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Welcome to Walls Investments

At Walls Investments we provide both our private clients and corporate pension clients with sound, seasoned investment counsel. We are an independent Registered Investment Advisory firm that serves as fiduciaries for our clients. Accordingly, we are held to the highest ethical standards in the Investment Management Industry. With over four decades of investment experience, founder and president, Richard J. Walls, leads a team that creates a customized portfolio for each client and manages all aspects of the investment process.

Our Distinct Difference As a fully independent Investment Advisory firm, we are neither influenced by outside sources nor limited in the products and services we provide. Our clients benefit from a customized, integrated approach that includes financial planning in an overall wealth and investment management program. Walls Investments also incorporates extensive tax and legal planning into the formulation of each individual investment strategy.

Recent Blog Posts

DEFLATION...DEFLATION...DEFLATION

Rich Walls - Tuesday, January 19, 2016

The year-to-date stock market declines are the worst start for equities in recorded history. Pundits and guests on financial news networks have done a disservice to viewers by not speaking truth to what is, and what will likely continue to occur in capital markets, and our country, for the foreseeable future. Has anyone dared to utter the word “deflation”? Global central banks have flooded their respective countries with cheap money, and have vowed to continue their devaluation… except for ours! Our Federal Reserve has raised short term rates while simultaneously lowering their GDP estimates for our country. Why? Good question. The only two logical answers are that they are either politically motivated, unlikely, or that they are basing their decisions solely on only one of their two mandates prescribed by congress... unemployment. Leaving their other, and much more significant mandate of price stability (inflation) not only ignored, but shunned. This could not be more of a mistake in our view. Basing Fed policy decisions on a headline 5.0 unemployment rate, which is not reflective of what our actual unemployment/underemployment rate is, is a dangerous route for determining macro-economic policy.   Read More

All About the Dollar

HDM Admin - Friday, November 13, 2015

After enjoying a strong October following a disappointing Q3, equity markets are presently focusing on currency markets, specifically the U.S. dollar. With global central bankers currently easing monetary policy and the expectation that our Federal Reserve will tighten policy next month, the U.S. dollar has risen dramatically in the past few weeks. As the dollar index is now approaching the Spring highs, the markets have presently stalled as they factor in the negative earnings consequences resulting from a stronger dollar. Should the U.S. currency stabilize or decline in the coming weeks, our equity markets will take comfort in this development; it is all about the dollar.  Read More

Greece, Puerto Rico, Chicago, et al.

Rich Walls - Friday, July 17, 2015

In the July 16th, 2015 edition of the WSJ, columnist Greg Ip states it perfectly: “sovereign defaults are like cockroaches – there is seldom just one.” Spain, Italy, and Portugal, which share the Euro currency with Greece, face the same daunting task of paying down their enormous debt obligations in a time of economic stagnation. A country can reduce its large debt several ways: austerity, economic growth, and low real (inflation-adjusted) interest rates. “More common than appreciated, is the more radical step of restructuring debt by reducing interest, lengthening the maturity, or slashing the amount owed to creditors”, Ip says. In exchange for potential debt restructuring, creditors (like the IMF dealings with Greece) will require debtors to engage in pro-growth economic policies, fiscal belt tightening, and policies favoring low real interest rates. The massive global debt service requirements will continue to force central bankers to keep interest rates at extremely low levels for a very long period of time. This “financial repression” will likely be accomplished under the guise of prudential governmental regulations that require banks and pension funds to hold increasing quantities of governmental debt despite the paltry yields.  Read More

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