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Last summer, Fred Hager retired from Telecomp Computer Systems in Milford, where he had been chairman since 1977, so he could dedicate more time to his hobbies - skiing and publishing his own quarterly investment newsletter.
The soft-spoken 74-year-old with the Swiss accent recently opened a Web version of "The Long Term Value Quarterly," introducing Internet subscribers to investment strategies which have produced a return of 44 percent in the past 12 years. The URL? Fredhager.com.
"We are doing well. The Web site brings in roughly $30,000 a month and we have well over 1,000 subscribers since December," he said.
Fredhager.com operates out of a small office in Fairfield. Hager credits his knowledgeable assistants for the company's early success, although he performs his own research and writes much of the material posted on the site.
Hager's formula for investing comes from his background at Telecomp. He invests solely in computer technology stocks that he's researched and determined have "tremendous performance and potential."
Hager looks for stocks with a proven track record as a market leader, a process that requires a lot of reading and research.
Hagers philosophy is to hold on...