LEARN THE SECRET LANGUAGE OF FINANCE STARTING WITH
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, 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
“I heard through the grapevine that it’s a bear market right now. Don’t tell Susan.”
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 THESE MUST- KNOW TERMS
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 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. MEET DAMON BLANCHARD!
Our friend and client Damon Blanchard is like George Plimpton: always trying something new!
workers were helping by guiding and spotting as the cover moved into place. Possibly because of the rain, the cover slid down off the baler. From instinct, Damon put up his hands to catch the cover, forcing him into a squat and pinning him between a guardrail and the cover. The tendons in his knees were blown out.
Born and raised in Columbus, Damon loves “Jeopardy,” cooking, working out, his daughter Zoë, and his two little dogs, Tina and Hazel. He’s studied massage, driven for Uber and Lyft, inspected trucks, worked in data entry, and is a notary public.
Damon required several surgeries and more than two years of therapy before he could walk again. He also needed counseling for depression as the severity of his injuries prevented him from working, socializing, or enjoying hobbies such as hiking and tinkering. As Damon slowly recovered, he realized it might be worthwhile to consider a new line of work. He took up a career as a housing rights advocate. Who knows? With his passion for this cause and his willingness to try new things, we may see Damon on Columbus City Council someday!
Damon with his running buddies, Tina and Hazel!
In January 2019, he worked as an office manager at an international recycling company in Columbus. This is
an enormous operation, recycling tons of material each hour, everything from plastics to metal. One frigid, rainy, wintery day, the yard supervisor asked him to help guide a 5,000-pound steel cover onto a drive cylinder on a 550-ton sheet metal baler. A baler compresses materials into tight rectangular bales. While one worker ran a crane with a magnet, two other
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