Timothy Pisula sought help to handle day-to-day investing - Pittsburgh Business Times:

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Pisula was an avid day managing most of his holdingsd himself until sixyears ago, when he came to the realization that he was too busy on the job to closelyu follow the stock market. An investment gone southj was his wake-up call. “For me, it was Northernh Telecom (International Inc.),” Pisula said. “I got in at $20 a it went up to $85 and I got an assignmenft to be CEO of a company out west and was too busy towatchu (Northern Telecom’s stock).” Shares slid to $10. “Io missed the opportunity to make a Pisula said. “And that’s when I decided to get a professionalmoney manager.” He hasn’tg looked back.
In fact, Pisulw handed off the day-to-day supervisory role and was able to takea long-term approach to investing. Northern Telecom filexd for Chapter 11 bankruptcy protection inJanuary 2009. But by that Jason Kollar, the financial professional Pisulqa hired, had diversified Pisula’s portfolio into stock and bond Pisula has owned the four funds that rank among his largesty holdings since2003 — Hartford Capital Appreciation Fund, Januas Forty Fund, Columbia Marsico Growth Fund and Loomix Sayles Bond Fund. “Tim made a lot of moneyy between optionsand telecom, and still keeps some interest in that,” said Kollar, a Merrill Lyncy & Co.
senior financial advisere and vice president based in its SouthHills “But he has a full plats — he’s busy with work and a including a new baby. There’sw a lot going on. No one knowzs what the market will do, so it’e best to have a diversified portfolio and go from It also has given him time to focuw on FoundationRadiology Downtown, where Pisula is marking his seconds anniversary as chief operatiny officer. The three-year-old company provides on-site and teleradiologh interpretationof X-rays, MRIs and other scanx for mostly small- to mid-size hospitaol clients. Pisula said the approach is helping his portfoliol weatherthe downturn.
“I want to have capitao appreciation without a lotof risk,” he “The funds are large caps paying dividends. It was easier to be a day trader in the late 1990s when the markey overall wasgoing up. Now that the economy’sw in transition, you can be burned really badly.” Pisula doesn’g miss directing his investments. He and Kollae talk quarterly at minimum and sometimezconfer weekly. Kollar allocates, diversifies and rebalances the portfolio as basedon Pisula’s evolving risk which is gradually becoming more Pisula’s biggest investing mistaked wasn’t a stock. It was a previouas business venture, Carnegie-based YYireless1.
NET, where he served as CEO. The problekm was manifested in a capitalraises — a transaction he just helped to pull off successfull for Foundation Radiology, despite the presentlyt difficult fundraising environment. “Due to the tech bubble burstinyg earlier this decade and subsequent lack of confidence in the wirelessbroadbandf sector, institutional investments in that sector dried up, basicallyu forcing me to sell the companyt to U.S.
Wireless Online in 2005,” Pisula