Investing Without Limits: A Fool Story About Our "Oldest Investor"

Gene Seibert is a Fool who doesn't let age hinder his investing.

Jun 2, 2014 at 8:51AM

Gene Seibert started with The Motley Fool after he saw an ad in the newspaper, and he concedes that he knew nothing about investing before he became a Fool. He felt that the Motley Fool Pro team aligned with his comfort level and that advisor Jeff Fischer had "the best strategies for my liking as a long term investor in good, sound businesses, and adds options to the mix, as well."

Gene sees Jeff's investing plans as having a member focus, and he likes the hands-on nature of the Fool. What impressed us more than anything about Gene's Fool Story is that he has such an optimistic attitude about investing and age because his investing journey started when he was 79. Last year, Gene took to the boards when another investor had just started with The Motley Fool:

This is my 4th year this month, at 82 I am having the most fun, (boards "family"), and have done a tad better than the Pro's North Star standard, (only because I did not get the hedging strategy at first and ducked them, plus we have had a rising market and did not need that insurance, so far, so good.)

There is a lot to learn here, so take your leisurely time. Jeff and the team are excellent professors, and I have been like a sponge, absorbing from them and our knowledgeable and very helpful members on this board.

I hope you find it interesting and fun, and profitable! This is a great place to learn and finding confidence to invest wisely.

Us "old guys" should stick together, the younger ones are a bit quicker, but my Greek Professor once said to our class, "The principle of learning is Repetition, Repetition, Repetition." It still works. 

Investing isn't just for the young. With Americans living longer and longer, investing can serve people of any age. Gene Seibert believes that investing is beneficial for all ages and that learning is a lifelong process. A Fool from November 2009, Gene began investing in the market in January 2010. Gene doesn't let his age deter him. He uses the resources on to educate himself and find the confidence to invest. In fact, at 83, even though he proclaims himself as the "oldest investor," his goals to "make enough money to keep up with Jeff's North Star, learn about businesses that he finds interesting, and having fun doing it" still push him toward the boards and Gene believes the boards are more than educational because they offer one-on-one help: "It's like a personal mentor for me to tap into." 

To all the new Fools, Gene has a few words:

My encouragement to new members is read, read, make notes of what fits you. I am getting to the age that I keep a Journal of Jeff's good stuff that applies to me. (Besides, at 83, I need all the help and reminders I can get.) Plus it makes investing fun!

Gene has had to pull back from the forums recently after a computer crash and health issues, but we look forward to celebrating five years with him soon! We wish him luck on his surgery in August and look forward to catching up with him on the boards after his recovery!

To learn more about Gene and his Foolish investing journey, or to converse with him on the boards, be sure to check out his member page.

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