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.

Bypassing Washington


Q.  What happens when you put three Republicans in a room to write a report? A.  BSQ.  What happens when you put three Democrats in a room to write a report?A.  BSQ.  What happens when you put a Republican, a Democrat, & a Independent in a room to write a report?A.  Sadness I salute the … Continue reading Bypassing Washington

Just One More Death


My father was a proud veteran of World War II and participated in the liberation of the Auschwitz concentration camp, where countless Jews were murdered.  He never talked about the horror of it, except to recall how hard the ground was (as only a farmboy would) .  The fact that he wouldn’t talk about it … Continue reading Just One More Death

Dallas Buyers Club . . . sorta


In the vein of Freakonomics or finding economic principles in everyday life, please enjoy this review of the Oscar-winning movie: 

A Good Probe


Suppose you own $200 million of XYZ Company stock and want to sell half of it.  If you simply hit the SELL button and flood the market with stock, the price will go down, reducing the value of the stock you sold, plus the stock you kept, plus the value of stock held by other … Continue reading A Good Probe

Gold Reflections


After a ten year bull market, gold has been leaking value for the last three years.  However, technical analysts think it may be getting ready for another bull run, because it is pushing up against the red resistance line in this graph. To a fundamental analyst like myself, I see the recent strength in gold … Continue reading Gold Reflections

A Tiny Right Saved ?


For most of us, there is no greater pain than the loss of a loved one.  Fortunately, psychologists assure us that the pain decreases over time.  But, what about the loss of a right?  Felons tell us that losing the right to vote, for example, is always an annoyance.  The elderly tell us that losing … Continue reading A Tiny Right Saved ?

OMG !?!


Let’s see . . . the labor market is improving, albeit slowly but steadily improving . . . corporations are highly profitable and sitting on a trillion dollars in cash . . . May home sales were the highest in seven years . . . consumer confidence is at the highest point since the global … Continue reading OMG !?!

Ignoring Air-Pockets


The Conference Board has been around since 1916 and is a private, non-governmental research body funded mostly by corporate contributions to do economic research.  It is well-respected and well-known for two reports in particular.  One is the Index of Consumer Confidence. The other is the Index of Leading Economic Indicators or LEI, which predicts economic … Continue reading Ignoring Air-Pockets

On Being The Fed Head


Just imagine that your congressman stood on the House floor and proposed spending another $175 BILLION that is not providing any new service to Americans nor enhancing any existing service nor building any infrastructure nor financing any new wars.  Would you ever vote for him/her again? A one percent increase in interest rates on our … Continue reading On Being The Fed Head

Asset Protection & Crooks


Asset Protection Trusts (APT) are designed to protect assets from lawsuits and ex-spouses and have existed for many years.  During my trips to Switzerland in the 1990s, I studied them closely and also became convinced that there are more crooked financial advisors pushing these trusts than any other field in financial planning.  Normally, I urge … Continue reading Asset Protection & Crooks

Fed Day Forecast


Wednesday is a Fed Day, which means the stock market will continue to simply churn, as it waits for some statement from the Federal Reserve Bank, usually at 2:15 PM.  As is normal, they have to make an important decision based on incomplete and contradictory economic data.  And, by the way, they are also human. … Continue reading Fed Day Forecast

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