some stock. That got me interested in the market. What is your best investment? I wouldn't rate one over the other. What is your worst investment? Enron. What have you learned about investing that you think all investors should know? Be diversified. No one specific investment, whether it's real estate, bonds or anything else. Be continually monitoring. How would you describe your approach to investing? I weigh the pros and cons. There's a risk in anything. What do you find the most difficult about investing? Sorting out the various different opinions. How are you invested? In round numbers, 65 percent stock, 25 percent in government bonds and municipal tax free bonds and the rest in annuities and life insurance. Do you think now is a good time to invest? It depends on the individual situation. There's always a good investment if you have available funds to invest. The question is determining which one. And there are always bad investments. Sometimes more one than the other. What is your goal for your investing? Just keep diversified, minimize the tax liability and generate a continual cash flow stream. What is your biggest money concern? Inflation. Social Security. Value of the dollar versus international currency. Where do you get your investment tips? Half a dozen places. I generally get an idea and use the Internet to research the idea versus looking for a tip.
[Last modified January 14, 2007, 01:15:46]
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