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Rising Yields Imperil Bond Values

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Mike Switzer interviews Roy Janse, a certified financial planner and managing partner at Goldfinch Wealth Management in Greenville, SC.

For many investors, bonds have always been an important part of their investment portfolio. This year bond yields have risen as the hopes of an economic rebound increase and the Federal Reserve raises its target for inflation. But as these rising yields make bonds more attractive to new investors, they can have negative consequences for those currently invested in the fixed-rate market and as such could also affect one’s financial goals.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.