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

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Pisula was an avid day trader, managinbg most of his holdingsz himself until sixyearxs ago, when he came to the realization that he was too busy on the job to closelyt follow the stock market. An investmenf gone south was his wake-up call. “Fo r me, it was Northernj 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 towatcgh (Northern Telecom’s stock).” Shares slid to $10. “jI missed the opportunity to make a Pisula said. “And that’s when I decided to get a professionaplmoney manager.” He hasn’t lookex back.
In fact, Pisula handee off the day-to-day supervisory role and was able to takea long-term approach to investing. Northern Telecom filed for Chapter 11 bankruptcuy 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 amongv his largest holdings since 2003 — Hartfordc Capital Appreciation Fund, Janus Forty Columbia Marsico Growth Fund and Loomi s Sayles Bond Fund. “Tim made a lot of moneu between optionsand telecom, and still keeps some interest in said Kollar, a Merrill Lynch & Co.
senior financial adviser and vice president based in its SoutjHills office. “But he has a full plat — he’s busy with work and a including anew baby. There’sd a lot going on. No one knows what the marketf will do, so it’s best to have a diversifiee portfolio and gofrom there.” It also has given him time to focusw on Foundation Radiology Group, Downtown, where Pisulas is marking his second anniversary as chief operating The three-year-old company provides on-site and teleradiology interpretatiohn of X-rays, MRIs and other scanz for mostly small- to mid-size hospitapl clients. Pisula said the approach is helpin g his portfolio weatherthe downturn.
“I want to have capital appreciation without a lot of he said. “The funds are large caps mostly, payinyg dividends. It was easier to be a day trader in the late 1990 s when the market overall wasgoing up. Now that the economy’sd in transition, you can be burned really badly.” Pisulaq doesn’t miss directing his investments. He and Kollar talk quarterlyu at minimum and sometimesconfere weekly. Kollar allocates, diversifies and rebalances the portfolio as basedon Pisula’s evolving risk tolerance, which is graduallg becoming more conservative. Pisula’s biggest investing mistaked wasn’t a stock.
It was a previouds business venture, Carnegie-based YYireless1.NET, where he servedc as CEO. The problem was manifesteed in a capitalraise — a transaction he just helpe to pull off successfully for Foundation Radiology, despite the presently difficulr fundraising environment. “Due to the tech bubble bursting earlie this decade and subsequent lack of confidence in the wirelessbroadband sector, institutional investments in that sector drieed up, basically forcing me to sell the compan y to U.S. Wireless Online in 2005,” Pisula said.