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Money Panel: Merrill Faegenburg, 85, retired, Clearwater

By FRED WRIGHT
Published February 11, 2007

How did you get started in investing?

I bought 200 shares of Gulf Oil stock.

What is your best investment?

IBM stock.

What is your worst investment?

Conseco.

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

Thoroughly research the company before you buy the stock.

How would you describe your approach to investing?

Quite conservative. Hasn't always been that way.

What do you find the most difficult about investing?

Finding the right stock.

How are you invested?

About 50 percent in stock, about 40 percent in cash and about 10 percent in bonds.

What changes have you made in your investments in the past year?

Nothing.

Do you think now is a good time to invest?

I think any time is a good time to invest if you do it properly.

What is your goal for your investments?

I hope my money holds out.

What is your biggest money concern?

I don't have a specific money concern. I'd love to see the government a little more prudent in how it spends its money.

Where do you get your investment tips?

Forbes, Money and BusinessWeek magazines. I watch CNBC quite a bit.

[Last modified February 9, 2007, 23:41:48]