This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.
The recent failure of Silicon Valley Bank along with a couple other at-risk financial institutions has been well publicized in our crisis-du-jour media. We also learned Credit Suisse was bought out by UBS through a Swiss government facilitated sale. These tremors in the banking system have rightfully caused some concerns about the safety of cash reserves and potential impacts on markets.
If paying off debt is your goal, you are not alone. The thought of paying off your debt may feel overwhelming. Some people ignore their debt as if it will magically go away if they don’t look at it. However, that’s not you. You are ready to take control of your financial life by getting out of debt.
It's a new year! Many are excited about embarking upon New Year's resolutions and have set high goals for themselves. However, it is easy to get lost in the sauce and set goals based on what others say rather than what you truly want.