April 24, 2024

Wealth Management

Opportunities in Uncertain Times

A depressed stock market holds profits for investors who can overcome their fears.

Barbara Miracle | 10/1/2008

 We are advising our clients to consider taking capital gains this year.

Mary KnauerMary Biggs Knauer
First Guaranty Bank & Trust

Senior vice president, trust and investments, Jacksonville

Assets under management: $140 million

Minimum investment: Typically around $500,000

What she likes: Healthcare and information technology stocks. On the fixed side, Biggs Knauer is focusing on short- to medium-term (less than three years) bonds.

What she doesn’t like: Telecom and energy stocks, and she’s lukewarm on financials.

Tax strategy: She’s advising that since most investors will have tax losses this year, it’s a good time to balance the losses by locking in capital gains at today’s low rates.

Tags: Banking & Finance

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