Ask Chuck: Explaining The GameStop Frenzy
Dear Chuck, Can you explain what happened with the GameStop fiasco this week? It is very confusing to understand why it was such big news. Shocked by GameStop Dear Shocked by GameStop, Like you, I was stunned by the hysteria to own shares of this seemingly small, struggling retailer called GameStop. It was certainly […]
Ask Chuck: Should I Invest In Bitcoin?
Dear Chuck, I am a young investor and need advice. Bitcoin looks like a great investment. Is now a good time to start investing in it? Bitcoin or No Bitcoin? Dear Bitcoin or No Bitcoin, Before you make the decision to “invest in Bitcoin,” be sure you understand the risks. People are buying Bitcoin […]
Ask Chuck: Coping With Economic Anxiety
Dear Chuck, I don’t think I have ever felt more uncertain about America’s economic future than I do now. Do you see any light at the end of the tunnel? My anxiety levels are growing! Anxious American Dear Anxious American, Your question prompted me to see if there was some measurement of the sense […]
Ask Chuck: Are We Headed For An Economic Collapse?
Dear Chuck, Is America heading towards an economic collapse? If so, how do I prepare? Worried Boomer Dear Worried Boomer, My view is we are headed towards another economic crisis with a low risk of an actual economic and/or currency collapse. In either scenario, there are ways to be prepared. Economic Crisis vs. Collapse […]
Ask Chuck: Preparing for Negative Interest Rates
Dear Chuck, Are we headed towards negative interest rates? If so, how in the world do I prepare for that? Rates Below Zero? Dear Rates Below Zero, This is a great but very challenging question. With our federal funds rate (the cost for our banks and financial institutions to borrow money) essentially at zero […]
Ask Chuck: Understanding Inflation/Deflation
Dear Chuck, I’m new to investing and don’t really understand the ramifications of inflation and deflation. I would like to position myself to minimize loss regardless of what happens. Any tips? Novice Investor Dear Novice Investor, I am not a professional investment advisor but can give you some Biblical financial principles that will help you […]
The Presidential Election and the Worst-Case Scenario for Investors
I grew up with a generalized investing philosophy espoused by my grandfather: invest during a Democratic administration (market down), sell during a Republican administration (market up). Since I am going to write about what I think is the worst-case scenario for investors post-November 3, 2020 when the nation selects its next President, I decided to […]
Ask Chuck: Universal Basic Income Explained
Dear Chuck, Can you explain the concept of Universal Basic Income? It seems more like a Robin Hood plan than good economics. Concerned Taxpayer Dear Concerned Taxpayer, Universal Basic Income (UBI), known by many other names, is defined by its most ardent supporters like this: “It is a regular income paid to everyone without […]
UBI – The Promise and Peril of Universal Basic Income
What is Universal Basic Income (UBI), you might ask? Although known by many other names – citizen’s income, citizen’s basic income, basic income guarantee, guaranteed annual income, or universal demogrant –this is how its most ardent supporters would answer that question: “It is a regular income paid to everyone without any conditions. Everyone would automatically […]
Ask Chuck: Should I Buy a House?
Dear Chuck, My wife and I are considering buying a house now although it’s a year earlier than we planned. We don’t know if the low rates will be available next year. Should we go for it? Buy or Hold? Dear Buy or Hold, You and your wife are not the only ones with […]
