Money Panel: Mark Keister, 50, sales, Spring Hill
By Times staff
Published July 8, 2007
How did you get started in investing?
Through work, probably back in 1994 - the company 401(k).
What is your best investment?
The 401(k). We have a really good group of funds in there.
What is your worst investment?
Krispy Kreme was one.
What have you learned about investing that you think all investors should know?
Start early. Diversify so you can ride it long term. It cushions the ups and downs a lot better.
How would you describe your approach to investing?
I'm more on the aggressive side still. I've got another 15 years until retirement and two small children.
What do you find the most difficult?
Probably leaving it alone. I tend to micromanage sometimes. But I don't do anything knee jerk.
How are you invested?
Most of it is mutual funds, probably 90 percent. The balance, probably 5 percent bonds and 5 percent stocks.
What changes have you made in your investments in the past year?
I migrated more to large caps from small caps, kind of looking at the trends.
How did you make those changes?
I just adjusted the portfolio accordingly. Right now, 32 percent large (caps) and only 8 small (caps).
What is your goal for your investments?
Retire comfortable and kids in college.
What is your biggest money concern?
Everything goes up except salary. Keeping ends meeting and still having enough to put away for savings as well.
Where do get your investment tips?
I do have a brokerage newsletter. Most of it, I get from my father-in-law, who's done this a lot longer than I have. I get Money, Forbes, Smart Money.