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Using Math to Pick Stocks

Peter Nielsen
Mike Switzer/SC Public Radio

Most people are aware of the basic method of stock picking: look for companies in areas of the economy you believe have growth potential, narrow those companies down by researching their fundamentals such as leadership, earnings per share, balance sheet, etc.  But our next guest says there’s another method that may prove just as fruitful and it is only driven by math.  It’s called “factor investing”.

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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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.