Money Panel

Dean Hanks, 68, retired,  Tierra Verde

By Fred W. Wright Jr., Times Correspondent
Published May 27, 2007

How did you get started in investing?

With an IRA. I believe it was 1982.

What is your best investment?

Best Buy.

What is your worst investment?


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

You can read, investigate, get online, read the newspaper and financial magazines, but you can never be sure entirely. But you can feel more comfortable in purchasing these things.

How are you invested?

Traditionally, I've had annuities, individual stocks, IRAs, mutual funds. Everything except bonds. Totally diversified.

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

My portfolio is in limbo right now. We're turning it over to a professional broker. We're getting out of some risky ones.

How are you making these changes?

We probably won't have any more annuities. And we're getting into bonds.

Do you think now is a good time to invest?

Yes! The market is going up and up and up, and our world situation is not too good, but we've got to put our money someplace.

What is your goal for your investments?

Live halfway luxuriously for the rest of our lives.

What is your biggest money concern?

Just making sure we have enough that will last the rest of our lives so we can live like we're millionaires and have a little in the storehouse.