Retiring Better as a Fool: A Fool Story

A Motley Fool Member offers his Fool Story -- and how Foolish his wife is!

May 23, 2014 at 1:01PM

Our members come to The Motley Fool for many reasons -- for advice, for developing portfolios, for our charm. Some come with definite plans, and others' futures are a bit more open-ended. Randy, though, came to the Fool with a plan and ended up with a community that reflected his own family.

Back then, Randy lived in Tulsa, Okla., with his wife, Kelley, and five daughters. He was a second-generation business owner and operator; he didn't have a lot of time to focus on investing. In 2001, Randy joined The Motley Fool after realizing that his investment advice wouldn't allow him and his wife to retire when they had hoped. In 2013, Randy wrote to The Motley Fool and offered his Fool Story as he neared his 10-year Fooliversary:

At about age 44 we had a good start on our retirement nest egg in our IRAs and the investment newsletter we subscribed to timed investing in sector funds. They had just said that returns would probably be minimal over the next 15 years as we recovered from the Dot-Com bubble bust. I knew we couldn't get to the financial state we needed to retire without some better investment advice.
My wife (better go thank her after I finish this) said, "Have you ever thought of checking out the investment advice from those Motley guys in the paper?" Well, I had heard the radio show, but never thought to check out Motley Fool for something as important as our retirement. I checked you out and felt the Stock Advisor newsletter could be a good fit for my investment experience and temperament.
Well, now at 54 we are halfway to our retirement goal in our IRA's. Now admittedly contributing to our IRA most of those years is part of the increase, but without the insights, education, and encouragement of the Stock Advisor team and fellow subscribers on the boards, we would be lucky to have 20% of our retirement needs trying to time the market. NOTE: Because of the Motley Fool and Foolish teaching I ignored others and stayed fully invested through the 08-09 downturn. To the extent I could, I was "greedy when others were fearful" and bought a few stocks in early 2009 with what cash I had in the IRAs. So given that downturn, averaging a 12-13% annualized gain is a dream come true.
One last thing... We now have our first grandchild. He's 19 months old. I'm looking forward to buying his first stock to start his education in Foolish ways. Who knows. Maybe HE'LL start an investment column someday. ;-)

Randy sees the information offered from The Motley Fool as better than mere stock picks: "I've been taught the psychology of investing smartly; of purchasing companies (and quantities of each company) that match my investing temperament. I've been given skills which enable me to expand my investing comfort zone." The support and advice that Randy found from the Fool reinforced and developed his own personal comfort level, but the Fool also reflected his past experiences with the stock market.

Randy's grandfather gave him AT&T stock, instilling in him from a young age the idea that a person should invest in solid companies. Randy says that experience, along with the prodding of his Foolish wife, readied him him to take advantage of The Motley Fool's advice and community. Randy came for retirement help, but he stays for all that The Motley Fool continues to offer: "I have so much more to learn, thus, I keep subscribed, turning to the boards for insights and listening every day to Market Foolery and Motley Fool Money."

Randy's Fool Story reflects the investment goals of many of our Foolish investors -- so many, in fact, that The Motley Fool has its own "Retirement Section" that helps investors learn about their IRAs, 401(k)s, and more. Additionally, our newsletter Rule Your Retirement discusses topics from estate planning to the transition to retirement -- and everything in between. Both include opportunities to join the larger Motley Fool community on our boards and discussion pages.

In looking toward his retirement, Randy already has plans. He and Kelley spend time with grandchildren, gardening, and finding vintage items, and he's looking forward to Foolishly jumping into options. 

Invest like Randy!
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Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

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Articles and beyond

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For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

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Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

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David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

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And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

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Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

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