Amanda Stanhaus

Tag: stocks

Fund Catagory

mutual fund is categorized by what it invests in whether its bondsstocks, foreign, etc.

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

Income fund

Mutual fund which mainly invests in stocks that pay dividends.

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

National Association of Securities Dealers Automated Quotations

NASDAQ. A fully electronic exchange. Known for its tech stocks.

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

Net Worth Calculation

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My man tells me I’m priceless. Painfully cute, I know.

But, I want to know a more concrete net worth #. So I used this net worth calculator.

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#’s I needed to crack code:

Assets:

$$ in stocksbondscashretirement accounts, and variable annuities

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

Plus, value of home, second home, art, jewelry and furnishings. Seems this calc was created for the the whole 100% of us.

Debts:

$$ owed on mortgages, home-equity loanstudent loancredit cards and other.

At least, the piechart was nice enough to remind me, I’m not alone.

Happy calculating!

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

Portfolio

Closet:shoes::portfolio:stocks

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

RRSP

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A registered retirement savings plan (RRSP) is what Canadians need to set up if they want a become a snowbird in retirement. Can’t wait for my then-wrinkly skin to soak up le soleil!

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

RRSPs are so cool! My contributions reduce my taxable income. Yah, more $$ pour moi!

Plus, the $$ grows without the government taking a cut. Only upon withdrawal does the government get any of my $$.

Just like 401(k)s, unfortunately Porsche’s don’t count as an investment vehicle. Instead, I can fill my RRSP with stocksbondsGICs, shares of mutual funds.

RRSPs are available at banks. Single ladies, prepare yourself to check the “individual” box on the sign-up form. As usual, there are perks for those coupled up. And for those who like to be in control, there is a self-directed plan.

I’m planning to open a self-directed plan. No one else decides my ensembles, so why would I have someone else pick my investments?

I have a few more books to go before I take on the responsibility. My fave read so far has been The Wealthy Barber by Dave Chilton.

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

401 (k)

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40-what?

I hadn’t finished my first day and human resources (HR) already brought up how it’s going to end. Not already! But eventually, I’ll be retired and living off my 401(k).

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

Once I set it up, my 401 (k) will be automatically filled with a cut of my paycheck and invested in the vehicle of my choice.

Porsche? No…investment vehicle options include bondsstocksmutual funds and etfs.

Each company’s plan is different, but perks can include:

  • $ invested before Uncle Sam takes a bite from my paycheck.
  • $ made from the investments does not have to answer to Uncle Sam until withdrawn.
  • Each contribution can have an identical twin, courtesy of my company.

Never thought I would have a desktop clock counting down the seconds till I turn 65.

Hope I look as fabulous as Iris then!

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

What Do I Want From My Investments?

What do I want?

What’s my time frame?

How much commitment?

Am I ready to give it all up?

Questions I had to answer while picking stocks. My beloved $$ was up for grabs.

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

A couple of weekends were jam packed with business sections of newspapers and magazines, years of annual reports, financial blogs, and chats with my financial advisor.

Picking the right stocks for my financial situation, time frame and risk tolerance turned into a production.

I’ll re-answer the above questions every few months to make sure my portfolio still serves my needs. But remember, I value invest. Hiccups don’t faze me and my loyalty.

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

Security

Own a piece of the pie (of a company, govt., etc.). Examples include stocks and bonds.

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