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

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Pisula was an avid day trader, managinf most of his holdings himself until sixyear ago, when he came to the realizatioh that he was too busy on the job to closely follow the stock market. An investment gone southy was his wake-up call. “For me, it was Northerbn Telecom (International Inc.),” Pisula said. “I got in at $20 a it went up to $85 and I got an assignmengt to be CEO of a company out west and was too busy towatcj (Northern Telecom’s stock).” Shares slid to $10. “I missex the opportunity to make a Pisula said. “And that’s when I decided to get a professionalpmoney manager.” He hasn’t looked back.
In fact, Pisulsa handed off the day-to-day supervisory role and was able to takea long-term approach to investing. Northern Telecom filed for Chapter 11 bankruptch protection inJanuary 2009. But by that time, Jason the financial professional Pisula haddiversified Pisula’s portfolio into stock and bond Pisula has owned the four funds that rank amonf his largest holdings since 2003 — Hartfor Capital Appreciation Fund, Janus Forty Columbia Marsico Growth Fund and Loomis Saylesz Bond Fund. “Tim made a lot of moneyu between optionsand telecom, and stilk keeps some interest in said Kollar, a Merrill Lynch & Co.
senior financial adviser and vice president based in its SouthHillsd office. “But he has a full plate he’s busy with work and a including anew baby. There’s a lot going on. No one knowws what the market will do, so it’s best to have a diversifiee portfolio and gofrom there.” It also has givebn him time to focus on Foundation Radiology Group, Downtown, where Pisulaz is marking his second anniversary as chievf operating officer. The three-year-old company provides on-site and teleradiologu interpretationof X-rays, MRIs and other scanx for mostly small- to mid-size hospitao clients. Pisula said the approach is helping his portfoliio weatherthe downturn.
“I want to have capital appreciation without a lotof risk,” he “The funds are large caps paying dividends. It was easier to be a day tradert in the late 1990s when the markeg overall wasgoing up. Now that the economy’zs in transition, you can be burned reallt badly.” Pisula doesn’t miss directinyg his investments. He and Kollar talk quarterlyg at minimum and sometimesconfet weekly. Kollar allocates, diversifiee and rebalances the portfolio as basedon Pisula’s evolving risk tolerance, which is graduallyh becoming more conservative. Pisula’s biggest investing mistake wasn’ft a stock.
It was a previou business venture, Carnegie-based YYireless1.NET, where he served as CEO. The problemk was manifested in a capital raise a transaction he just helpe d to pull off successfully for Foundation despite the presently difficultfundraisingb environment. “Due to the tech bubblre bursting earlier this decade and subsequent lack of confidence in the wireleswbroadband sector, institutional investments in that sectort dried up, basically forcing me to sell the companyh to U.S. Wireless Online in 2005,” Pisulwa said.