It’s the first day of the school year for public schools here in Wisconsin and my feed is blowing up with posts from parents who can’t believe how old their babies are already. I know you parents don’t want to think about it, but just wait until you send ’em off to college! I’ll giveContinue reading “WTF is a 529?”
Much older people are more likely to experience RMDs, but they affect the younger generations’ money too. But, WTF is an RMD?
It’s every tech bro’s dream: “I’m gonna be rich when my start-up has it’s IPO”. Many founders eagerly await the day their company has its IPO. Robinhood is about to do it. AirBnB is scheduled to do it. But WTF is an IPO? IPO stands for “Initial Public Offering”. When a company offers shares ofContinue reading “WTF is an IPO?”
NFT stands for Non-Fungible Token. Which clarifies absolutely nothing. What kind of a word is “fungible” and how does something become not fungible? Despite being very similar in spelling, fungible has nothing to do with fungus or fungi. Nope, no mushrooms here. Instead, the Merriam-Webster Dictionary tells us “Something fungible can be exchanged for somethingContinue reading “WTF are NFTs?”
While many industries have their own acronyms, abbreviations, and jargon, the financial industry seems to really enjoy imposing their shortcuts on everyone else. This series will aim to de-mystify WTF the alphabet soup means and how it applies to your life.