Shaw Capital Management Factoring Save Aggressively Start Early Adviser Says

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Bill Spitz wants to offer some of us smaller guys the type of investment advice usually reserved solely for luxury clients and big institutions.

As a director of wealth management firm Diversified Trust, Spitz uses his home base of Nashville to help individuals, families and others with everything from managing investments to trusts and planned giving strategies.

With a sour economy and still-skittish consumer confidence Szpic the economic landscape, Spitz thinks it is high time to redouble efforts to make sound investments.

Maintaining a diversified portfolio and standing up for sinking stocks are two central ways to maximize returns, Spitz said.

He said saving aggressively - and saving early - still rates as the most important piece of investment advice anyone can give to the average investor. Moreover, distinguishing between basic needs such as bills and food and extra cash is critical to minimizing risk.

In 2007, Spitz stepped down as chief investment officer at Vanderbilt University, a position he held for 22 years, overseeing the school's hefty endowment.

Spitz, 59, also sits on the boards of Acadia Realty Trust and London-based Cambium Global Timber Fund.

After graduating from Vanderbilt, Spitz attended the University of Chicago, where he earned a master's of business administration degree. He later wrote Get Rich Slowly: Building your Financial Future through Common Sense.

Business reporter Bobby Allyn spoke to Spitz about investingstrategies and how he expects the post-recession economy to evolve.