Money Panel: Bob Odermatt, 49, fixed-income trader, Tampa
By Fred W. Wright Jr., Times correspondent
Published March 18, 2007
How did you get started in investing?
Trying to become a more prudent investor. My first investment was probably a CD, back in the early '70s.
What is your best investment?
First National Bank of Boston, way back when. Now it's Bank of America.
What is your worst investment?
What have you learned about investing that you think all investors should know?
The most important thing is that people should view the market long term. They should invest conservatively. Dollar-cost averaging is a wise approach. Never be afraid to sell your dogs or your losers.
How would you describe your approach to investing?
I'm a little bit more conservative. Companies that are around for the long haul - Fortune 500 companies mixed with companies that will pay you dividends.
How you are invested?
Probably about 40 percent in fixed-income, 30 percent in equities and the balance mixed between real estate and index funds.
What is your goal for your investments?
Retire comfortably. Not outlive my savings.
What is your biggest money concern?
Health insurance, without a doubt.
Where do you get your investments tips?
I use a number of different Internet sites. I read the New York Times, Bloomberg, any reliable source of news. I subscribe to Barron's and Newsweek. I find the Internet is your best source - more timely and handy.
[Last modified March 16, 2007, 17:35:27]
[an error occurred while processing this directive]