Over the five years of this blogs existence, I have often wondered how to treat certain financial terms. When I stop and provide a short description (of the term), that can break the flow of the discussion. So, how do I inform or educate all readers, without annoying those with a greater financial awareness?
For instance, the media may take different approaches in reporting various economic statistic, such as the GDP—Gross Domestic Product: which is the total of all goods and service produced by a country (or other entity). The general print or broadcast media might provide a brief explanation of the particular statistic, when announcing it.
Print media snd cable TV stations, which regularly report on financial topics; however, would not. Rather, they might place the particular item into some form of context, such as: adding the quarterly GDP; its advance or decline for the Year; or perhaps the actual, versus the projected, GDP statistics.
I have decided to create a “Financial Terms” Tab, which may be accessed at the top-left of this blog. For anyone seeking more in-depth information on the term, they might link on Investopedia, or any of a number of other financial-related web sites. Rather than try to include a wide range of terms, all at once, I will build upon the terms to be included, over time.
NOTE: Keep in mind that financial terms and concepts might be included in posts, which discuss other than financial topics.