T.R. Chaney, LLC

Since 1969 Congress has spent more money than it has received.  Therefore, the U.S. Treasury Department is forced to borrow money each year to meet Congressional appropriations.  As a result of recurring federal deficits, today over fourty cents of every federal dollar spent is borrowed money resulting in a national debt of over 14 Trillion Dollars!

 

What is a Deficit vs. Debt?  Lets suppose you spend more than you earn.  The difference is called a deficit.  In order to fund this deficit, lets assume you take cash advances on your credit card.  The amount you borrow along with the interest charged is called your debt.  If next month, you don't have enough money to cover your spending (another deficit) you are forced to borrow some more.  If this process continues, your debt will continue to grow, along with your interest payments on that debt.  If your income does not increase, eventually all you will be able to pay is the interest.  When your interest payments exceed you income and ability to borrow money, you are bankrupt.

 

Unlike individuals, our government has the ability to print money and increase its credit limit.  As long as Congress continues to increase the nations debt limit, we as a nation can continue to borrow money.  But how will this affect your investments?  Economics teaches us that as dollars are printed, the value of those dollars decline in value when compared to other currencies or hard assets.  In addition, when a countries debt increases year over year, the cost of borrowing is likely to increase in terms of interest paid.  It is difficult enough in today's marketplace to pick sound investments based upon a publicly traded companies operations, financial statements, etcetera.  External forces such as government debt and deficits are now additional considerations that should be taken into account when evaluating investments.  For example, "if" the value of the dollar were to drop substancially or "if" interest rates were to significantly increase, would it be a detriment of benefit to your investment portfolio?  These are but two of numerous external forces that shoud be taken into account when investing. 

 

How do you address your retirement concerns of rising costs, increased healthcare expenses, inflation and a longer life expectancy?  By working closely with a knowledgeable and competent Financial Planner with the resources and independence to advise you on the proper course of action. 

 

  • We at T.R. Chaney, LLC are advocates of using professionally managed portfolios that rebalance the percentage of assets held in various categories in order to take advantage of market pricing anomalies or strong market sectors.  This "Tactical" strategy allows portfolio managers to create extra value my taking advantage of certain situations in the marketplace. 
  • We believe a globally integrated approach and global perspective are critical to positioning our client's portfolios to benefit from today's global economy.
  • We understand financial security has different meanings among our clients.
  • We stand ready to help you meet your specific investment goals using models designed for your specific risk tollerance and time horizon.

T.R. Chaney LLC's approach of exceptional service and guidance from your Financial Advisor provides a strong and prudent foundation for your financial future.  We stand ready to help you take action today.  Let us know if we can be of service to you.