The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
Subscribe to the Flinchum File
View Archives

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.

The Real Gold Standard


Readers know my description of bitcoin has always been  that it is an elegant solution to a non-existent problem.  One of the supposed benefits of bitcoin is that it was a store-of-value during a crisis.  Well, during this crisis, the price of bitcoin has fluctuated over a wide range between $13,208 and $6,320 during the … Continue reading The Real Gold Standard

The French Front


Greg and Joan Wright are longtime friends, who retired in Virginia Beach, before fulfilling their dream to live France.  I miss them!  From time-to-time, Greg updates his friends on life in France.  As a retired lawyer, he writes well, with a distinctive wry style.  They are experiencing the pandemic in ways both similar and different … Continue reading The French Front

The Trauma of War


President Trump rightly said that he is waging a war against an invisible enemy.  Estimates of fatalities from this war range from a high of 2 million Americans to a low of only 80 thousand over six months — truly horrific!  While all deaths are tragic, some comparison with “normal” wars against a visible enemy … Continue reading The Trauma of War

In Praise of Math


Dr. Jeremy Siegel is a celebrated professor at Wharton and author of “Stocks for the Long Run.”  He is also my longtime favorite investment thinker.  I’ve read his books and listen to him whenever possible.  Yesterday, I listened to him again and realized that there is a disconnection that has been bothering me.  He argued … Continue reading In Praise of Math

A Thank-You Note


My father was a fireman.  He was always a little embarrassed that he was “just” a blue-collar worker.  As a boy, I imagined him running into burning buildings and thought he was a genuine hero.  Even after the firemen of New York proved their heroism during the 9-11 tragedies, when America lauded its firemen and … Continue reading A Thank-You Note

AOC Wins . . . and Dick Cheney too!


In 2002, Republican Vice President Dick Cheney said “Reagan proved deficits don’t matter.”  Unfortunately, his comment unleashed a serious question – do deficits really matter at all?  Modern Monetary Theory (MMT) emerged from that discussion and has since been popularized by Democratic Representative Alexandria Ocasio-Cortez (AOC). Under MMT, the U.S. Treasury can spend ANY amount … Continue reading AOC Wins . . . and Dick Cheney too!

Quarantine Chore #3


If you are one of the millions under a Stay-At-Home order, if you are one of the millions “working-from-home”, if you are retired and worried, the first thing you should do is turnoff the television.  You can do nothing about it, and it ruins your day.  How about using your time more wisely . . … Continue reading Quarantine Chore #3

A better perspective . . . ?


Every profession has its own professional association, and every professional association has conferences, where some professionals gather in the bar during the evenings.  Gray-headed professionals often snicker at the innocence of younger professionals, especially if they are not there. When gray-headed investment strategists gather in the bar, the classic “put-down” used for absent younger strategists … Continue reading A better perspective . . . ?

NOT. . . A Bunch of Monkeys


The difference between a barbarian and an intellectual is more than just a change of clothes. All my life, I’ve heard the evil government is going to take my guns and my property.  That is simply irrational.  Maybe, some people have a need for paranoia?  Nonetheless, gun sales are already up 17% this year, with … Continue reading NOT. . . A Bunch of Monkeys

Odd Thanks


Barely a decade ago, the nation was sliding into a recession, one that became known as the Great Recession for good reason.  Like the Great Depression, the financial sector was at the heart of those economic problems.  In 2010, Congress required banks of all types to increase capital, as a buffer to absorb future losses, … Continue reading Odd Thanks

Coronanomics 101


This recession is very different than any before.  It started as a biologic crisis and is rapidly morphing into an economic crisis.  There are some hints that it MAY continue morphing into a financial crisis, but there is almost no sign of a credit crisis yet. The descent into this particular recession is not particularly … Continue reading Coronanomics 101

Quarantine Chore #2


For those retired workers and for those newly stay-at-home workers — that insist on watching their portfolio shrink daily — let’s talk about something you will soon need . . . a Will. A Will is a legal document that specifies what happens to a person’s assets upon death.  Like a court-appointed lawyer, if you … Continue reading Quarantine Chore #2

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.


Contact Us Bottom