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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Older Investers Date: 11/7/1997 10:23 AM
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Greetings, Ray, and welcome.

<<I am 65 years old and would like to invest in stock for long growth. However, when reading the information from the Motley Fool Site and book I see we are looking for a 15 year investment time. I look at my life expectancy and I am not sure I want to wait 15 years for growth.

Can anybody help me with the investment strartegies that would be useful from age 65? I have approx $15,000 to invest in stocks.>>

There is no magic answer, no silver bullet that will produce "growth" overnight unless you are willing to risk all on a single roll of the dice. Growth takes time, but it generally occurs in periods that are five years or longer without undue risk. And unless you come from an extremely short-lived family and/or are unhealthy, at age 65 IMHO you should be thinking in terms of another 25 years of life. To me, that's more than enough time to achieve growth on $15K. There are other issues involved here, though. When will you need this money? Tomorrow, never?

A few messages back, I said, "For a start, just read over messages 228 through 250 (Subject: Retiree Portfolio) and 292 through 295 (Subject: Drawdown) in this folder. They should give you some food for thought." It's a good place for you to start as well. Do so, and then come back with any further questions you may have. We'll try to answer your concerns if we can.

Regards…….Pixy
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