The following terms are some good ones to remember when dealing with any financial product so that you can make educated financial decisions.
Capital: Wealth in the form of money or property.
Capital gains: Earnings from the sale of an investment.
Collision insurance: Auto insurance that covers definite costs if your vehicle is damaged.
Compound interest: Interest calculated on both the principal and the accumulated interest.
Contribution limits: Maximum legal limit on contributions to a specific account.
Executor: A person or institution chosen to carry out the terms of a will.
Investment portfolio: A variety of investments held by a person or organization.
Investment strategy: A set of rules or actions to guide an investor’s selections
scan the QR code to download the app.