Paul Wick — The Survivor
“Widely recognized as a leading technology investor.”
Paul Wick
Paul Wick has been running the Seligman Communications and Information Fund since he was just 25 years old. He started managing the fund in 1989, when personal computers and the digital internet revolution were just beginning. Based on the impressive results this fund has achieved during the last twenty years of his tenure, Paul Wick is widely recognized as a leading technology investor. He is featured regularly in the financial media, and is a highly recruited speaker at technology and investor conferences. Paul received a B.A. in Economics from Duke University and an MBA in Finance from Duke's Fuqua School of Business.
Paul credits his ability to survive the technology melt-down earlier this decade by his willingness to do things different than most other technology managers. Instead of getting swept up into the mania, Paul looks for proven companies with reasonable valuations that generate "boatloads of cash", have a built in customer base and promising growth opportunities to expand their sales. He also looks for companies that do not have a lot of competitors. "It's like having the wind at your back," Paul said in a recent interview.
Paul is a golf and tennis buff who stays in great physical and mental shape. Although he has not yet turned 50, he is clearly the long-time technology sector veteran. We believe Paul Wick's vast experience and more conservative and disciplined investment approach will help his fund clients not only survive, but thrive in the years ahead.
The fund we are investing in to gain access to Money Master Paul Wick is:
| Fund Name: | Seligman Communications & Information Fund |
| Fund Symbol: | SLMCX |
| Fund Summary: | |
The Seligman Communications & Information Fund seeks capital appreciation. The fund invests at least 80% of assets in common stocks issued by companies that operate in the communications, information, and related industries. It invests in companies operating in the information technology and telecommunications sectors as well as those in the media industry. The fund may invest up to 25% of net assets in foreign investments.
Click here for the Fund Fact Sheet.
* Notes: The 10-year average return shown for SLMCX is for the 10-year period 01/01/02 - 12/31/11. The average was calculated by adding the results for the 10 consecutive calendar years shown and dividing that result by 10.
The 10-year average return and 10 individual annual performance results are shown with all dividends and gains reinvested and are net of all fund fees. All fund expenses have already been deducted from the percentage results shown.
Source for Calendar year results: Zephyr StyleADVISOR
Past performance is no guarantee of future results. Actual future results will vary.
The Retirement Corporation of America (RCA) is under no obligation to use featured managers or funds and will change managers should they fail to meet our selection criteria.
Information pertaining to RCA's advisory operations, services and fees is set forth in RCA's current disclosure statement (copy available upon request from RCA).