by elbowelbow February 23, 2020
Get the financial freedom movement mug.A term used by degenerates who want the credibility and reputation of an actual financial advisor but don't want the accountability and liability that comes along with it. Mainly used by room temperature IQ individuals on TikTok, Youtube, Twitter, etc under the age 21 who probably don't even have a degree, CFA, or any knowledge about basic economics yet feel the need to give financial advice.
You can find them on social media using terms like #ToTheMoon #Stonks #DiamondHands and bandwagoning the latest hype stock or meme crypto and then never to be seen again until another hype stock is talked about by the masses as they don't know anything else about the financial world other than riding the current trend.
They are somewhat related to furus (fake gurus) who want to sell you $1000 courses on stock market education you could probably find on the internet with a few minutes of research. These wannabe financial advisors love to talk about meme stocks and cryptos as well as telling people to #BuyTheDip or #HODL #DoNotSell while still putting in their disclaimer "All posts are opinions and I do not give buy, hold, or sell recommendations."
The problem with these fake advisors is that they think saying they aren't financial advisors creates a loophole where they can't be held liable for their advice. This is literally the same concept as using copyrighted material and saying "No copyright infringement intended" which completely contradicts their statement.
You can find them on social media using terms like #ToTheMoon #Stonks #DiamondHands and bandwagoning the latest hype stock or meme crypto and then never to be seen again until another hype stock is talked about by the masses as they don't know anything else about the financial world other than riding the current trend.
They are somewhat related to furus (fake gurus) who want to sell you $1000 courses on stock market education you could probably find on the internet with a few minutes of research. These wannabe financial advisors love to talk about meme stocks and cryptos as well as telling people to #BuyTheDip or #HODL #DoNotSell while still putting in their disclaimer "All posts are opinions and I do not give buy, hold, or sell recommendations."
The problem with these fake advisors is that they think saying they aren't financial advisors creates a loophole where they can't be held liable for their advice. This is literally the same concept as using copyrighted material and saying "No copyright infringement intended" which completely contradicts their statement.
Actual financial advisor: I use highly complex algorithms and statistical modeling to determine accurate probabilities on my investments and can show you that investing in the S&P500 index has proven to give around a 10% return for the past 10 years
Wannabe financial advisor: stonks go brrr, doge to the moon, buy the dip guys, apes strong together *loses life savings after yoloing it on 0 day expiration options*
Actual financial advisor: This person definitely has "I am not a financial advisor" in their bio
Wannabe financial advisor: stonks go brrr, doge to the moon, buy the dip guys, apes strong together *loses life savings after yoloing it on 0 day expiration options*
Actual financial advisor: This person definitely has "I am not a financial advisor" in their bio
by Mediocre Quant June 17, 2021
Get the I am not a financial advisor mug.what you get when the school financial offices f*ck you over! Often occurring during the process of taking your arm and/or leg for tuition payment.
symptoms include...yelling, cussing, gasping and then saying WTF? when you open your mail, the strong urge to egg the financial building, cobwebs growing in your wallet, eating ramen noodles for two out of three meals for the day, etc.
symptoms include...yelling, cussing, gasping and then saying WTF? when you open your mail, the strong urge to egg the financial building, cobwebs growing in your wallet, eating ramen noodles for two out of three meals for the day, etc.
by college owns my soul February 5, 2010
Get the financial aids mug."He doesn't really love her, he loves her money. Until they actually get married, she is his financee."
by steve freund March 24, 2008
Get the financee mug.A person thats leads a lifestyle in which they falsely advertise their wealth and financial accumulation. He or She may wear and buy designer brands that are beyond their cash earning to boost social image.
by sternclion January 3, 2015
Get the financial catfish mug.1. Where 50% of kids come because no other school accepted them.
2. Where 3/4 of the kids don't like to cook.
3. Where there is a bunch of unnecessary drama.
2. Where 3/4 of the kids don't like to cook.
3. Where there is a bunch of unnecessary drama.
by MillyBobbyBrown June 25, 2018
Get the Food and Finance High School mug.(FINANCE) a financial instrument whose value is tied to something else; for example,
* a futures contract (future)
* an option
* a swap
In each of these examples, the value of the derivative is related in some way to the price of something else. When the market price of (say) an ounce of gold goes from $1000/oz to $1050/oz, the return to the owner of 1 oz. of actual gold is 5%. But for the owner of a call option or a future, the return is much, much greater than that.
A derivative can be used to multiply risk AND potential profits to speculators; but it can be used for the counterparty to minimize risk by locking in prices, or by hedging against risk.
* a futures contract (future)
* an option
* a swap
In each of these examples, the value of the derivative is related in some way to the price of something else. When the market price of (say) an ounce of gold goes from $1000/oz to $1050/oz, the return to the owner of 1 oz. of actual gold is 5%. But for the owner of a call option or a future, the return is much, much greater than that.
A derivative can be used to multiply risk AND potential profits to speculators; but it can be used for the counterparty to minimize risk by locking in prices, or by hedging against risk.
by Abu Yahya April 5, 2010
Get the financial derivative mug.