Managing Risk in the 21st Century

By Mike Switzer

Published May 21, 2019 at 5:33 AM EDT

The 21st century has seen a few serious financial crises starting with the Y2k tech bubble and of course, the Great Recession. And that’s why our next guest says risk management is a very important part of building your investment portfolio.

Mike Switzer interviews Peter Nielsen, a chartered financial analyst with Foster Victor Wealth Advisors in Greenville, SC and a member of the SC Chapter of the CFA Society.

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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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