10 CEOs Transforming Business Through Innovation
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10 CEOs Transforming Business Through Innovation
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Investing can be a stepping stone towards financial freedom, yet the journey begins with understanding the basic terminology. This guide aims to unravel key investment terms, explore various investment types, and delve into the long-term investment advantages, all illustrated with real-world examples and statistics. As you venture into the financial world, remember that professional guidance is available to help navigate the complexities of investing. At Trilogy Financial Services, a dedicated financial advisor can work with you to amplify your wealth and fast-track your financial independence. Discover more about how they can assist you in planning for long-term success as we delve into the essential investment terminology.
1. Stocks:
2. Bonds
3. Mutual Funds
4. ETFs (Exchange Traded Funds):
5. Dividends:
Different types of investments cater to varying risk appetites and financial goals. In 2020, 35% of respondents believed real estate to be the best long-term investment, followed by the stock market2.
1. Growth Stocks:
2. Value Stocks:
3. Dividend Stocks:
4. Bond Investments:
5. Mutual Funds and ETFs:
Long-term investments, typically held for five years or more, allow the benefits of compounding to significantly enhance the value over time4. It's important to understand your risk tolerance when it comes to determining your investment portfolio such as the amount of money you want for your retirement account and what investments in stocks might yield the higher returns and market capitalization you are looking for in your broader financial goal.
Delving into Case Studies and Numbers:
Understanding investment terminology and exploring various types of investments are crucial steps toward achieving financial growth. As illustrated through real-world examples and reinforced by compelling statistics, long-term investments offer a pathway to potentially grow wealth over time. However, the realm of investing can be complex, and making informed decisions is vital for financial success. If you are looking to make well-informed investment decisions, consider speaking with a financial advisor at Trilogy Financial Services. With the help of qualified professionals, you can navigate the financial complexities that may be hindering your wealth amplification journey. Trilogy Financial Services offers a range of financial services including 401k Retirement Planning, Wealth & Asset Management, Estate Planning Strategies, Investment Strategies, College & Education Planning, and Insurance Services, all tailored to help you achieve your financial goals1.
Instead of spending years mastering finances on your own, partnering with those who have already traversed the financial landscape can fast-track your financial success. A dedicated financial advisor from Trilogy Financial Services can work with you to make your money work smarter and harder, simplifying the financial intricacies that have been keeping you up at night. You can schedule a no-strings-attached portfolio review today and embark on a path to financial success guided by professional advisors. For more information and to schedule your consultation, visit www.trilogyfs.com/yourmoneyamplified. With the right knowledge and professional guidance, the journey of investing becomes an exciting venture towards pursuing financial security and growth.
For many young adults, college is the first time they are independently managing their own money. It can be a time marked with excitement and new opportunities, or anxiety and worry. Financial skills built at this time can have long-lasting benefits. Likewise, money mistakes made now will carry on into their future. That is why about 70 percent of college students worry about their finances[i]. However, with the right skills and habits, this can be a great time to lay a strong foundation for their future financial independence.
The first financial decision that most college students encounter are student loans. Before taking out student loans, make sure to explore other financial aid options, such as scholarships and tuition assistance from participating employers. Also, don’t forget the option of going to local community colleges for the first couple of years. If student loans are an option, it is best to resist the temptation to take the maximum amount one qualifies for. Instead, borrow only what is needed. This will help in the long run. College is an investment, and students need to be sure that their rate of return is worth it.
It is imperative that young people know how to budget, but unfortunately, that’s largely not the case. In fact, 43 percent of college students don’t track their spending[ii]. This is particularly crucial for those who have student loans. You can help your young people early by introducing them to the concept of budgeting well before you’re packing them up for college. A budget is not simply an account of where one’s money goes. It aids in making decisions, establishing financial priorities, and staying aware of how your money is working for you. Please always remind your college students that the less they spend now, the more they’ll be able to move forward in the future.
Another common first for college students is the first credit card. Credit cards are a good tool to establish small lines of credit, but monthly balances should always be paid off immediately. Not only does this avoid late fees, but it also avoids interest building on purchases. Also, protecting personal information is imperative. Students need to constantly be aware of who they are giving their information to and what is being charged to their account.
College is a busy time full of “firsts”. These experiences can have long-reaching consequences. Help your college students prepare a solid foundation to their financial independence by providing them with the proper education and tools for a bright financial future.
[i] https://news.osu.edu/70-percent-of-college-students-stressed-about-finances/
[ii] https://www.affordablecollegesonline.org/college-resource-center/student-guide-to-budgeting/
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Some advisors associated with this material are registered representatives of LPL Financial (LPL) and are Investment Advisor Representatives (IAR’s) for Trilogy Capital Inc. (TC). Some IAR’s of TC are not registered or affiliated with LPL. Securities offered through LPL. Member FINRA/SIPC. Investment advisory services offered through TC, A Registered Investment Advisor. TC markets advisory services under the name of Trilogy Financial (“TF”), an affiliated but separate legal entity. TC and TF are separate entities from LPL. The LPL Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the United States.