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.

Crazy Talk


How often have you heard someone say “I can’t wait until I turn 65 and retire.”  That’s crazy talk! First, age 65 as a retirement age was set long before we enjoyed greater life expectancy. Second, with unemployment at 3.6%, the sun is shining, and it’s time to bank more money. Third, you can no … Continue reading Crazy Talk

Quick Manufacturing Update


President Trump made improvement in manufacturing a campaign priority in 2016.  For two years, that sector did improve but has started to falter.  It would easy to say this is entirely due to the Trump’s trade war, but that doesn’t tell a fair story.  Worldwide, manufacturing is slipping, for reasons unrelated to the trade war, … Continue reading Quick Manufacturing Update

Agriculture Update


Farmers have long been respected as tough and scrappy, working hard and facing constant hardship — true American heroes.  Today, farming is just another industry, albeit an important one.  I just read an analysis of the agricultural industry that is too dense to summarize.  However, here are some of the factoids I found interesting: The … Continue reading Agriculture Update

False Alarm


If you loan me money and want repayment in one year, there are few things that can go wrong over that year, which would make me unable to pay.  If you loan it to me for thirty years, there are many more things that can go wrong, making me unable to pay, especially inflation over … Continue reading False Alarm

A Soft Number


Sociologists have marveled about the increasing divorce rate for the over-60 age group.  One consequence of our increased life span is that we’re out-living our marriages. As a financial planner, people come to me for hard numbers and are disappointed when I remind them there is more to retirement planning than finding “the magic number.”  … Continue reading A Soft Number

Walk and Chew Gum


Not too many years ago, I listened to a native of Fort Worth, Texas, discussing food with a person from Liverpool, England.  It was a good-natured discussion of who had the best food.  Actually, it was hilarious, because they couldn’t understand each other.  They were both speaking English, that is the English they are used … Continue reading Walk and Chew Gum

Dancing Monkeys


I couldn’t bear watching more than 15 minutes of the Democratic debates.  It was painful.  While I’m sure they are all very nice people, this process morphs them into dancing monkeys, answering questions designed to entrap and defending proposals that will never be heard again.  It is little different than the equally stupid process used … Continue reading Dancing Monkeys

World’s Fed


Yesterday, the Federal Reserve System of the United States of America did two things.  First, they decreased interest rates by a quarter point (25 bps).  The stock market however wanted a half point (50 bps), and the Dow promptly dropped 333 points.  The market also wanted the Fed to promise that this was only the … Continue reading World’s Fed

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