Ep 24: Understanding Financial Jargon

Money Chic: Financial Education with Shari Rash

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2y ago 23:49

MP3•Beranda episode

When it comes to the financial industry, there can be a lot of different terms and definitions that may confuse you. On today’s episode, we’re going to explore some of these definitions and explain their relevance to you when planning for retirement.

A fiduciary is someone sitting on the same side of the table as you. Inflation is about how much your dollar buys you versus what it bought you a year ago. Dollar-cost averaging is spreading your money out over a period of time. Let’s discuss these definitions and more on mutual funds, investment vehicles, index funds, and target-date funds.

What we discuss on the show:

1:22 – Lots of acronyms!

2:09 – Fiduciary

6:43 – Inflation

8:27 – Dollar-cost averaging

12:28 – Investment vehicles

15:13 – Mutual funds

16:59 – Index funds

17:38 – Target-date funds

20:33 – Bonds

Get additional information: https://greenwaywealthadvisory.com/podcast/

71 episode

#Trading #Careers #Business #Shari Rash #Retirement Planning