Down… but not necessarily out

At Fort Pitt Capital, we describe our Individual Securities investment process as owning well run companies at reasonable prices and holding on to them. Our goal is competitive long-term portfolio returns, with overall volatility less than the market. As always, some names in the portfolio perform better than others in…

Are you too conservative?

Since 401(k)s became popularized almost 30 years ago, a significant number of US employees now rely on the vehicle as their primary source for retirement income. However, there is one threat to retirement investors that can unhinge even the best of plans. Being too conservative with 401(k) allocations can have…

2014 mid-year market review

As June marks the mid-point of the year, we thought that it would be the perfect time to take a look back at market movements since January, and review where we expect equities and other asset classes to head in the coming months. While we are optimistic for the second…

Taking advantage of Roth conversions

For investors nearing retirement who may not need to tap into a traditional IRA account immediately, it’s important to consider alternative strategies for repositioning these assets to continue to grow. Last week, I discussed Roth conversion strategies with WSJ reporter Kelly Kearsley, and offered how these efforts can take advantage…

Municipal bonds: Returns, defaults & rates

While the overall bond market faced challenges last year amid a rising interest rate environment, high grade municipal bonds are forecasted to perform better in 2014. Throughout time, municipals have been a sound alternative in most fixed income portfolios with either institutional investors’ strategies or retail investors’ plans. Below, we…