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Is Your Portfolio Actively Managed?

  There are two basic ways an investment portfolio can be managed: passively or actively.  And there has been and continues to be a long-running argument over which way is better.  Sometimes buying and holding index funds for example, outperforms actively managed funds.  But our next guest says that the current market cycle now warrants active management. 

Mike Switzer interviews Noel Swain, a certified financial planner with ProVest Wealth Advisors in Spartanburg, SC.

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.