South Carolina Business Review

Time to reposition your portfolio?

By Mike Switzer

Published February 22, 2022 at 5:30 AM EST

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The financial markets have been running into some headwinds lately with both the NASDAQ and S&P 500 registering 10% pullbacks. Not to mention the bond market suffering, as well, caused by inflation and Fed fears. So we thought this would be a good time to check in with one of our local prognosticators with his thoughts on where your money should be parked for the remainder of this year. Mike Switzer interviews Doug English, a certified financial planner with ACT Advisors in Charleston, 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.

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