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HENRY’s Investing Crisis

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You may have heard about an acronym Fortune Magazine coined back in 2003 to describe young professionals: HENRYs.  High Earners Not Rich Yet.  Back in my day the term was Yuppies.  But no matter how you refer to them, our next guest says they are facing unique challenges as investors.

Mike Switzer interviews Hans Blake, a chartered financial analyst with Intelligent Investing Advisors in Greenville, SC,and a member of the SC Chapter of the CFA Society.

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.