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Are Your Investments Getting a Little Too Risky?

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A regular review of your financial plan and investment portfolio is always a good idea.  This is not just to make sure you are still on track to meet your goals, but to also make sure your risks haven’t increased past your initially desired risk threshold.  And our next guest says that is especially a good idea when financial markets have been setting record highs.

Mike Switzer interviews Les Detterbeck, a chartered financial analyst in Charleston, SC.

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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.