Many of our locations have returned to regular business hours.
The Cape Haze, Englewood Drive-Thru, Venice, Bowling Green, and Boca Grande locations are temporarily closed. Please check back for updates.
All locations will be closed Monday, Oct. 14, in observance of Columbus Day.
Today’s Chart of the Day is from Dresdner Kleinwort Macro Research and notes the average holding period of stocks since 1920.It went from a high of seven years in the 1960s to less than one year we see today.
The first decline in the 1960s was from the increased use of mutual funds, which attracted the longer-term investors. The second downward trend started after the government passed rule 19b-3 in 1975 which ended fixed commissions rates on stocks. This increased competition and investments in technology results in the nearly zero trading costs we have today.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.