The media is full of stories about Bernard Madoff, who allegedly lost somewhere between $17-50 BILLION by cheating his investors with a “Ponzi Scheme.” It is a story so similar to the WexTrust issue locally. While I feel sorry for the individual investors, some of whom were destroyed, they did forget the most basic rule … Continue reading Investors duped by Madoff broke basic investing rule
Welcome to The Flinchum File
I am an Accredited Investment Fiduciary at Bay Capital Advisors, an investment firm headquartered in Virginia Beach, VA. After retiring from Truist Bank, I started this firm to work more closely with a smaller number of clients, and it has been great! Our client load is about 25% of the national average.
Writing is not for the shy or the meek. It exposes a person’s mind and character. I hope you enjoy the view.
Supporting auto industry now saves wealth
Yesterday, the highly-regarded economist of Economy.com, Mark Zandi, testified before the Senate Banking Committee that a bankruptcy of the Big Three car makers would be a catastrophe for the wider economy, as well as the stock market. Upon questioning, he thought the $34 billion in loans being requested would be insufficient in the long run, … Continue reading Supporting auto industry now saves wealth
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