financial planning can be one of the
most important things you can do to keep
track of your money but all the jargon
can be confusing hi I’m Rebecca Brayton
and welcome to watchmojo.com and today
we’ll be discussing all you need to know
about personal finance and investments
discussing personal finance I know from
personal experience can be very
confusing if you don’t know the right
terminology would you be able to kind of
outline some of the the most popular
terms we’d be hearing the bottom line is
any term whatsoever that you don’t
understand you have to stop that
particular person and ask them exactly
word for word what it means a lot of
people talk in a way that it’s easy to
make you say yes because you don’t
necessarily understand what’s going on
and that’s what often leads to people
making the wrong decisions at the end of
the day you hear words like yield yours
like guaranteed and products what’s a
bond what’s a stock what’s an annuity
what’s a mutual fund and so on people
will use the word guarantee very very
often very loosely anyways they don’t
worry your money’s guaranteed don’t
worry your return is guaranteed and so
on but you have to take it to the next
level what are some different types of
investments that we might encounter
there’s the guaranteed portion which are
your government guaranteed bonds your
municipal bonds are here we have
provincial bonds Triple A bonds and so
on which have theoretically no risk
their returns are really really low
you’re going to get to three percent or
potentially less on those investments
and then you have the equity side which
guarantees you nothing specifically but
you can just look on when you walk by on
the street on a day to day basis what
companies according to you look much
safer than others in terms of investment
what do you need to consider first what
you everybody should be looking for in
my mind is safety first if you think
about your safety first you’re thinking
about reasonable rates of return it’s to
get something that makes sense so you
can predict where your retirement is
going to be X amount of years down the
road so try to make sure you return look
similar to what the indexes are doing
what bond rates are these days and you
really never get come is it normal to
sometimes lose money in an investment
the philosophy people say the more risk
you take the more money you’ll make it’s
the more risk you take the more money
you might make anything over what the
guaranteed bond rates and government
rates are is a risk but to lose money on
investment I mean everybody loses money
sometimes even when you buy the most
conservative things you can’t predict
what’s going to happen on a day-to-day
basis in the whole world i mean there’s
billions of people investing on this
every single day should all your money
ever be in one place one investment
definitely not and even with all the
scandals going on these days maybe not
even in one financial institution it’s
not a bad idea to have somebody takes
care of your conservative investing
somebody to take care of you more
aggressive investing or so on but
definitely if it comes down to product
you should never put all your eggs in
the same basket is there such a thing as
a safe investment safe is a big big word
i mean people use it for all kinds of
things could be very safe it’s
moderately safe it’s not safe at all but
you don’t really have a safe investment
it’s a guaranteed investment or a risky
investment your age should dictate how
many guaranteed investments you have in
your account so a 30 year old should
have thirty percent of their assets
risk-free a seven year old should have
seventy percent of their assets
risk-free thank you very much thank you
most important things you can do to keep
track of your money but all the jargon
can be confusing hi I’m Rebecca Brayton
and welcome to watchmojo.com and today
we’ll be discussing all you need to know
about personal finance and investments
discussing personal finance I know from
personal experience can be very
confusing if you don’t know the right
terminology would you be able to kind of
outline some of the the most popular
terms we’d be hearing the bottom line is
any term whatsoever that you don’t
understand you have to stop that
particular person and ask them exactly
word for word what it means a lot of
people talk in a way that it’s easy to
make you say yes because you don’t
necessarily understand what’s going on
and that’s what often leads to people
making the wrong decisions at the end of
the day you hear words like yield yours
like guaranteed and products what’s a
bond what’s a stock what’s an annuity
what’s a mutual fund and so on people
will use the word guarantee very very
often very loosely anyways they don’t
worry your money’s guaranteed don’t
worry your return is guaranteed and so
on but you have to take it to the next
level what are some different types of
investments that we might encounter
there’s the guaranteed portion which are
your government guaranteed bonds your
municipal bonds are here we have
provincial bonds Triple A bonds and so
on which have theoretically no risk
their returns are really really low
you’re going to get to three percent or
potentially less on those investments
and then you have the equity side which
guarantees you nothing specifically but
you can just look on when you walk by on
the street on a day to day basis what
companies according to you look much
safer than others in terms of investment
what do you need to consider first what
you everybody should be looking for in
my mind is safety first if you think
about your safety first you’re thinking
about reasonable rates of return it’s to
get something that makes sense so you
can predict where your retirement is
going to be X amount of years down the
road so try to make sure you return look
similar to what the indexes are doing
what bond rates are these days and you
really never get come is it normal to
sometimes lose money in an investment
the philosophy people say the more risk
you take the more money you’ll make it’s
the more risk you take the more money
you might make anything over what the
guaranteed bond rates and government
rates are is a risk but to lose money on
investment I mean everybody loses money
sometimes even when you buy the most
conservative things you can’t predict
what’s going to happen on a day-to-day
basis in the whole world i mean there’s
billions of people investing on this
every single day should all your money
ever be in one place one investment
definitely not and even with all the
scandals going on these days maybe not
even in one financial institution it’s
not a bad idea to have somebody takes
care of your conservative investing
somebody to take care of you more
aggressive investing or so on but
definitely if it comes down to product
you should never put all your eggs in
the same basket is there such a thing as
a safe investment safe is a big big word
i mean people use it for all kinds of
things could be very safe it’s
moderately safe it’s not safe at all but
you don’t really have a safe investment
it’s a guaranteed investment or a risky
investment your age should dictate how
many guaranteed investments you have in
your account so a 30 year old should
have thirty percent of their assets
risk-free a seven year old should have
seventy percent of their assets
risk-free thank you very much thank you
Please follow and like us: