Titus Boogerworth’s Advice           March 12, 2013       

            Financial Advisor Titus Boogerworth, FFC, AWB, says investment requires care and due diligence.  The novice should park funds in a money market or Credit Union share account until proper investigation is done.  Boogerworth (T.B. to his friends) strongly recommends value investing.  “Think Warren Buffet” he is fond of proclaiming.  “Start by learning what value investing is.  There are many good sources of info.  My favorite,” Titus tells everyone, “Is The Intelligent Investor by Graham, Zweig, Buffett—an oldie but a goodie.” 

            Contrarian Boogerworth gleefully goes against trends when research warrants, being a natural enemy of authority:  “A few savvy contrarians prospered when the housing bubble burst, but they were high dollar gamblers, a category that excludes most investors, and all of my customers.  My people,” T.B. reveals, “are usually in the ‘one to fifty thousand’ camp, and should start with mutual funds.  These provide investment diversity on a used-car budget.  By the way,” he adds, “Never buy a new vehicle.  Mutual Funds also require due diligence.  Find one that’s used, meaning it has been around a long time, with a history of success.”

            “Finally,” says Boogerworth, “never bet the grocery money!  That means you have adequate life, health, and disability insurance, you have your Food-Shelter-Clothing-Transportation-Medical-Entertainment-Charity costs covered, you have three to twelve months of net income in your emergency fund, you are saving 15% of your gross income for retirement, and you are saving to pay cash for all major expected purchases and expenses.