Investment Glossary

A

  • Asset Allocation – The process of dividing an investment portfolio among different asset classes such as stocks, bonds, and cash to balance risk and return.
  • Australian Securities Exchange (ASX) – The primary stock exchange in Australia where stocks, ETFs, and other securities are traded.
  • Annualized Return – The geometric average amount of money earned by an investment each year over a given time period.

B

  • Bear Market – A market condition in which stock prices decline by 20% or more from recent highs, often due to economic downturns.
  • Blue-Chip Stocks – Shares of large, established companies with a history of stable earnings and dividends, often considered lower-risk investments.
  • Bond – A fixed-income security where an investor lends money to a company or government in exchange for periodic interest payments and the return of principal at maturity.
  • Bull Market – A market condition in which stock prices rise significantly over a prolonged period, typically driven by strong economic growth.

C

  • Capital Gains – The profit earned from selling an asset, such as stocks or real estate, at a higher price than the purchase price.
  • Commodities – Raw materials like gold, oil, and wheat that are traded in financial markets.
  • Contract for Difference (CFD) – A leveraged financial derivative that allows investors to speculate on the price movements of an asset without owning the underlying asset.
  • Corporate Bond – A debt security issued by a corporation to raise capital, typically offering higher yields than government bonds.
  • Cryptocurrency – A digital or virtual currency that uses cryptographic technology for security, such as Bitcoin or Ethereum.

D

  • Day Trading – The practice of buying and selling financial instruments within the same trading day to capitalize on short-term price movements.
  • Diversification – A risk management strategy that involves spreading investments across various asset classes to reduce exposure to any single risk.
  • Dividend – A portion of a company’s earnings paid to shareholders, typically on a quarterly basis.

E

  • Earnings Per Share (EPS) – A company’s net profit divided by the number of outstanding shares, indicating profitability.
  • Exchange-Traded Fund (ETF) – A fund that trades on an exchange like a stock and holds a diversified portfolio of assets.
  • Equity – Ownership interest in a company, typically in the form of stocks.

F

  • Fixed Income – Investments that provide regular interest payments, such as bonds and term deposits.
  • Forex (Foreign Exchange Market) – The global marketplace for trading national currencies.
  • Futures Contract – A standardized agreement to buy or sell an asset at a predetermined price at a future date.

G

  • Gross Domestic Product (GDP) – The total value of goods and services produced within a country, used as a key indicator of economic performance.
  • Government Bond – A debt security issued by a government to finance spending, considered a low-risk investment.

H

  • Hedge Fund – A pooled investment fund that employs various strategies to earn returns for its investors, often using leverage and derivatives.
  • High-Yield Bond (Junk Bond) – A corporate bond with a lower credit rating that offers higher returns to compensate for increased risk.

I

  • Index Fund – A type of mutual fund or ETF designed to track the performance of a market index, such as the S&P 500 or ASX 200.
  • Inflation – The rate at which the general level of prices for goods and services rises, reducing purchasing power.
  • Initial Public Offering (IPO) – The process by which a private company becomes publicly traded by offering shares to investors for the first time.

L

  • Leverage – The use of borrowed capital to increase the potential return of an investment, often used in trading.
  • Liquidity – The ease with which an asset can be converted into cash without affecting its price.

M

  • Market Capitalization (Market Cap) – The total value of a company’s outstanding shares, calculated by multiplying share price by the number of shares.
  • Mergers and Acquisitions (M&A) – The consolidation of companies through buying, selling, or merging businesses.
  • Mutual Fund – An investment vehicle that pools money from multiple investors to buy a diversified portfolio of assets.

N

  • Net Asset Value (NAV) – The total value of an investment fund’s assets minus its liabilities, used to determine the price of mutual funds and ETFs.
  • Negative Gearing – A strategy where an investor borrows money to invest in an asset that generates income, but expenses exceed revenue, creating a tax benefit.

O

  • Options Contract – A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.
  • Over-the-Counter (OTC) Market – A decentralized market where financial instruments are traded directly between parties, rather than on a formal exchange.

P

  • Passive Investing – A long-term investment strategy that aims to replicate the performance of a market index rather than actively selecting individual stocks.
  • Portfolio – A collection of financial assets such as stocks, bonds, and cash held by an investor.
  • Price-to-Earnings Ratio (P/E Ratio) – A valuation metric that compares a company’s stock price to its earnings per share.

R

  • Real Estate Investment Trust (REIT) – A company that owns and manages income-producing real estate properties and offers shares to investors.
  • Risk Tolerance – An investor’s ability and willingness to endure losses in pursuit of potential gains.

S

  • Short Selling – A trading strategy where an investor borrows shares to sell them at the current price, aiming to buy them back at a lower price for profit.
  • Stock Buyback – When a company repurchases its own shares from the market, often to boost share price or improve financial ratios.
  • Superannuation – Australia’s compulsory retirement savings system, where employees contribute a percentage of their salary into a managed investment fund.

T

  • Technical Analysis – A method of evaluating securities by analyzing price charts and statistical indicators to predict future movements.
  • Term Deposit – A fixed-term investment offered by banks that provides a guaranteed return over a set period.
  • Trading Volume – The total number of shares or contracts traded in a security or market during a given period.

V

  • Volatility – The degree of variation in the price of a financial instrument over time, often used as a measure of risk.
  • Value Investing – A strategy where investors seek undervalued stocks trading below their intrinsic value.

Y

  • Yield – The income generated from an investment, often expressed as a percentage, such as bond yield or dividend yield.
  • Yield Curve – A graphical representation of interest rates on bonds of different maturities, used as an indicator of economic conditions.