- CAGR - Compound Annual Growth Rate; basically the average growth rate that gets you from the start to the end of a period; better than a simple average because a simple average will give the wrong number depending on sequence of returns
- MM - Money Market (fund/account); alternative to HYSA, is SIPC insured instead of FDIC insured
- FDIC - Federal Deposit Insurance Corporation; insurance protection for assets at a bank; usually $250k per SSN per bank
- SIPC - Securities Investor Protection Corporation; like FDIC, but for brokerage accounts; the main difference is that FDIC insurance claims are automatically filed, whereas SIPC requires the account holder to file a claim; however, due to the nature of brokerages, it's not as big of a risk in many cases since the brokerage doesn't usually hold your money, a fund does
- MMM - Mr. Money Mustache; prominent FIRE blog focusing on frugality
- SORR - Sequence of Returns Risk; risk of poor returns (e.g. a market crash) early in retirement that derails your retirement plans
this post was submitted on 11 Jun 2023
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