[Flashing lights.] “Must spend money.” This is used up quickly when in a pickle. $$ must be saved in advance.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
Fancy word for ownership. Stocks are a form of equity.
I have an obsession with two clothing categories. Coats and lingerie.
I’ll go into detail about the former, as the latter are unmentionables.
I’m prepared for anything. Pink-striped raincoat. Green suede bolero. Black surprisingly-slim puffer. Gold evening coat. Etc.
My $$ needs to be similarly prepared for anything. As a stock maven would say, diversify.
Bonds for rainy days. Growth stock for the chance to buy a fur one day, not so far away.Value stocks so my heiresses can buy their own coat collection.
I rebalance my asset allocation if I move to a new climate or I gain a few too many lbs. And similarly, if my time frame or investment objectives change.
If my man asks what I’m up to when I’m out shopping, I’ve learned to say I’m diversifying!
(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)
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