LEARN THE SECRET LANGUAGE OF FINANCE
STARTING WITH THESE MUST-KNOW TERMS
3. Bear Market: A “bad” market, when the prices of stocks and other securities fall 20% or more 4. Blockchain: A shared, decentralized ledger of transactions that makes it possible to track assets like cryptocurrency 5. Bull Market: A “good” market, when the prices of stocks and other securities rise 20% or more 6. Cryptocurrency: Digital currency that is not backed by a government or bank 7. Dividend: A portion of company profits regularly paid out to shareholders 8. ESG Investing: Environmental, Social, and Governance Investing, a framework investors use to evaluate how eco-friendly,
The world is changing rapidly — and that includes how people spend, save, and invest money. If you’re not a professional in the financial industry, the pace of these changes can seem daunting. One day, cryptocurrency is all the rage and the “smartest” investment around. The next, crypto entrepreneur Sam Bankman-Fried is buried in lawsuits, and banks are collapsing! It’s a crazy world out there, but you can start demystifying it by learning core business and financial terms. Brushing up on these buzzwords will help you develop your financial skills, make it easier to understand the news, and give you more confidence when making money decisions and talking to financial advisors. Here are several finance jargon terms everyone should know beyond the basics. 1. Adjusted Gross Income: Your annual income minus your tax deductions 2. Annual Percentage Rate (APR): The
socially responsible, and well-run potential investments are 9. Fannie and Freddie: Fannie Mae and Freddie Mac, the U.S. government-created home mortgage investment companies 10. Fixed Income: Investments that pay a guaranteed return, like government and corporate bonds 11. Liquidity: How easy it is to convert an asset like a home, car, or bank account into cash 12. Venture Capital: Money or expertise loaned to a start-up company or entrepreneur to fund their business
amount banks charge you for your loan (or you earn from an investment) each year Still have questions or want to learn about a term not on this list? Check out Investopedia’s Financial Term Dictionary by visiting Investopedia.com and clicking “Dictionary” at the bottom of the page. A CELEBRATION TO REMEMBER: Kelli Got Married!
New developments are always occurring with the team here at Shoup Legal, and this month, we have some exciting news to share with you. Our estate planning assistant, Kelli, got married this past February. It was a fun-filled event full of laughter, smiles, and joy that Kelli and her new husband will remember for the rest of their lives. To honor the grand occasion, we want to share some highlights of the event as well as some background on Kelli and Tyler’s relationship. Tyler was Kelli’s best friend’s roommate. The two had met on several occasions but never really spent time with one another. Eventually, Kelli’s best friend felt the two would be a perfect match and encouraged them to date. Tyler asked for Kelli’s number, and they started talking. After a year of dating, Tyler brought Kelli to the Pantages Theater to see “Hamilton,” which she found slightly strange since he wasn’t a theater guy. Her suspicions were verified when Tyler proposed at home after the performance. He even snuck their friends into the house for an impromptu celebration after she said yes!
The wedding was an amazing celebration. Kelli wore her mom’s wedding dress from the ‘80s and had it tailored to make it more modern. Her dad, who officiated the ceremony, decided to play a harmless joke on Kelli since he knows how much she despises magicians. During the ceremony, he had Tyler pick a card and kept it hidden for later. While dancing with Kelli, her dad pulled the card out of his sleeve, which was a big hit with the crowd. Another big highlight involved Kelli’s 10-year-old son. To everyone’s surprise, he gave a speech introducing Tyler as his new stepdad. There wasn’t a dry eye left in the building after he finished speaking. Instead of going on a honeymoon after the wedding, Kelli and Tyler went on a “hauntedmoon” to visit some of the most haunted locations in the state. They visited Alcatraz, the Winchester Mystery House, and a few other locations.
We’re so happy for Kelli and her new husband! We wish the best for both of you going forward!
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