Carnegie Investment Counsel Blog

 

Gary Wagner

Recent Posts

6 Mistakes to Avoid in Your Investment Portfolio (Including One that Almost Everyone Makes)

Posted by Gary Wagner on May 22, 2019 9:57:00 AM

Successful investing takes patience. There is no Holy Grail or magic, risk-free formula that ensures success and worry-free sleep. In short, investing involves some risk-taking. However, here are six mistakes you can avoid in your investment portfolio. 

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Topics: Investment Management

A Rainbow's End for the "King"

Posted by Gary Wagner on Sep 30, 2016 12:07:42 PM

The world lost a great man this week with the passing of Arnold Palmer...

We have several connections to the “King” in our firm, not the least of which is our very own Chad Warmbein who had the honor of playing in the Palmer Cup at Latrobe Country Club the past two years. It’s hard to imagine the world without Arnold Palmer; he was such a permanent figure, not only in golf, but as a person and all of the good that he did outside of the game. It is only in Arnie’s style that he would pass on the eve of the Ryder Cup, an event he cherished and is the person who still holds the title of the most match wins at 22. Never one to seek the limelight, he wouldn’t have wanted to disrupt the event.

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Topics: Arnold Palmer, Remembrance

Brady's Leap and Your Financial Plan

Posted by Gary Wagner on Sep 2, 2016 2:00:06 PM

Many of you from Northeast Ohio area are familiar with “Brady’s Leap,” if only from the eponymous Ohio Turnpike service plaza at mile marker 197. For those of you who are not native to the area or simply need a refresher of this legend, gather round. 

Captain Samuel Brady

Captain Samuel Brady came from a notorious family of American Revolutionary soldiers and fought alongside George Washington with his father and brother. Throughout the Revolution, the Bradys fought in every major battle. By 1778, the Bradys were deployed to man the frontier, then located in Central Pennsylvania as most of the country anywhere West of that was occupied by Indians.

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Topics: Financial Planning, Brady

Fiduciary Rules? Or April Fools…

Posted by Gary Wagner on Apr 1, 2016 2:56:37 PM

This coming Wednesday:  “Hump Day” or “Wacky Wednesday”?

The U.S. Department of Labor has an opportunity to make an historic ruling that will benefit everyone saving for retirement. The final version of the highly anticipated “Fiduciary Rule” is to be announced on Wednesday, April 6.

Why is this important? The fiduciary standard that Registered Investment Advisers (like Carnegie) live by will be forced upon any adviser providing investment guidance to retirement plan accounts. In other words, advisers that are currently permitted to recommend only products that earn them the most commissions will finally be forced to come clean.

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Topics: Fiduciary

Bondmageddon: A Few Players Dominate Bond Mutual Funds

Posted by Gary Wagner on Apr 29, 2015 12:02:54 PM

Over ONE TRILLION DOLLARS is managed by the top ten bond mutual funds, according to Forbes. This vast pool of assets controlled by a few players affects the whole asset class. In our whitepaper, "Bondmageddon: A Whitepaper on the Hidden Risks and Costs of Bond Mutual Funds," we discuss the current landscape of these investments and the risks investors face today. We also outline the five critical strategic considerations we make when constructing a bond portfolio. Below is an excerpt from the Bondmageddon paper.

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Topics: Investing

Is a 529 Plan Right for My Family?

Posted by Gary Wagner on Dec 2, 2014 5:18:00 PM

If you have children or grandchildren and have the soaring costs of college education on your mind, you might want to consider a 529 plan as part of an overall long-term savings strategy.

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Topics: Investing

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