Covington Investment Advisors, Inc. Blog

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Patrick Wallace meets Jim Fowler of Mutual of Omaha's Wild Kingdom

         I had a most enjoyable evening last night attending a private dinner with Jim Fowler, co-host and host of the popular television series Mutual of Omaha’s Wild Kingdom. I grew up watching Wild Kingdom and learned to appreciate the natural world all the more because of Mr. Fowler’s educational approach and his cavalier attitude. Fowler is a renowned naturalist and professional zoologist. His mission as a naturalist includes educating the public about wildlife species throughout the world and preserving the environments in which the animals live. He continues to emphasize the benefits of spending time in the great outdoors. Photo from:    After Marlin Perkins saw Fowler’s appearance on NBC’s Today Show in 1961, he invited him to co-host the pilot for Mutual of Omaha’s Wild Kingdom. The show premiered on January 6, 1963 and engaged millions of viewers as Perkins and Fowler took them to...
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"Discount Chuck" is at it again

Charles (“Chuck”) Schwab started the Charles Schwab Corporation in 1971 as a traditional brokerage company and in 1974 became a pioneer in the discount brokerage business. In 1975, after a Securities and Exchange Commission mandate deregulated trading commissions, Chuck established a series of radically different policies, including cutting the charges to his customers in half compared to his competitors. He was known for offering a combination of low prices with fast, efficient order executions and soon became the nation’s largest discount broker. Today, Charles Schwab Corporation is the nation’s largest publicly traded investment services firm with around $2.83 trillion in client assets. Schwab lowers the cost of investing Bernie Clark, EVP and Head of Charles Schwab Advisor Services, announced that in an effort to put advisors and their clients first, Schwab is now lowering the cost of investing. Schwab made this change to not only help advisors better serve their clients...
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A Cup of Christmas Caution

 With the memory of the recent Distributed Denial of Service (DDOS) attack on a part of the internet that redirected traffic fresh in my mind, I was taken aback when I read an article stating that over eighty different Sony products that connect to the internet can easily be hacked. And then I read another article about a new botnet attacking the West Coast using the Internet of Things (IoT).  This Internet of Things has many useful, geeky and otherwise, nifty-neato things.  We have thermostats, security cameras, appliances and home entertainment gadgetry that can be remotely accessed by our smartphones and other carry along devices.  Therein lies the double edged sword.  The Mirai botnet used to attack these connected devices has caused some of the largest DDOS attacks this year.  It did not need to infect a PC as we think of computers but instead used the small computers in internet...
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    “One of the greatest dignities of humankind is that each successive generation is invested in the welfare of each new generation.” – Fred Rogers   "Art and music education help children develop abstract thinking that helps them in the business world.” – Alan Greenspan     On October 1, 2016 Covington Investment Advisors sponsored the opening night concert of the 48th season of the Westmoreland Symphony Orchestra.  As the Orchestra began their season the staff and guests of Covington Investment Advisors enjoyed “Brasstacular” at the Palace Theatre.  This concert featured Brandon Ridenour on trumpet with Daniel Meyer conducting.  Musical selections included Trumpet Concerto by Arutiunian; Dvorak’s Symphony No. 8 and the very familiar William Tell Overture by Rossini.   At Covington not only do we strive to meet our clients’ financial goals we also focus on making a difference in our community.  Fostering creativity in our schools is the key to...
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Annuities: Pros & Cons

                             Annuities “Annuities are not bought, they’re sold" An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment for periodic payments to you in return. There are three types of annuities; fixed, indexed, and variable. Fixed: The Insurance Company agrees to pay you no less than a specified rate of interest during the time your account is growing. Indexed: The Insurance Company credits you with a return that is based on changes in an index (such as the S&P 500 Composite). Variable: You can choose to invest your purchase payments from among a range of different investment options, typically mutual funds. Your payments will be based off of the performance of the investment options you chose. You can choose between an Immediate Payout or a Deferred Payout: Immediate: You exchange your lump...
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Covington Investment Advisors, Inc.
301 E. Main Street
Ligonier, PA 15658
Phone: 724-238-0151
Fax: 724-238-0148