Amanda Stanhaus

Tag: money

Grow

If properly taken care of, plants and money do this

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Money Market Mutual Fund

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I went toe to toe with Babe’s boy and won! I love when women win sword fights.

Money market deposit account vs. Money market mutual fund, which is FDICinsured?

(click on the bold-faced vocab word:))

Babe’s boy WRONGLY believed both were FDIC insured.

My magical memorization skills helped me with my win.

Money market deposit accounts are higher-than-usual interest earning, limited withdrawal accounts. Offered by a bank. FDIC insured.

Money market mutual funds similarly are higher-than-usual interest earning, limited withdrawal accounts. Offered by a mutual fund. Not insured by FDIC.

These mutual funds invest in liquid, short-term investments. Think treasuries. As with all mutual funds, your investment is at the mercy of the markets, and is not FDIC insured.

Both are ideal investments for those who withdrawal infrequently and are looking for higher-than-usual interest payments. Handy for say an emergency fund. But fully understand the risks and rewards of deposit accounts vs. mutual funds.

Good luck in your sword fights! Go girls!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Inefficient Market Theory

Prices do not reflect market value—why Warren has made so much money.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Interac

I want her to have my money. To use this system, all I need is her email and a security question. Available in Canada only. Neat, eh?

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Interest Rate

When using someone else’s money, this determines the associated fee.

(Originally published on Amanda Stanhaus’s  financial literacy vocab blog: XO, Bettie Vocab.)

Leading Indicator

Know before it happens. These start rumors, just like gossip mags.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Load

mutual fund’s sales charge. It’s how the mutual fund makes money to pay its administration fees. Paid up front or paid later.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

E-Banking

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I can do what??

I am not techy. I didn’t know how to silence my iPhone for a week.

Siri should know what I mean when I say “shhh!!” Now I’ve figured her out and don’t know what I did before her. BFF alert!

I had the same experience with e-banking. Now, I need not bother with human interaction when reviewing my purchases, moving money or paying my bills.

(click on the bold-faced vocab words:))

Speaking of bills— receiving them in the mail—so last decade. E-bills are absolutely the way to go.
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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Margin

Borrow money to buy a security. One of many reasons the Great Depression was so GREAT.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)