PROVO, UT, Nov 24 (MARKET WIRE) --
Paragon Wealth Management celebrated 23 years of business this month.
"I started the company in 1986 to give investors a smarter way to invest,"
said David Young, President of Paragon Wealth Management.
Young started his career as an entrepreneur. He opened over a dozen
successful businesses in the early 1980's. In 1985, he sold his businesses
and wanted to invest the proceeds, but was unable to find a wealth
management firm to meet his needs.
Young began conducting extensive research to find the best ways to invest.
After a year of research and trial and error, Young opened Paragon for
business. At first he managed his money and his friends' and family's.
When he avoided the 1987 crash, his methods sparked a lot of interest from
investors and his company began to grow.
"In the early years of Paragon, while managing my own money, I built and
tested basic quantitative models that determined when to be in or out of
the equity markets," said Young. "The models measured, monitored, adjusted
and changed the investments as market conditions changed."
Young said the largest obstacle he faces in the investment industry is a
bear market. Young displays a 9 1/2 foot grizzly bear in his office that
he hunted in Alaska to show that he "killed" the bear. As an avid hunter
and outdoorsman, Dave has stared risk and uncertainty in the face many
times while harvesting some world record book animals. At Paragon, in a
similar way he has survived three major bear markets and many mini bears
over the past 23 years.
Today, Young continues to research and find ways to improve Paragon's
portfolios. Paragon is known for its flagship portfolio called Top
Flight. It has generated a total return of 323.01% versus 30.82% for the
S&P 500 from its inception on January 1, 1998 through October 31, 2009.
Its compound annual return is 13.16% versus 2.33% for the S&P 500. (Visit
www.paragonwealth.com to see complete track record and full disclosures).
About Paragon Wealth Management
Paragon Wealth Management is a wealth management firm that was established
in 1986. They actively manage all types of traditional and retirement
accounts such as IRA and 401(k) rollovers, and pensions and trusts.
Paragon has fiduciary responsibility. Call 800-748-4451 for more
information.
Paragon cannot guarantee the accuracy of information from other sources.
Opinions are as of the dates indicated only. This report is not a
solicitation for any security. Past performance is not a guarantee of
future results. Investment performance reflects time and size-weighted
geometric composite returns of actual client accounts. Investment returns
are net of all fees and costs. The S&P Index is a diversified, size
weighted index of 500 stocks.
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