Williamstown, MA, June 14, 2008 --(PR.com
)-- In a video conference aired online yesterday, Linda Duessel, head of equity market strategy at Federated investors, weighed in on the benefits of professional money management in today’s marketplace.
Duessel noted that “In a bear market, it reminds us more than any other time… that you need a financial advisor who doesn’t have his emotions tied up in it, who can do the right thing, and not what your average investor is going to do, which is buy high and sell low.” Over the course of the video, Duessel examines why investors often act emotionally, and together with Don Dion, seeks to impress viewers with the importance of preserving their wealth for themselves and their families.
During the conference, Don Dion, publisher of the family of Fidelity Independent Adviser Newsletters, www.fidelityadviser.com, and portfolio manager of Dion Money Management, also discussed topics that have been on the minds of his investors: commodities, oil, treasuries, and the housing market. He also gave his outlook for the rest of 2008, citing medical device manufacturers and emerging markets as good investments for aggressive investors.
While do-it-yourself trading platforms have increased in the past year, Duessel and Dion believe that the majority of investors have a difficult time remaining unemotional about their investments. Dion emphasizes that savings is the result of many years of physical and emotional work. Both Duessel and Dion believe that it is hard to be objective and unemotional about your money, especially in difficult market times.
In the conference, Duessel described “If you have a problem with your health, you go to a doctor, when you have a problem with your car, you go to a mechanic.” Duessel believes that, “when you’re working with your portfolio, you need a professional financial advisor.”
“(Retirement savings) is a serious amount of money,” Dion added, “it will need to take care of you and your family.” Because of the importance he places on these investments, Dion tells investors that they “should enjoy their retirement,” and have “professional money manager” handle the day to day stress of an increasingly volatile marketplace.
Dion had posted his video conference in its entirety on both his money management website, and the website of his acclaimed newsletter, Fidelity Independent Adviser. He also has offered a free portfolio review for viewers of the video who call 1-800-432-7447, ext. 191.
About Don Dion:
Don Dion is the publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the United States and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.
Mr. Dion is also president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Massachusetts, Dion Money Management manages more than $770 million in assets for clients in 49 states and 11 countries. A licensed attorney in Massachusetts and Maine, Mr. Dion has more than 25 years’ experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.