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Macho Money Video Series

Our Macho Money area has videos filled with valuable financial information including, Definitions, Military Spouse Investing 101, Financial Advice, and Money Do's and Don'ts.

 

Macho Money Video Series

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Advice

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Definitions

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Military Spouse Investing 101

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What Worked For Me

 

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Before We Invest

Macho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs.

This post is about: savings account, saving, male military spouse, military family, investment, macho money, USAA, Scott Halliwell, JJ Montanaro, money, finance


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image for Macho Money Definitions - What Is An Investment Account?
Macho Money Definitions - What Is An Investment Account?

Macho Money Definitions

"What is an Investment Account?"

This post is about: investment account, IRA, individual retirement account, investment, stock, macho money, USAA, Scott Halliwell, JJ Montanaro, saving, money, finance


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image for Macho Money Definitions - What Is An Investment?
Macho Money Definitions - What Is An Investment?

What is an investment?  According to the American Heritage New Dictionary of Cultural Literacy (3rd Edition), an investment is, “The purchase of property with the expectation that its value will increase over time.”

Seems straight forward enough, but for those who want a more thorough explanation with examples from USAA Financial Counselors J.J. Montanaro and Scott Halliwell, click on the short video.


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image for Macho Money Definitions - What Is A Bond?
Macho Money Definitions - What Is A Bond?

vid_whatisbond.jpgWhat is a “bond?” No, not a secret agent from England, but an investment tool used to grow wealth.  According to the Wall Street Journal, bonds are a form of debt. Bonds are loans, or IOUs, but you serve as the bank.  You loan your money to a company, a city, the government – and they promise to pay you back in full, with regular interest payments.

Pretty understandable, but for greater detail and examples, click on the video and listen to Scott Halliwell from USAA explain.


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image for Macho Money Definitions - What Is A Market Index?
Macho Money Definitions - What Is A Market Index?

vid_whatisindex.jpgWhat is a “market index?"  According the SEC, a market index tracks the performance of a specific "basket" of stocks considered to represent a particular market or sector of the world stock market or the economy.

 

There are indices for almost every conceivable sector of the economy and stock market.

USAA Certified Financial Planner, Scott Halliwell, does a great job in this video of giving a more thorough explanation of a market index with some examples.


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Why Invest

vid_whyinvest.jpgOK, so you've taken the advice from our last video, "Before We Invest," and built-up a cash savings account.  Great.  But now that money is looking pretty good in savings, why risk any of it playing the stock market?  Having something is better than having nothing...right?  When it comes to planning for retirement, not exactly.  In this video, Scott and JJ (Certified Financial Planners with USAA) share some great insight on why it's important to start an investment account, what we should consider before beginning, and why it's not a good idea to simply start throwing money at random stocks.

Macho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs.


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image for Macho Money Definitions - What Is An IRA?
Macho Money Definitions - What Is An IRA?

vid_whatisira.jpgWhen talking investments, IRA is the abbreviation for “Individual Retirement Account,” not “Irish Republican Army.” According to About.com, IRAs are basically savings plans with lots of restrictions. The main advantage of an IRA is that you defer paying taxes on the earnings and growth of your savings until you actually withdraw the money. The main disadvantage is the tax law imposes stiff penalties if you withdraw the funds before you turn age 59.5 years old. There are different types of IRAs, each with their own tax implications and eligibility requirements. And here is a little fun fact, IRA's stem from the early 1970s when NBC broadcasted a television special called “The Broken Promise,” which showed Americans the consequences of poorly funded pension plans. In this short video, USAA Certified Financial Planner Scott Halliwell explains IRAs in further detail.


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image for Macho Money - What Worked For Me with Julie Finlay
Macho Money - What Worked For Me with Julie Finlay

vid_workJulie.jpgMacho Money "What Worked For Me" videos are a series of short videos that highlight some financial successes people have accomplished.  These quick interviews are not from Certified Financial Planners, bankers, or any other type of sophisticated financial gurus...they are normal, hard-working people who made some smart decisions with their money.  In this video, Julie Finlay shares why she is looking at a potential early retirement.  If you've already seen Alan's video, we think you'll start to notice a patern.


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image for Macho Money - What Worked For Me with Alan Brown
Macho Money - What Worked For Me with Alan Brown

vid_workAlan.jpgMacho Money "What Worked For Me" videos are a series of short videos that highlight some financial successes people have accomplished.  These quick interviews are not from Certified Financial Planners, bankers, or any other type of sophisticated financial gurus...they are normal, hard-working people who made some smart decisions with their money.  In this video, Alan Brown shares a quick tip on what helped him start a savings plan nearly 20 years ago.  We can only imagine how much he has in savings today!


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image for Macho Money Definitions - What Is A Stock?
Macho Money Definitions - What Is A Stock?

vid_whatisstock.jpgWhat is a stock? According to Dictionary.com, a stock is:

1. the outstanding capital of a company or corporation.
2. the shares of a particular company or corporation.
3. the certificate of ownership of such stock; stock certificate.

Click on the video and listen to a couple cool USAA Financial Counselors give a more thorough explanation with examples.


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image for Macho Money Definitions - What Is A CD?
Macho Money Definitions - What Is A CD?

vid_whatiscd.jpgIf you hear someone use the letters “CD,” they are abbreviating the term “certificate of deposit.”  And according to Investopedia, a CD is A savings certificate entitling the bearer to receive interest.  A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC.  The term of a CD generally ranges from one month to five years.

It can get a bit confusing, but for a more clear explanation with examples, click on the video and listen to Scott Halliwell from USAA.


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image for Macho Money Definitions - What Is A Mutual Fund?
Macho Money Definitions - What Is A Mutual Fund?

vid_whatismfun.jpgAccording to Investopedia, a mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. If you're still a bit confused, click on the video and watch USAA Certified Financial Planner, Scott Halliwell explain in further detail.


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