Ralph Fogel

IBM helped Dow recover its losses. Also other technology-based companies rose considerably including Intel, Cisco Systems, and Microsoft. In addition, the value of the Euro increased 0.2% at the beginning of this year.

“This is a very positive sign,” said Ralph Fogel, investment strategist at Fogel Neale Partners,
“Once you see real growth in that area, you say OK, so they have some fiscal issues but they’re growing, they’re going to be able to grow their way out of their problem, they’re going to be able to pay for their debt. That’s what you want to see. You don’t want to see an area that’s contracting that has fiscal issues.”

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Many investors are turning to social media as a way to reach existing and potential clients due to its explosion in popularity over the past few years. This way, clients can get to know what an investment firm is about without having a face to face meeting. Fogel goes on to explain that social media and other tools that revolve around the internet are impossible to ignore. And the latest gadgets further quicken communication. As far as money managers are concerned, they have the opportunity to reach out to customers through social media sites such as Facebook or Twitter. In this way, they can give updates on financial news which is a highly valuable tool for those who are interested.

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