Provo, UT, November 28, 2007 --(PR.com
)-- Former magician and avid hunter, Provo money manager has been a secret in Provo for over 20 years.
David Young, President of Paragon Wealth Management, manages the Top Flight Portfolio which has consistently outperformed the S&P 500 over the past 10 years. He has been so focused on managing his portfolios that he hasn’t made the effort to be discovered.
“My goal is to make my clients’ lives easier by helping them make good investment decisions,” said Young. “Ultimately, I would like to help them make work “optional”.
Young said his idea of work is to make it so enjoyable that it doesn’t feel like work. To help him enjoy his work day, he decorated his office in an outdoor theme. He has a nine and a half foot grizzly bear from Alaska and a bobcat in his office.
He also has a picture of himself as a magician in the late 1970’s hung on his wall. He performed magic shows in the late 1970’s around the United States and Australia. In 1976, he was named Australian Magician of the Year.
While Young was attending Brigham Young University, he toured for four years performing "Grand Illusion”, a full-stage magic show. He performed over 350 shows, completed three television specials, and traveled the same circuits as David Copperfield.
As an entertainer and student, he was married in 1979. He graduated from BYU in 1980, and welcomed his first child in that same year. A major turning point in his life, Young chose to focus more on his family and let go of the busy schedule of full-time performing.
Between 1980 and 1986 he established several successful business ventures. In 1986, he sold all of his businesses and began visiting with different investment groups to invest the funds from the sale.
“I tried several brokerage firms in the mid-80s, the traditional option at the time, and they did not meet my needs,” said Young. “I knew there had to be a better option.”
In 1986 Young decided to invest his own money. He formed "The Center for Financial Excellence" where he built basic quantitative models to determine when to be in or out of the equity and bond markets, and he used no-load mutual funds as his investment vehicle. He began to handle his own accounts and soon began managing his friends' and family's money. When he avoided the 1987 stock market crash, his methods sparked a lot of interest.
In 1992, Young formed Paragon Capital Management and registered with the SEC. He added staff and began attracting clients with larger amounts of money. He built more sophisticated and complex quantitative models to determine investment strategies regarding styles, sectors, and markets. Portfolio allocations were based around short-term, intermediate, and long-term models.
Young established the Paragon Top Flight Portfolio in 1998, incorporating Paragon's most effective models and systems to date. In 2001 he established the Managed Income Portfolio, designed as a very conservative alternative for clients who want limited volatility.
Today, Young is optimistic about the future, and his Top Flight Portfolio continues to consistently out perform the S&P 500.
About Paragon Wealth Management
Paragon Wealth Management is a money management firm located in Provo, Utah. With over 20 years of experience, they are dedicated to creating success for their clients. It is estimated that only 10% of investments advisors have fiduciary responsibility, and Paragon falls in this elite group. Paragon receives no commissions and does not sell any financial products. They simply charge a small management fee. Unlike traditional advisory relationships, Paragon clients are free to withdraw their money at any time without paying any surrender charges.
Paragon is known for its Top Flight Portfolio. It has generated a total return of 457% verses 86% for the S&P 500 from its inception on January 1, 1998 through October 31, 2007. Its compound annual return is 19.3%, versus 6.6% for the S&P 500. (See the track record on Paragon’s website www.paragonwealth.com for full disclosure) For more information contact Shannon Golladay at 801-375-2500.