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Wealth Management Firm Offers to Help Investors Position Their Portfolios for Recovery
PROVO, UT -- 09/10/09 -- Paragon Wealth Management advises investors to position their portfolio in the areas of the market that have historically performed well after a recession and has offered to help by providing complimentary portfolio reviews.
"We pay close attention to the economy," said Paragon's President and founder, Dave Young. "In July our economic models indicated it was highly likely the recession ended in June."
Paragon's wealth managers have encouraged investors to become fully invested in the stock market since March of this year. They recommended moving to a fully invested position when most investors were selling.
"The first and sharpest stage of the market recovery usually occurs right after the initial market plunge and takes about three to four months," said Young. "We believe stage one occurred between March 9 and June 30. The second stage of recovery occurs after the recession ends, which we believe was around the end of June."
"This difficult market highlights why active wealth management is so important," said Young. "Because market dynamics are constantly changing and evolving, we believe the best investment approach is one that actively adjusts, moves and changes based on market conditions."
Following these strategies from January 1998 through August 2009, Paragon's growth portfolio has generated a total return of 312.43 percent, net of all fees. During that same time the S&P 500 posted a total return of 28.51 percent.
Investors can visit www.paragonwealth.com to schedule a portfolio review.
About Paragon Wealth Management
Paragon Wealth Management is a wealth management firm that was established in 1986. They actively manage all types of traditional and retirement accounts such as IRA and 401(k) rollovers, and pensions and trusts. Paragon has fiduciary responsibility. Call 800-748-4451 for more information.
Although the information included in this report has been obtained from
sources Paragon believes to be reliable, we do not guarantee its accuracy.
All opinions and estimates included in this report constitute the judgment
as of the dates indicated and are subject to change without notice. This
report is for informational purposes only and is not intended as an offer
or solicitation with respect to the purchase or sale of any security. Past
performance is not a guarantee of future results.
Investment performance
reflects time-weighted, size-weighted geometric composite returns of actual
client accounts and not back tested hypothetical returns or performance.
Investment returns are net of all management fees and transaction costs,
and reflect the reinvestment of all dividends and distributions. The S&P
Index is a market-value weighted index comprised of 500 stocks selected for
market size, liquidity, and industry group representation.
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Posted by: Miranda | Saturday, September 12, 2009 at 08:24 AM