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MUTUAL FUNDS

Definition
A mutual fund is a pool of managed investments. These funds are usually managed by a portfolio manager to keep them in line with their investment objectives.

Why It's Important
The best way to think of mutual funds is as a basket. When you purchase shares of mutual funds, you are purchasing a basket of different stocks or bonds. I love mutual funds, and that's typically all I invest in. 

Mutual fund benefits include professional management, diversification, liquidity, and brokerage commission savings. You are pretty much paying a mutual fund company to create a basket of stocks that meet your investing needs. For instance, you can find mutual funds of marijuana companies, international companies, and even companies that focus on sustainability. There were over 9,600 mutual funds available on the market as of 2018. So, there is plenty to choose from! You save on brokerage commissions because if you were buying individual stocks, it would be way more expensive. Some...

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HALLOWEEN SHENANIGANS

kids saving money Nov 01, 2019

HALLOWEEN SHENANIGANS

What a night! Last night was Halloween, and I decided to do something different. Unfortunately, there was a tornado watch and warning issued for our area, so we could not go out and trick-or-treat as we usually do. Not only that, but I also did not buy any costumes to save money. I had to think of a frugal and smart way to have Halloween in the house this year. What do I do?!

After I finished working for the day, and before the boys came home, I had to brainstorm ideas to accomplish my goal. At this time, it was about 1:00 PM, and the boys get off the bus around 3:00 PM, so whatever I decided to do had to be quick. I thought about just canceling Halloween altogether and blame it on the weather, but I know that wouldn't have gone over well. The only thing they look forward to on Halloween is the candy, so I knew that had to be part of the equation somehow. Then, I had an idea! Let's trick-or-treat in the house!

I left and went to Walmart to get some candy. Of...

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EPISODE 16 - MINIMALISM AND MONEY WITH SHANI ST. VIL

podcast saving money Oct 31, 2019

Let's talk about minimalism!  Join Tiffany and Shani as they unpack what minimalism is and strategies they use to save money.  These ladies dropped so many gems during this episode.  Be sure you have a pen and paper ready!

About our Guest
Shani St. Vill is a boss babe that assists her clients in managing their money so they can buy more real estate!

Like her on Facebook: www.facebook.com/purseempowerment

Follow her on Twitter: www.twitter.com/purseempowerment

Follow her on Instagram: www.instagram.com/purseempowerment

Links
Shani's site: www.purseempowerment.com

Connect with Tiffany on Social Media
Facebook: Money Talk With Tiff
Twitter: @moneytalkwitht
Instagram: @moneytalkwitht
LinkedIn: Tiffany Grant
YouTube: Money Talk With Tiff Channel
Pinterest: Money Talk With Tiff

 

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ACCREDITED INVESTOR

Definition
An accredited investor is a person or business that is authorized to buy and sell securities without being registered through the Security and Exchange Commission (SEC) 

Why It's Important
An accredited investor can invest in a variety of unregistered investments such as hedge funds, venture capital, and private equity opportunities.  But, of course, this status is not open to everyone.  In order to gain the status of accredited investor, you have to meet two different criteria:

  1. The individual must have earned income exceeding $200,000 or $300,000 when combined with a spouse during each of the past two years with the expectation that it will continue.
  2. The net worth of the individual or couple must exceed $1 million (excluding the primary residence)


Now, as I said before, it doesn't have to be individuals.  It could be a trust or any entity that meets the requirements.  

Eventually, I want to become an accredited investor!  All in due time!

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PROSPECTUS

Definition
A prospectus is a formal document required and filed by the Securities and Exchange Commission (SEC) that describes an investment offering to potential investors.

Why It's Important
The prospectus contains information about the company, it's management team and the latest financial performance.  It also states other information that the investor should know to make an informed decision like how the proceeds are used and risk factors.  Every investment available on the exchange market has a prospectus, even mutual funds. The mutual fund prospectus is slightly different as it describes the objectives of the fund and what philosophy is being used to pick the underlying stocks and bonds.  

The investment can't be sold until the prospectus is approved by the SEC.

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EPISODE 15 - CULTURE AND 25 STATES IN 25 WEEKS WITH DIMITRY NEYSHTADT

podcast saving money travel Oct 23, 2019

Join Tiffany as she talks culture, consumer debt, and traveling through 25 states in 25 weeks with Dimitry Neyshtadt.  Learn how he lowered his living expenses by purchasing an RV and road-tripping!

About our Guest
Dimitry Neyshtadt created 90 Day Money Pro to ensure that any hard-working & motivated American would have access to the most important and critical tips to achieve Financial Independence. He’s been an award-winning financial advisor for the past 10+ years and has helped over 1,000 clients one-on-one to optimize their finances. He’s also a great speaker who frequently presents at colleges and universities, nonprofits, real estate agencies, conferences and meetings, and more. In 2019, he’s traveled 25 States in 25 Weeks on the “Money Pro Tour” while Full-Time RVing with @TheFinanceFrenchie, his 2-year-old dog Brady. Check out his great content on social media @90DayMoneyPro and his Podcast on Apple Podcasts & Spotify.

Like him on...

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EPISODE 14 - WHAT IS HOME TITLE FRAUD AND HOW DO I PROTECT MYSELF?

fraud podcast Oct 17, 2019

Tiffany talks about home title fraud, a fast-growing cybercrime that has gained a lot of traction in recent years.  Listen up to see what it is and how to protect yourself!

Links
www.moneytalkwitht.com

To pull your FREE credit reports, follow these steps: https://www.moneytalkwitht.com/blog/credit-part-1

Connect with Tiffany on Social Media

Facebook: Money Talk With Tiff
Twitter: @moneytalkwitht
Instagram: @moneytalkwitht
LinkedIn: Tiffany Grant
YouTube: Money Talk With Tiff Channel
Pinterest: Money Talk With Tiff

 

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MARKET CAPITALIZATION

Definition
Market Capitalization or "Market Cap" is the value the market puts on a publicly-traded company. You can find market cap by multiplying the total shares outstanding by the purchase price.

Why It's Important
Market Cap is used to value and gauge the public opinion of a company. Amazon's market cap is currently about $856 billion (as of 10/11/19). That's huge! Their stock price is $1,731.92. You would think that the higher the stock price, the higher the market cap, but that is not always the case.

In comparison, Apple's market cap is $1 trillion, but its stock price is $236.21 (as of 10/11/19). This information tells me that Apple has more stocks outstanding than Amazon. Keep in mind that the market determines the market price, and every share a company sells is some ownership of the company. When you are researching what stocks to invest in, be sure to take a look at their market cap as part of your valuation.

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CAR WARRANTIES : ARE THEY WORTH IT?

Uncategorized Oct 14, 2019

Car Warranties: Are They Worth It?

When I bought my 2016 Honda CRV fresh off the lot (learn about her demise here), I didn't really understand car warranties. The salesperson was pushing it down my throat, and that should have been red flag number one! My grandfather advised me against purchasing it, so that should have been red flag number two. But, of course, I was hard-headed and bought it anyway. So, here is what I learned:

New Cars Already Have a Warranty
Most modern cars come with a 10-year/100,000-mile warranty on the powertrain that applies only to the original purchaser. In my case, I was the first owner, so I didn't really need an extended warranty. After 10 years, the value of the car would be so low, a warranty would be frivolous at that point. Why didn't I think about this earlier? I was clouded by the excitement of buying my very first new car that all common sense went out the window. I let the salesperson talk me into it because he mentioned all of the bells and whistles the car had and how the...

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EPISODE 13 - LISTENER REQUEST: MY SCHOOL LOST ACCREDITATION, NOW WHAT?

debt podcast saving money Oct 10, 2019

Tiffany answers a listener's question about student loan payback if the school that they attended closes.  While on the topic, she also covers other ways your student loans can be discharged or forgiven.  
This is a listener request episode.  If you want to have your question featured, please submit on our website.

 

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