Ask Chuck: Is Day Trading A Bad Idea?
Dear Chuck, My son’s college roommate made some money in day trading. Now my son wants in on the action. I’m not sure what to tell him, except to avoid it! Day Trading Fears Dear Day Trading Fears, The Bible talks a lot about investing, so I will be able to give you some […]
Ask Chuck: Is Runaway Inflation Coming to America?
Dear Chuck, Do you think we are heading towards runaway inflation? If so, how should I prepare financially? Inflation Fears Dear Inflation Fears, Any commentary on the state of the economy is like commenting on the water level in a river—it is an ever-changing dynamic. So, whatever is said is likely to be wrong […]
Ask Chuck: House Flipping Tips
Dear Chuck, We just bought an older home and intend to remodel it. We hope to flip it within two years. We want to be prepared for the inevitable challenges. Do you have any tips besides building our emergency fund? First-Time Remodelers Dear First-Time Remodelers, I hope this ambitious undertaking to remodel and flip […]
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: 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: Are My Investments Safe Under a Biden Presidency?
Dear Chuck, How do you think a Biden presidency would impact my retirement nest egg? It is hard to know which way this election will go! I can’t afford to lose my savings. Fearful Retiree Dear Fearful Retiree, Thanks for the question. As of this writing on November 4th, the day after the presidential election, […]
Ask Chuck: Children Are A Blessing… And An Investment
Dear Chuck, My daughter and son-in-law have decided they will not have children due to overpopulation and the cost. I don’t understand how they could make such a decision. Can you give me some good stats to share with them? Hoping for Grandchildren Dear Hoping for Grandchildren, Since I have five grandchildren already, I know […]
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 […]
