Three Reasons to Talk about Managing Capital Gains

By Mike Switzer

Published July 31, 2020 at 5:30 AM EDT

According to Goldman Sachs, the combined market values of Apple, Microsoft, Amazon, Google, and Facebook — now account for over 20% of the value of the S&P 500 Index. That exceeds the 18% concentration level that occurred in the famous tech bubble of 2000. Our next guest says that this is just one reason why investors need to take a serious look at their unrealized capital gains.

Mike Switzer interviews David Allison, a chartered financial analyst in Columbia, SC and a member of the South Carolina 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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