Yesterday, we learned that the fourth quarter was worse than we thought. In fact, it was the worst in 26 years. We thought our economy shrank 3.8% but learned it actually shrank 6.2%. Not too surprisingly, the stock market was disheartened and lost even more wealth. The perspective of time is everything. When we were … Continue reading Stock market actions should be observed with steady hand
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.
Job loss mounts worldwide
The Jobs Report this morning showed another 598,000 Americans lost their jobs, the most in 35 years. The unemployment rate jumped from 7.2% to 7.6%. Totally heart-breaking! Don’t look for foreclosures to slow down . . . So far in this recession, 3.5 million of us have lost our jobs. But, that pales in comparison … Continue reading Job loss mounts worldwide
We are a fee-only advisor providing best interest fiduciary services to clients
in
Chesapeake, Newport News, Norfolk, Suffolk, Virginia Beach, Williamsburg, and the surrounding areas of Hampton Roads.
