St. Petersburg Times
Special report
Video report
  • For their own good
    Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
  • More video reports
Multimedia report
Print Email this storyEmail story Comment Letter to the editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message

Money Panel: James Webster, 79, retired, The Villages

James Webster,  79, retired, The Villages

By Fred W. Wright Jr., Times Correspondent
Published July 29, 2007


How did you get started in investing?

My father bought me three shares of General Electric when I was a little kid during the Depression. My first investment was really in a house, shortly after I married, in 1962.

What is your best investment?

I bought some shares of Summit Bank in Summit, N.J. I bought 300 shares at about $11 a share. That has now become over 3,000 shares of Bank of America.

What is your worst investment?

Nothing dramatic. Not just one investment. I'm too involved with financial stocks.

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

Certainly, diversify. It's not just a question of stocks vs. bonds or domestic vs. international. Don't get too heavily involved in one area or another.

How would you describe your approach to investing?

I'm conservative. I don't really subscribe to formulas like 60 percent in bonds, 40 percent in stocks.

What do you find the most difficult about investing?

Selling. When a stock goes up, you think it will keep going up and you don't want to sell it. And when it starts down, you're afraid you'll sell it and it will turn around and go back up.

How are you invested?

About 40 percent stocks and about 48 percent bonds and 12 percent cash or cash equivalent.

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

I'm probably moving more toward mutual funds. It becomes more difficult to keep track of individual stocks and bonds.

Do you think now is a good time to invest?

It's always a good time to invest.

What is your goal for your investments?

I'm just trying to keep up.

What is your biggest money concern?

I'm wondering what's going to happen to the Alternative Minimum Tax.

Where do you get your investment tips?

From the newspaper. I have the newsletter from my brokerage. I read the Wall Street Journal a couple of times a week. I go to Yahoo Finance (

[Last modified July 27, 2007, 23:10:26]

Share your thoughts on this story

[an error occurred while processing this directive]
Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters