Making sense of the financial services industry is much easier when you have a trusted ally, like Benedetti, Gucer and Associates.
The financial sector can be confusing, and if you are unfamiliar with the industry, it can seem like you are walking blind through an October corn maze with no exit in sight. In fact, it can be downright mind-boggling for a novice investor or someone who struggles to maintain a budget. Making sense of the titles, positions, rules and regulations can be overwhelming. Not to mention the financial jargon that can seem like a completely different language. However, a basic understanding of financial principles will give you the confidence to speak with knowledge and seek help when and where you need it.
Here are a couple key terms and buzzwords, which you should be familiar with if you want to invest your money.
- A stock is a tradeable asset which represents ownership and liability in a company. Therefore, when a corporation experiences a growth in assets, the investor’s claim grows in direct relation to the amount they’ve invested. This principle also applies when businesses experience a downturn.
- According to Investopedia, “a bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities.”
- Mutual Funds are a type of security which combines different types of tradable assets such as stocks, bonds, and short-term debts. Just like a stock, you buy shares of a mutual fund.
- One benefit offered to employees by many companies is a 401(k). A 401(k) is a company-sponsored retirement savings plan. Employees can opt to invest a portion of their paycheck, percentage or designated amount, into the retirement plan and the contribution is not taxed until withdrawal. Many companies also incentivize employees to save for their future retirement with employee match programs.
- Another way to save for retirement is an Individual Retirement Account or IRA. There are two standard types of IRA, a traditional IRA, and a Roth IRA; both have their unique tax benefits.
These terms just skim the surface of what you need to know to properly invest your money. Making sense of it all can be a full-time job, which is why there are so many financial experts out there to help you evaluate your options. But picking a financial advisor is almost as complicated as understanding the industry. Where do you start? If you are ready to begin learning more about your investment options consider consulting a wealth management firm that puts their client’s needs and interests at the forefront of all their decisions, Benedetti, Gucer & Associates (BGA).
Benedetti, Gucer & Associates is a boutique Wealth Management Firm located in Atlanta, Georgia. Their size allows them to be nimble when addressing their clients’ needs, and as a Registered Investment Advisor, they are legally bound to put their clients’ interests ahead of their own. BGA has a long-standing history of personal and professional integrity. They pride themselves on providing personalized customer service, while simultaneously leveraging their hard-won knowledge of the market to build exceptional portfolios. Regardless of the type of investment, their goal is to obtain the optimal net returns for clients, while mitigating risks based on their individual risk tolerance, time horizon, and personal goals.
Benedetti, Gucer & Associates service a wide variety of clients including business owners, doctors, dentists, attorneys, divorced or divorcing women, and corporations providing employee retirement plans. If you are interested in learning more, consider consulting the Atlanta-based financial advisors at Benedetti, Gucer & Associates today.
The views expressed represent the opinions of Benedetti, Gucer & Associates and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person.
Additional information, including management fees and expenses, is provided on Benedetti, Gucer & Associates’ Form ADV Part 2, which is available upon request.
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