I decided we should extend from yesterday’s show about investing. The harsh reality is we are bombarded by financial terms in news and media every day. Often this is done as a type of class warfare that is totally lost on most of the population. Such as blaming the woes of the stock market on “naked short selling”. At times such statements are at least partially true at others they are totally false. Yet one thing is clear, 90% of the sheep that are all pissed off at the “naked short sellers” have no idea what short selling is, how it works, what it does, the risks involved, etc. They also have zero idea what it means to be “naked” on a short sale, the reason shot selling exists or how they can go short sell if they want to as well.
This is just one more component of the dumbing down of America. The media uses terms in a positive or a negative light but makes no attempt to explain them to a population they know very well doesn’t understand them. Hence people take a positive view of terms like “reform” and negative views of terms like “shorting” but they don’t really know what the terms mean at all. My view is form your own opinion, control your own money, etc. but don’t form opinions based on another person’s view of a word you don’t even truly understand.
Join me today as we discuss…
- What is a put (aka a short)
- What is a call
- What does it mean when you are “naked” in an option
- What is a derivative
- What is a P/E Ratio
- What is a dividend
- What is a DRIP
- What are Class A, B and C shares in your mutual funds
- What is an annuity
My goal in today’s show is simply to improve your financial understanding and vocabulary. I know some may not see this as a true “survival topic”. Yet given the current state of the U.S. and Global economies and the risk posed by any level of economic collapse understanding money may be one of the most important components of your future survival.
Additional Resources for Today’s Show
- Members Support Brigade
- TSP Gear Shop
- Join Our Forum
- The Berkey Guy – (sponsor of the day)
- MURS-Radio.com – (sponsor of the day)
- Naked Short Selling Explained
- The Covered Call Explained
- Class A, B and C Shares in Mutual Funds Explained
- InvestorWords.com – What an awesome resource! Try learning one new word a day with it.
- Annuity Explained
- Ron Hood’s Survival.com Magazine
Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.