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Sound Investing System Keeps You In Winners.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
Byline: MURRAY COLEMAN
He started slowly, investing small amounts a little at a time. Two decades later, Isaac Cain has turned a casual interest in stocks into financial independence.
Three years ago, the La Mesa, Calif., investor retired. He had served 28 years with the U.S. Postal Service.
By age 50, Cain had built a big enough portfolio to stop going into the office. Now he's his own boss. And he's doing something that started out as a hobby.
"I'm making more money today than when I was working at the post office," said Cain. "Investing is something that's turned into a full-time hobby."
Double-digit inflation and soaring interest rates in the late 1970s forced Cain to look into investing. Before, he left his money in a bank's low-interest savings account.
Money market funds offered much better returns as rates climbed above 16% at the time.
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