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Financial Jargon Made Simple, Loans, Savings/Investments

Financial Jargon Made Simple – Leveraging

According to Investopedia. Leveraging results from using borrowed capital as a funding source when investing to expand the firm’s asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Leverage can also

Financial Jargon Made Simple, Savings/Investments

Guest Article: Village Banking and Cilimba Groups

Village Banking and Cilimba groups are Rotating Savings and Credit Associations (ROSCAs) which are groups as old as time. They are informal groups where individuals, who are usually friends, colleagues or family come together and decide to save, lend or invest money together. Village Banking Vs Cilimba Similarities: • Both Village banking and Cilimbas are

Financial Jargon Made Simple, Loans, Savings/Investments

Financial Jargon Made Simple – Compound Interest

Investopedia defines compound interest as interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan. Thought to have originated in 17th century Italy, compound interest can be thought of as “interest on interest,” and will make a sum grow at a faster rate

Financial Jargon Made Simple, Insurance

Financial Jargon Made Simple – Insurance Premium

Investopedia describes insurance premiums as the specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time. Simply, it is the amount of money that you pay in order for your insurance to remain active. This could be a monthly, quarterly, bi annual

Financial Jargon Made Simple

Financial Jargon Made Simple – Diversification

Investopedia describes diversification as a risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio constructed of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio. In simple terms, diversification is encapsulated (I did say simple terms