South Carolina Business Review

How is inflation affecting your portfolio?

By Mike Switzer

Published February 8, 2022 at 5:30 AM EST

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In many cases, wage increases are not keeping up with the rising cost of goods and services. Can you turn to your investment portfolio to make up the difference? Or if you are already relying heavily on those investments for income, should you be making some changes? Mike Switzer interviews Susie Wang, a chartered financial analyst and member of the South Carolina chapter of the CFA Society who joins us by phone from her office at Dividend Assets Capital in Ridgeland, SC.

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Mike Switzer

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.

See stories by Mike Switzer