The Forest Lake Times

Dave Purdy, president of Wealth Management Midwest, 20 N. Lake St., Forest Lake, was recently recognized in Washington, D.C. as a top financial advisor and named to the LPL Financial Patriot’s Club. This distinction is based on a ranking of all registered advisors supported by LPL Financial, the nation’s largest independent broker-dealer, and is awarded [...]

David Purdy Business Columnist Life is all about risks. As president of Wealth Management Midwest, I’m well aware of the risk taking game. But I never thought I’d hear a debate on whether or not a college education was worth the risk. Getting a college education was always the goal, no questions asked. And that [...]

Calming words after deadly freeway crash claimed 4 lives David Purdy Business Columnist Like so many others, I was heartbroken when I heard about the four Minnesota teens killed in a car accident near Alexandria recently. They were traveling back to NDSU. They had almost made it. They were about 100 miles from the campus [...]

Dave Purdy Financial Columnist Sometimes as one year passes to the next, we reflect fondly on the events of the year before. Unfortunately, for so many of us, 2011 was not that kind of year. Market-moving events throughout 2011 resulted in extreme volatility. Performance across stocks, bonds, and commodities—and the ups and downs of the [...]

Dave Purdy Financial Columnist “In the Grand Canyon, Arizona has a natural wonder which is in kind absolutely unparalleled throughout the rest of the world. I want to ask you to keep this great wonder of nature as it now is. I hope you will not have a building of any kind, not a summer [...]

Dave Purdy Times Columnist Keep your nose to the grindstone. Pull yourself up by your bootstraps. Keep your eye on the ball. When the going gets tough, the tough get going. During these uncertain times, phrases like this tend to be buzz words. And that’s a good thing. Because it’s what we need to hear. [...]

David Purdy of Wealth Management Midwest, Forest Lake, was recently recognized for his success as a member of Peak Advisor Alliance, the country’s largest financial advisory coaching and resources program. The conference in Omaha, NE,  included some of the top wealth advisors in the country. In addition to being recognized as a 10-year charter member,  [...]

It joins July 4th as an important American day David Purdy Financial Columnist No one will ever forget where they were when the horror and disbelief of the events on September 11, 2001 unfolded. On an otherwise perfect late summer morning, the unimaginable materialized before our very eyes as the cloudless blue sky laid witness [...]

Debt ceiling decision does not go far enough Dave Purdy Financial Columnist The hard fought debate in Washington has come to an end. A two-step deal to lift the debt ceiling by $2.1 trillion and cut about $2.4 trillion in spending over a decade has been signed into law. The increase to the debt ceiling [...]

From 2007 to 2010, budget deficit up $3.3 trillion Dave Purdy Financial Columnist Do you remember the good ol’ days? Yes, we’re talking about the four-year period between 1998 and 2001 when the U.S. government pocketed a budget surplus of $559 billion, according to the Congressional Budget Office. By contrast, in the four years between [...]