How Do You Say It?

Some different words or phrases get used, but do they mean something different or are they all the same? We discuss a variety of financial phrases so you understand what it is you’re really dealing with.
Share this episode with a friend:

Today’s Question:

Some different words or phrases get used, but do they mean something different or are they all the same? We discuss a variety of financial phrases so you understand what it is you’re really dealing with.

Click on the timestamps below to jump to specific topics. 

Confidence Corner

Let’s play a little game of what phrases Nathan says and just what that means. Does it really matter or is it all the same? Instead of getting lost in the jargon, today we highlight what these words and financial phrases mean.

Do you say tennis shoes, gym shoes, or sneakers? It might depend on how you were raised or where you’re from. In the financial world, are these all the same: a market crash, market correction, market pullback, market downturn, or bear market? The media may use them interchangeably, but Nathan clarifies the distinctions. All of them may make you worry about how your money is doing, but it’s important to keep a clear head. A bear market or market crash are the ones you’ll want to stay most aware of. 

Fireflies and lightning bugs sound different but are actually the same. This is also true with junk bonds and high yield bonds. Nathan calls them junk bonds on purpose. Junk sounds like garbage and high yield sounds a lot better. In both cases, the risk is higher and the credit quality is lower.

Stocks and equities are the same thing, but people tend to use the word stock more. Fewer people know how the term equities applies to their portfolio. If you’re not familiar with a certain word though, make sure to ask your advisor to explain it so that you understand.

Are you working with a financial advisor or an investment advisor? There are different licenses that investment advisors have to get vs. a stock broker. This can get confusing as a client. Work with a financial advisor that is appropriate for you and your needs. Finally, which sounds better, a client or a customer? Nathan refers to the people he works with as clients, which is more focused on the relationship. Does your financial advisor have a relationship with you in order to have your best interests in mind?

Listen to the entire episode or skip ahead using the timestamps below.

0:42 Let’s play a game!

2:10 – Tennis shoes, gym shoes, or sneakers?

3:20 – Market crash, bear market, or market downturn?

5:50 – Firefly vs. lightning bug?

7:19 – Junk bonds vs. high yield bonds?

9:31 – Stocks or equities?

11:15 – Financial advisor or investment advisor?

14:50 – Water fountain, drinking fountain, or bubbler?

16:03 – Clients or customers?

A Point Of Wisdom:

The license that I have to get as an investment advisor, the securities license, is different for me vs. a stock broker.

-Nathan O’Bryant

 

Related Content:

PODCAST: A Financial Checklist for the New Year

PODCAST: 5 Questions You Didn’t Know to Ask

 

Additional Resources:

Schedule A Meeting

Download Your Retirement Rescue Toolkit – Learn More About Our Firm

 

Your Guide:

Nathan O’Bryant – Contact

Share this episode with a friend:

EXPLORE MORE EPISODES

What Weddings and Retirement Planning Have in Common

Following the wedding of Nathan’s son, we wanted to discuss the many things retirement planning and wedding planning have in common. From financial management in the planning process to preparing for the needs and wants of multiple people, there’s a lot to think about. Everybody hopes it will be perfect, but you know that life is going to throw you curveballs. Having a plan will help you prepare, and having a good mindset will help you get through the tougher times in both marriage and retirement planning. 

Listen Now »

Breaking Down The Commentary After Recent Bank Collapses

After a string of recent bank collapses, should we feel comfortable with having money in the banks? What safeguards have been put in place by the government to offer some protection? A lot of talking heads have weighed in on this issue recently, so we’re going to discuss some of those quotes in today’s episode. We’ll take a closer look at what happened and what strategies you might want to consider as well.

Listen Now »

How Age and Wisdom Impact Your Financial Planning

One of the reasons that financial planning is not a one-size-fits-all answer is that everyone’s age, goals, and experiences are different. What you needed in your 20s might look very different from what you need to do in your 50s. Today we talk through the impact both age and wisdom have when you sit down and make a financial plan with a qualified professional.

Listen Now »

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

SUBSCRIBE