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|Subject: Rule Breakers for Retirees||Date: 6/11/2000 10:15 AM|
|Author: Richesnow||Number: 4179 of 20060|
Take a married 72 & 73 year old couple, in good health, whose combined, indexed annuities enable them to live in the manner in which they have always lived: comfortably, and they can usually save $500 per month to invest. The male spouse (with full agreement of his wife)handles all investments: a little over $100,000.
In 15 plus years of retirement, investments were made cautiously and fairly prudently: an array of mutual funds with varying amounts (30-70%)in money markets.
About 2 years ago they decided to take greater risks with the money in order to be able to give (or leave)more to their children. He bought small amounts of common stock in 25 companies, watched them nervously and in a big downturn managed to get out unscathed, but unimproved. Then he learned about THE MOTLEY FOOL.
He took the RB Seminar, along with 2 of his kids. They screened down to 9 RB companies. He picked 4 of those and invested half their money in the 4 and ALL of the rest in mostly high tech stuff.
He's loving it.
Is he crazy?
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