About FNB Investment Accounts
With FNB investment accounts, investors can purchase a series of funds managed by FNB to invest in their own portfolios. Learn how investment accounts are generally not insured, though savings accounts will be, with information from an investment consultant in this free video on investing.
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Hello. Do you live in Pennsylvania or Ohio? Is FNB where you do your banking? Hi, I'm Roger Groh of Groh Asset Management. Today, we're here to talk about investment accounts at FNB -- what they mean, how you can use them, and the different types of accounts that you may be able to use. Maybe you hold your IRA there. Maybe you hold your 401k there. Perhaps you've made a direct investment through them. Maybe it's your personal account. Well, through all of those, you can buy a series of funds, either managed by FNB or through funds that they will let you purchase, which are most major funds, and invest them in your own portfolios. The types of investment account? Well, it really depends upon the type of asset that you...that's appropriate for that investment style. If it's a tax exempt account, that's a terrific place to put assets that have large amount of income because that income is sheltered until you withdraw the money. On the other hand, if you're more interested in capital gain, perhaps having that in a taxable account is better for you, as cap gains tax today is 15 percent, which is modest, when you start to think about total returns over a 10, 20, 30 year period. Remember that in a bank much like any other company, your investment account generally is not insured. So your savings may be, but your investment portfolio will not be. So buy safely and buy carefully. In addition, smaller banks, well, if you need to be careful, look at the environment surrounding that bank. Are real estate prices going up or down? Banks do well when real estate prices are flat to going up. Banks generally don't do well when real estate prices are going down. So look carefully at the markets where your regional bank operates, and if real estate prices are moving up, you can feel a little more comfortable with the safety of that bank. Most investment portfolios are not guaranteed. Most savings account are. But you need to look very carefully at each product to determine the risk. Do this very carefully. Spend the time and the energy in order to protect your asset and make the best investment choice for you. I'm Roger Groh. That's a little bit about FNB Corporation. Thank you very much for spending time with me.