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South Carolina Public Radio's offices will be closed Monday, May 27, in observance of the Memorial Day holiday. Our local news and programming will return Tuesday, May 28.

Do election years matter to investors?

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Beth Jeter Hrubala, certified financial planner in Spartanburg

Historical stock market movements during election years are often studied by investors. The latest numbers show that for the eight months leading up to elections, the S&P 500 has gone up almost 10% on average. If that scenario unfolds this year, which so far has already been a pretty good one, 2024 will make investors happy regardless of who is elected. But what does one of our resident financial advisors say? Mike Switzer interviews Beth Jeter Hrubala, a certified financial planner in Spartanburg.

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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.