What’s this “In Simple Language” all about?
Did you ever talk to a financial advisor or financial services professional and at the end of the conversation you weren’t sure what they said? Kind of a “deer in the headlights” thing where you saw it coming but froze and didn’t realize what was going on. Well, that’s what “In Simple Language” is going to cure, fix, remedy, make easy, make understandable without using all of the confusing and complex terms that financial professionals use. Your financial well being is too important to not understand what these advisors are telling you.
As a former stockbroker, it never dawned on me that my clients didn’t “really” understand all that I was explaining to them. When I finally realized how confusing and complex most of these financial terms can be to people who don’t deal in the financial world everyday, I decided to do something about it. I am no longer a stockbroker-sixteen years was enough-and I don’t sell financial products or personally advise clients anymore.
I am simply trying to make life a little less confusing for those of you that don’t read financial manuals or books in your leisure time. Unfortunately for me, I do. It’s in my blood. I actually like to read this stuff. Tell me the stuff that confuses you. Is it such things as What’s an ETF? An ETN? What is a growth stock used for? How does an ARM work? My advisor said to add a few regional funds to my portfolio. What does that mean? Whatever is confusing you let me know. I will define it, explain it and present it “In Simple Language”.
I will do my best to answer as many posts as is humanly possible. If I don’t get to your question immediately, please be patient and keep on trying. I appreciate your participation “In Simple Language.” Thanks. I can’t wait to hear from you.
on April 29th, 2008 at 9:32 am
Rich, I must say I’m looking forward to watching this blog. Yes I have been there, it must be human nature not to want to look “stupid” when if comes to your financial future and most of us don’t ask questions..
Good luck with this and I’m subscribing right now!
Keith
on April 30th, 2008 at 6:55 pm
ok I just came across your blog and this just seems timely! On the news tonight they were talking about the fed and they just dropped rates to 2%! OK I just got a notice from the mortage company that has my mortgage and they are raising my adjustable rate by .5% that means a hundred dollars amonth to me??? What is going on?
I hope you can put this in simple language cause I’m confused!
Looking forward to your reply.
on April 30th, 2008 at 8:00 pm
I see in your about me that you have been in the insurance biz… I know you may not be able to “advise” me but give it yur best shot.
I live in a condo and I want to get an idea what I’m responsible for I pay my dues and my understanding is that I’m responsible for the interior and the condo association is responsible for the exterior as a portion of waht I pay thme per month go to insurance. To your knowlege is my “condo premium” for interior and my furniure?
I really am confused… Thanks
on April 30th, 2008 at 8:54 pm
Dear Rick, This is a great web page. I have been in the dark for years on this topic and I am so happy you are here to answer my questions.
Good luck. You shall be hearing from me.
Bon
on May 2nd, 2008 at 9:47 am
Dear Rick,
Would it be advisable to keep a 6 month CD and let it roll over since it is paying 4.25%??
on May 2nd, 2008 at 10:03 am
Bonnie,
When an individual buys a certificate of deposit, they are giving their money to the bank to hold for a specific period of time at a set interest rate. If that individual doesn’t need the money and they want to protect their initial investment in the certificate of deposit then they should probably keep rolling it over in another CD.
Keep in mind that you must tie up your money for a set period of time or you will be subject to a penalty by the bank.
Since your investment advisor knows your complete situation, I would suggest that you contact the advisor and, based on your financial situation, the advisor can make an informed decision.
on November 17th, 2009 at 2:13 am
Hi,
well written article, I think our views on What’s this “In Simple Language” all about? differ a little however you put foward some good points
Thanks