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.

Educated Company


One big loser in November’s election was gridlock, and I’m glad.  The other big loser was globalization, and I’m sad . . . very sad! At least, I have good company.  According to research by The College of William and Mary, my old alma mater, there is an inverse relationship between educational level and disdain … Continue reading Educated Company

Interesting Research


Vanguard has done some interesting work.  They looked at the stock market for every single day from 1990 until 2015.  During that 25-year period, they identified the 20 best days and the 20 worst days.  What they learned is that these 40 different days, both up and down, tended to be clustered around geopolitical events … Continue reading Interesting Research

When Was America Great?


President-Elect Trump’ s excellent campaign slogan of “Make America Great Again” begs the question of when was America great before?  A friend sent me an article by Karl Malentes in The New York Times entitled “Vietnam: The War That Killed Trust.”  It was sobering a read, for example, that 65% of Americans are too young to remember … Continue reading When Was America Great?

Swamp Lawyer


The Securities & Exchange Commission is charged with the responsibility of protecting America’s investing public.  Since the Great Recession, they have been aggressively policing stockbrokers and financial advisors . . . very aggressively!  I think it had something to do with shutting the barn door on a timely basis. The problem with such aggressive policing … Continue reading Swamp Lawyer

Bragging Rights


Politicians receive too much credit when the economy is good and too much blame when the economy is bad.  President-Elect Trump will take office when we already have full employment.  President Obama “produced” twelve million jobs during his tenure.  There is no way his successor can be so lucky. For the last twelve months, our … Continue reading Bragging Rights

2017 — Off To A Good Start


For the last six months or so, the economic data has been generally improving.  Yesterday’s ISM report is a continuation of that pleasant trend.  It indicates that the manufacturing sector is the strongest it has been in two years!  This comes despite the disturbing 5% rise in the dollar since the election and weakening global … Continue reading 2017 — Off To A Good Start

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