A Black Monday Redux?

Contributed by Lewis J. Walker, CFP® The headline startled: “Dow plummets…on a wave of panic selling; 22% drop exceeds worst day in 1929.” The date was Tuesday, October 20, 1987, and the front-page above-the-fold story in the Minneapolis-St. Paul Star Tribune chronicled the carnage on Wall Street on what became known as Black Monday. My…

Why $1 Million Aint’ What It Used To Be

Contributed by: Lewis J. Walker Inflation does a number on your wealth. Time was that having $1 million meant you were rich. Lewis Walker, a financial planning and investment strategist at Capital Insight Group in Peachtree Corners, Ga., explains what you can do to combat a wealth shortfall: A report from Boston Consulting Group focused on the growing global wealth gap.…

Fruits of Creative Destruction

Contributed by Lewis J. Walker, CFP® In his 2001 Chairman’s letter during the “tech wreck” market downturn, Warren Buffett observed, “Only when the tide goes out do you discover who’s been swimming naked.” To extend the swimming analogy, if a business leader or company gets caught in a rip current of change, some will just…

Efficient and Affordable Education

Contributed by: Lewis J. Walker, CFP® Planning for higher education expenses looms large for those with potentially collegebound children. Ditto for college graduates and adults seeking postgraduate education and skill upgrades. A May 2017 article in Delta Sky magazine, “Higher Education in the Fast Lane,” by Leah Ingram, noted trends offering “a better education more…