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Orlando Business Journal 2013 Top Five

obj-logoOrlando Business Journal Names Ruggie Wealth Management Among the Top Five Financial Advisors In Its 2013 Top 100 List

Ruggie Wealth Management, with offices in Tavares and Winter Haven, joined Central Florida’s elite financial advisor firms atop the Orlando Business Journal’s Top 100 list, in a year filled with numerous recognitions for the firm and its President Tom Ruggie.

Following is an article which appeared in 2011 in the OBJ which featured Tom speaking on commodities as investment opportunities during that period of time.

Investment opportunities in today’s market include commodities, municipal bonds, high-dividend-paying companies and firms in emerging markets. Tom Ruggie, president and CEO of Tavares-based Ruggie Wealth Management likes companies involved in infrastructure like heavy equipment maker Caterpillar Inc. (NYSE: CAT ), due to the massive rebuilding expected in Japan.

Expert: Commodities a good choice

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Bill Orben, Associate Managing Editor
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Investment opportunities in today’s market include commodities, municipal bonds, high-dividend-paying companies and firms in emerging markets like China, India and Russia, said Orlando-area wealth managers.

After all, the Dow Jones Industrial Average has nearly doubled in value during the past three years.

Rob Clark, a partner at Moreno, Peelen, Pinto & Clark, an Orlando-based financial planning firm, likes commodities, particularly natural resources like copper, silver, gold, soybeans and wheat. Municipal bonds also are attractive because there has been a lot of panic selling, and that has lumped good and bad bonds in the same category.

And Tom Ruggie, president and CEO of Tavares-based Ruggie Wealth Management, likes companies involved in infrastructure like heavy equipment maker Caterpillar Inc. (NYSE: CAT ), due to the massive rebuilding expected in Japan.

Joe Bogdahn, principal of Orlando-based The Bogdahn Group, which has $30 billion in public funds under advisement, said his approach to investments is long term.

But, that doesn’t mean he isn’t asked to react quickly and readjust to current events. “At virtually every meeting [of an investment committee or board of trustees] we have, a trustee will bring up something he heard on CNBC,” said Bogdahn

Continually adjusting investments based on current events is why many investors underperform, he said. He also cautions against basing investment decisions on personal recommendations from friends or colleagues about market performance of a stock, bond or mutual fund.

He also looks for long-term hedges against the peaks and valleys of the stock market, like timber — a seven- to 10-year investment in which the commodity doesn’t have to be harvested each year and becomes more valuable as the trees grow larger.

Quick tips

• If you wait until the economy totally recovers to invest, you’ll miss opportunities.

• As confidence in the stock markets is restored, company owners and CEOs see less risk in company expansions that could include additional offices, new hires or new equipment.

borben@bizjournals.com | (407) 241-2891

Industries: Banking & Financial Services

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