Kiwanians hear investment advice from Capital City rep

Published: Monday, April 22, 2013 at 11:36 AM.

“You need one that not only asks good questions but is also a good listener,” he said. “If they aren’t a good listener or they only want to know about your money then it might be time to find yourself a new financial advisor. The worst thing you could do is get a plan that you can’t follow through with and the only way that a good financial advisor is going to see this is if they are interested in you and your investments and investments far outreach just money; it’s your faith, family and health.”

He was asked if gold is a good investment.

“I know there’s been a lot of advertisement about investing in gold but I’ve got to tell you that is a very bad idea,” said Welter. “Gold is down by 30 percent in the market and historically gold has never been a very good investment. Gold can never really keep pace with inflation.”

He said the best way to reduce risk when investing is to diversify and invest in many little things instead of betting it all on one gamble.

“Also make sure that you have a financial advisor with a wide open platform,” said Welter. “That opens the doors to a wide variety of investments that may suit you and your needs the best.”

According to his profile, Bowersox is new to the Capital City Trust Company, with this being his first year with the company. Bowersox came from a Fortune 500 firm where he held a position in business development focusing on client relationships. Before that, he served the Navy as an aviator and naval officer with multiple deployments in Operation Iraqi Freedom.

“As far as investments go we don’t make them, create them or sell them, we just manage them,” said Bowersox. “We help secure your investment and your legacy. We assist you not just today but you and your family in the long run and can even be a shield from creditors.”



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