The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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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.

Another Old-Fashioned Greek Tragedy


A year ago, Greece narrowly avoided bankruptcy with a $156 billion bailout from the EU and IMF.  The funds would be paid in various tranches as certain improvements were made in the Greek financial position.  Since then, they have successfully cut their annual deficit by a third, to only 10.5% of budget.  During this process, … Continue reading Another Old-Fashioned Greek Tragedy

Above My Paygrade


A client sent me an article by Allan Sloan from Fortune dated May 2, 2011 entitled “The Hocus-Pocus Behind Paul Ryan’s Medicare Reform.” He is certainly no fan of Obama-care, calling it “long on regulations and short on common sense,” because it doesn’t penalize those who eat, drink or smoke too much nor deal with the malpractice lawyers. … Continue reading Above My Paygrade

Little Green Apples . . .


As sure as God made those sour little things, the Chinese are manipulating their currency, which makes it all the more puzzling when the Justice Department announced yesterday that China was not, in fact, guilty.  Only lawyers could get so side-tracked by trees that they cannot see the forest.  Economists can simply see the trade gap … Continue reading Little Green Apples . . .

What Do We Expect Greece To Do?


Austerity is a safe, clinical-sounding word that doesn’t describe what is really being asked of the Greek citizens.  Imagine yourself being told such things as: I know you’ve been planning to retire next year, but you’ll have to work another five years!I know you’ve been retired for several years, but we must cut your monthly check … Continue reading What Do We Expect Greece To Do?

When It Rains, It Spews?


There is an avalanche of bad news/uncertainty (which is the same thing to the stock market).  What will happen when QE2 ends?  What will happen if the Congressional children allow the U.S. to default?  Why do Greece, Portugal and now Italy keep getting downgraded?  Will the Euro survive?  Will the over-built real estate market in … Continue reading When It Rains, It Spews?

Bonding with Bonds . . .


Every weekday evening, you probably watch some earnest newscaster telling you the stock market was up or down, quoting the Dow, the S&P, and the NASDAQ closing prices.  But, he seldom mentions the much larger bond market.  Jim Cramer of CNBC describes the world of investments as an ice cream sundae, with the cherry on … Continue reading Bonding with Bonds . . .

Slimed by Association . . .


As I expect the stock markets to be volatile for the summer and fall, my interest was piqued when I learned there was a lecture on the latest techniques in volatility management at the NAPFA Conference in Salt Lake City.  I was hoping to hear the latest research on cash allocation per asset class of risk or … Continue reading Slimed by Association . . .

The Frying Pan . . . not the fire


Yesterday, I met with a person who was extremely critical of Ben Bernanke, Chairman of the Federal Reserve.  He felt the balance sheet expansion of the Fed was un-American and was simply an effort to save a Democratic President.  (Pointing out that Benanke was appointed by a Republican President seemed insignificant to him.) Thinking about it afterwards, … Continue reading The Frying Pan . . . not the fire

What! No CE?


As a NAPFA-Registered Personal Financial Advisor, I am required to have at least 60 hours of Continuing Education (CE) credits for re-certification.  This is the most demanding of any financial planning organization, and that’s why I’m attending their annual conference in Salt Lake City.  So, why did I come so far and spend so much money, … Continue reading What! No CE?

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