About Means
Means Investment has been serving investor needs since 1935. David G. Means began the business with sound principles. He believed that (in his words) "one should not overreact to good news or bad news. If you study the management of a company, the industry in which it is a part, historical statistics, use your good common sense and be patient, more times than not you will be bountifully rewarded". Further, David Means believed that savings put to work in stocks would provide greater returns if investors used disciplined strategies.
Investment strategies like slowly accumulating positions when stocks are down, reinvesting dividend income, holding positions for long periods of time and then when taking profits, only slowly reducing your positions. The basics - like not putting all your eggs in one basket (diversification) and not speculating on the timing of a stock, were innate to the "Means philosophy". He believed in fundamental analysis but he knew that irrational forces including fear, greed and ignorance, could effect stock prices in the short run - but over the long run, fundamental value would prevail.
As the oldest independent investment firm in Central and Northern Maine, Means Investment has had to adapt to many of the dynamics of an ever changing market and certainly cannot rest on the laurels of its 75+ years of success.
Today, Means uses National Financial Services, LLC as it's Clearing Agency. This relationship has allowed the firm great efficiency in the management of all back-room operations and access to an overwhelming abundance of research information. Yet, it is the conservative investment philosophy and strategies of David G. Means that remain the bedrock foundation on which the firm and its clients continue to prosper.
Investment Professionals
Paul B. Means
President and Owner
Donald R. Mitchell
Vice President / Senior Registered Options Principal
John R. Dudley
Vice President
David Cust
Financial Advisor
Zachary P. Means
Financial Advisor
Support Staff
Cindy O'Keefe
Operations Manager
Audrey Trafton
Bookkeeper
Kristine Selleck
Senior Relationship Manager
Lynn M. Thibeau
Relationship Manager
Alex Means
Relationship Manager
Recent News
01/03/2012
Means Mission Statement
It is our mission to exceed our clients' expectations in our commitment to their financial success. Our...
01/02/2012
Means Commercials Rolling Out
Means Investment Company has developed 3 new commercials that will air in Central and Northern Maine. ...
12/14/2011
Means 2011 Year-End Holiday Booklet Is Here!
Every year our President, Paul Means, puts together a holiday booklet. It summarizes the year and...