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South Carolina Business Review

Low Interest Rates Are Affecting Income Investors

By Mike Switzer
Published June 14, 2016 at 5:12 AM EDT

  Interest rates have remained low now for quite some time.  And while this has been a positive for our economy, it’s not been so great for those who are trying to generate income from their money by investing in CDs and bonds.  But at least our rates haven’t turned negative yet like they have some countries where investors are actually paying the government to take their money.

Mike Switzer interviews Allen Gillespie, a chartered financial analyst with FinTrust Investment Advisors in Greenville, 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