Ask Chuck: Help Riding Out Inflation
Dear Chuck, Inflationary prices are hitting our family, and I am getting worried. What can we do to ride this out? Inflation Fears Dear Inflation Fears, Gasoline is way up, oil is way up, food is way up, rents are rising, and housing prices are soaring. The price of used cars is nuts—in my […]
Ask Chuck: Should We Use Our Retirement Funds to Get through a Tight Spot?
Dear Chuck, My husband’s sales job has not produced good income since the pandemic. We’re in our early 60s, have $10,000 in a savings account, $25,000 in our 401(k), a paid-off home, and no debt. We’ve considered downsizing. Do you advise drawing down on our 401(k) now? Managing Cash Flow Dear Managing Cash Flow, […]
Ask Chuck: Should I Pull My Investments in Chinese Companies?
Dear Chuck, I’ve been hearing a lot about Evergrande and the Chinese economic woes for months. Should I pull out of my investments in Chinese companies? Investor Worries Dear Investor Worries, Having traveled to China on a number of occasions, I have long been aware that there was a housing bubble, a debt bubble, […]
Ask Chuck: Investing in Inflationary Times
Dear Chuck, Since my money is obviously buying less and less, how do I wisely invest in an inflationary economy? Fearful Senior Dear Fearful Senior, While I am not an economist, I am an investor. I believe you have expressed a very relevant concern for all of us, not just seniors. We have experienced […]
Ask Chuck: Should Bitcoin be in my Retirement Portfolio?
Dear Chuck, Although I don’t really believe in it, I am thinking of adding Bitcoin to my retirement funds. What do you think about it? To Buy Bitcoin or Not to Buy Bitcoin? Dear To Buy Bitcoin or Not to Buy Bitcoin, First, my disclaimer: I am not an investment adviser and can only […]
Ask Chuck: Digital Currency – Benefits and Concerns
Dear Chuck, Digital currency will be all the rage soon. Won’t it just make inflation worse? Digital Doubter Dear Digital Doubter, There are a lot of new developments regarding digital currencies. It is inevitable that they will be introduced by Central Banks and become a normative part of our lives. It is also a […]
Ask Chuck: What is DeFi all about?
Dear Chuck, Can you help me understand all the buzz about DeFi (decentralized finance)? I just don’t get it. Traditional Boomer Dear Traditional Boomer, You and I are in the same boat, as traditional boomers! I know enough to be dangerous, so I asked my team to do some research to help us both […]
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 […]
