For many early 20-somethings that are freshly graduated and are now facing credit card and loan bills, the last thing on their mind is investments. Your new job can just about cover rent and groceries but the limitless pocket money of your youth is now a distant memory. Granted, saving for retirement may be a far fetched idea with the mountain of immediate payments piling up; however this does not mean that young Canadians should ditch investing entirely!
Taking control of your financial future is a pressure-filled process. You want to have confidence in what you are doing as well as an overarching plan, yet hearing investing aficionados talk sounds like an entirely different language! Understanding financial terminology can be a dizzying process and nobody wants to be bamboozled when it comes to something as important as money. But fear not, we have comprised a short list of terminology to acquaint yourself with before you consult a financial advisor about increasing your wealth.