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