After some great audience response to last week’s show, we brought CFP Lynn Habrowski, of Great Lakes Wealth Planning, back today to take a deeper dive into different terms we often hear with regard to investing.

We start with the current market volatility we’ve seen in 2022 – what do the terms “bear market” and “bull market” mean? Lynn also explains why our current bear market environment correlates to the stimulus money the government printed to get us through COVID. Our current inflation is something we could see coming, and Lynn coached her clients to be prepared for it.

Lynn and Paula also explain index (and indices), asset allocation, and diversification. What do they all mean, and what’s the difference between investing as a 20 year old and a 65 year old?

When it comes to investing, there are all kinds of different types of stocks to look at – growth stocks and value stocks. Small, mid, and large cap – and more. Lynn breaks these down.

We finish with a speed round, covering terms like portfolio, rate of return, interest, dividends, dollar cost averaging, capital gains, and capital losses.

It’s good to have an understanding of these different financial terms, but it’s more important to know why you’re investing, and why you are using your current strategy.

To reach Lynn, give her a call at (586) 773-6800, or find her online at https://www.glwealthplanning.com/

For more info on the course or working with Paula, visit https://www.paulachristine.com/

Or send Paula an email: paula@paulachristine.com.

Lynn Habrowski is a certified financial planner with LPL Securities. Advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA SIPC