Educational Forum

• Making Financial Resolutions? Look Back at Last Year

  Each new year brings the chance for a fresh start, and the opportunity to improve your financial picture. As you make financial resolutions for 2012, looking back at what happened last year can help you make some positive changes this year.

  

• Debt Payoff Strategies

  In these uncertain economic times, you may be thinking of reducing your debt load. There are a number of strategies for paying off debt that you might consider.

  

• Q & A on Filing the Federal Financial Aid Application

  The federal government's financial aid application, the FAFSA, should be filed as soon after January 1 as possible in the year your child will be attending college. Here are some common questions and answers regarding the application process.

  

• Is a stop limit the same as a stop order?

  A stop limit is typically used when you're trading during a volatile market and want to target a specific price as closely as possible. A stop limit order allows you to give your broker a price range for your purchase.

  

• Can a stop-loss order really protect me from losses?

  Stop-loss orders can help you try to manage the amount of loss you can suffer with a single holding. Also known as a stop order or stop-market order, a stop-loss order means setting a level at which your broker is instructed to sell all or part of a particular position once the stop-loss level is reached.

  

Neither Solvay Bank nor any employee provides any advice or expresses any opinion with respect to the information contained in this newsletter. All clients should have a full review and seek professional consultation regarding all matters of financial importance.

Insurance and Investment products are not deposits, are not FDIC insured, are not insured by any government agency, have no bank guarantee, and may go down in value.

Disclosure to our Retail Brokerage Clients:

"Securities offered through Cadaret, Grant & Co., Inc., member FINRA / SIPC"