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Business
South Carolina Business Review

Bond investors taking it on the chin

By Mike Switzer
Published June 7, 2022 at 5:30 AM EDT
South Carolina Business Review
SC Public Radio

With most of the financial market news focused on the bad year stocks have had so far, practically going unnoticed is the historically bad year bond investors are experiencing. The Federal Reserve has been raising short-term interest rates, but our next guest that’s been only part of the problem. Mike Switzer interviews Wes Johnson, a certified financial planner with ACT Advisors in Charleston, 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