Money panel
SHEILA WEHRENBERG: 61, retired, Spring Hill
By Times Staff Writer
Published October 5, 2003
Q. How did you get started in investing?
We have a friend who is a broker in upstate New York and she said we should at least look at mutual funds. This was in 1988.
Q. What is your best investment so far?
IBM. Probably because my husband worked for IBM and got a discount when we bought.
Q. What is your worst investment so far?
Enron. Everything else, if we didn't make money on it, we didn't lose. Came out even.
Q. What have you learned about investing that you think others should know?
One thing, you can't time the market. You have to set a price - "When this stock reaches as certain amount of money, that's when I'm going to sell."
Q. How would you describe your approach to investing?
We're aggressive. We'll take a chance on a stock or a mutual fund. We don't have too much in bonds. We're basically in mutual funds and stocks.
Q. How are you invested now?
Sixty percent in mutual funds; probably 30 percent in stocks and 5 percent cash, 5 percent bonds.
Q. Do you think now is a good time to invest?
Yes, because the market was so beat down that prices of most stocks are a good deal.
Q. Do you have a goal for your investing?
I want to have enough money to live comfortably until I die.
Q. Where do you get your investment information?
We listen to CNBC and go on the Internet. We read the newspaper and Business Week, Forbes, Money.
Q. What do you like about investing?
It's fun to make money.
[Last modified October 5, 2003, 01:49:47]
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