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MDH Investment Management, Inc. is an investment advisory firm registered under the Investment Advisors Act of 1940 with the Securities and Exchange Commission and is an independent subsidiary of Tri State First Banc, Inc.
The founder and President of MDH Investment Management, Inc. in East Liverpool, OH, Dr. Hoffrichter is a plain-spoken, highly respected, former practicing dentist turned investment manager. Since starting MDH Investment Management back in 1983, he has earned the trust of over a hundred clients in 14 states, including many dentists.
Dr. Hoffrichter's primary investing strategy is classic contrarianism: buy when people are selling, and sell when people are buying. His ultimate goal is to achieve for his clients steady profits over the long term while protecting their capital. In market downturns, he buys, and in overpriced markets, he sells. This strategy, he says, has helped him to earn strong returns for his clients.
He argues that desipte conventional investing wisdom, it is possible to time the market, to move aginst trends and to make money by investing when things seem bleakest.
"You can time the market," he proclaims. "That whole argument that you can't time the market, I couldn't disagree more."
Dr. Hoffrichter is also not a big fan of mutual funds, which, he argues, provide little protection from the effects of a down market, since they follow the market as a whole.
Similarly, he does not like to buy-and-hold philosophy promoted by many investors.
"The buy-and-hold approach is a bogus strategy," said Dr. Hoffrichter. "People think that a diversification of mutual funds is the answer, but it's not."
Even in market downturns like the current one, Dr. Hoffrichter's clients say his contrarian strategy has served them well.
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