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Letter to the editor

Money Panel: Forney Winner, 95, retired surgeon, Dunedin

By Times Staff
Published August 5, 2007

How did you get started in investing?

I had land that I bought from tax sales. Land was selling for $2 acre in central Pennsylvania back in 1949 in tracts of 400 acres.

What is your best investment?

International municipal funds.

What is your worst investment?

Wholesale plumbing businesses.

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

First, be your own broker. Second, buy well-known mutual funds and don't let them kid you. You do it. It's your responsibility.

How would you describe your approach to investing?

You got to risk. If you don't risk, you won't go anyplace. You have to have enough money that you can risk.

What do you find the most difficult about investing?

It's a lot of fun. It's a game.

How are you invested?

A hundred percent international funds.

Do you think now is a good time to invest?

No. I think we're going into a hell of a depression.

What is your goal for your investing?

At our age, we have very little goals. Just make money. Money is a goal in itself.

What is your biggest money concern?

We're not thinking, America - keep jobs here, keep brainpower here, stop exporting our factories and intelligence overseas.

Where do you investment tips?

I listen to my own intuition.

[Last modified August 3, 2007, 22:40:07]