Financial Terms Glossary


The increase in an asset's value.

Asset Allocation:

An investment strategy in which an investment portfolio is divided among different asset classes according to an investor's risk tolerance and investment goals.

Bear Market:

A market in which prices of a certain group of securities experience a prolonged price decline, typically when securities prices fall 20% or more from recent highs.

Bull Market:

A market in which prices of a certain group of securities experience a sustained period where prices rise.

Cost Basis:

The price paid for an asset. This price is used to calculate capital gains or losses when the asset is sold.

Capital Gain:

The profit realized when a capital asset is sold for a higher price than the price it was purchased for.

Capital Loss:

The loss incurred when a capital asset is sold for a price lower than the price it was purchased for.

Long-Term Capital Gain/ Loss:

The profit/ loss realized on the sale of a capital asset that has been owned for more than 12 months.

Short-Term Capital Gain/ Loss:

The profit/ loss realized on the sale of an asset that has been owned for 12 months or less.


The process of including a wide variety of investments within a portfolio to minimize risk by minimizing the impact of any one security on the overall portfolio performance.


A distribution of a corporation’s earnings, in the form of cash, stock or property.


A person who holds a legal or ethical relationship of trust with their clients and is required to act in the client’s best interest at all times. At One Day In July, all financial advisors are fiduciaries.


The ease with which an asset can be converted to cash at its fair market value. High liquidity is present when there are a large number of buyers and sellers and a high volume of trading activity.

Market Value:

The price at which investors buy or sell a share of common stock or a bond at any given time.

Types of Securities:


Any piece of securitized paper that can be traded for value.


A type of security that represents ownership of a share in a company.

    Large-Cap Stocks:

    Stocks of a public company with a market capitalization of $10 billion or more.

    Mid-Cap Stocks:

    Stocks of a public company with a market capitalization of $2 billion to $10 billion.

    Small-Cap Stocks:

    Stocks of smaller companies with market capitalization of $300 million to $2 billion.


A fixed income financial instrument that represents a loan made by an investor to a borrower, most commonly corporations or governments, and in return the investor receives interest. Type and rating of bonds vary.

    High-Yield Bonds:

    A bond with a rating below investment grade and characterized by a return proportionate to the higher risk (Also known as: junk bonds).

    Treasury Bonds:

    A bond believed to have the highest credit quality, as they are backed by the full faith and credit of the U.S. Government.

Index Fund:

A financial instrument that provides exceptional diversity at a low cost. When purchased, investors are investing in all of the companies in the index that the fund tracks.

Mutual Fund:

A financial instrument that is actively-managed by a financial professional and utilizes a pool of investor funds to trade in a collection of stocks, bonds, or other securities according to the goals of the fund. When working with Mutual Funds, it is important to know the various classes of mutual funds.

How We Are Different
Low-fee index funds. Transparent & fiduciary financial advisors.
Local Financial Advisor
We are in your community. We are local.
Investment Management
We tailor to each client. Index funds at the core.
Our Growth
Founded on a simple idea, growing fast.
Dan's Corner
Meaningful musings from our founder.
Your best interests are our priority.
Low Fees
Our fees are among the lowest in the nation.
Financial Planner
Financial advisor optimizes your financial picture.
U.S. Treasury Bonds
Use Treasury Bonds to reduce risk.
Book Recommendations
Here are some of our favorites
Who We Serve
We work with clients nationwide from all financial backgrounds.
When Should I Invest?
Life transistions = important financial decisions.
Retirement: 401k and More
Retiring? Plan the future you want.
IRA Rollovers
401k Rollovers. IRA Rollovers
Active vs. Passive Investing
We believe there is a winner in this debate.
The Investment Process
How we work: low-cost index funds, personalized attention.
Simplicity is the ultimate sophistication.
Investing: What to Focus On
Low-fee index funds. fee-only advisor.
Switching Financial Advisors
Can be uncomfortable, but an important step.
Advisor Recruiting
We attract top-tier talent. Not your usual firm.
Basic Investing
Let's start with Investing 101.
Understanding Your Financial Statement
Let's break it down to basics.
Index Funds
Broad market exposure, low expense.
Behavioral Finance
Nudge vs. Sludge.
Advanced Investing
Let's geek out on stats and figures.
How Financial Firms Bill
Fee-based vs. fee-only, and lots more.
Who Supports Indexing?
Bogle, Swensen, Buffett, and others.
One click to see our fees.
Mutual Funds vs ETFs
Clarifying the difference.
Does Stock Picking Work?
The resaerch says no.
Countering Arguments Against Index Funds
What happens in a down market?
Lots of fees, little clarity.
How Do Mutual Funds Work?
Invest in the basket.
How to Relieve Financial Stress
New client? anxiety is normal.
Financial Terms Glossary
Common investment terms you should know.
Firm Comparison
One Day In July vs the competition.
Retired Investing
Retiring? Let us help.
Young Investors
Plant a seed, watch it grow.
High Net Worth Investors
Preserve and grow your wealth.
Investing an Inheritance
Prioritizing and planning for the future.
Frequently Asked Questions
Good questions, real answers.
Female Investors
Your voice needs to be heard. We are listening.
For the Business Owner
Choosing what's best for your business.
Environmental Investing
Carbon intensity, fossil fuels.



New Hampshire


United States



401k Plans




Cash Flows

Low Fees


Dedicated Advisor


Advisors: Join Us


Articles on Investing

About the Secure Act

Quarterly Booklets


Vermont Investment Management

Vermont Retirement Planning

Vermont Wealth Management

Vermont Financial Advisors

Investment Tools

Shelburne, VT Financial Advisor

Frank Koster | Josh Kruk

5247 Shelburne Rd, Suite #101

Shelburne, VT 05482

(802) 777-9768

Stowe, VT Finanical Advisor

Available for meetings in Stowe.

Steve Schleupner

(301) 514-4499

Burlington, VT Financial Advisor

Hans Smith | Katie Muttitt

Nancy Westbrook | Peter Egolf

77 College Street #3A

Burlington, VT 05401

(802) 503-8280

Portsmouth, NH Financial Advisor

Paul Barry

4 Market Street, 2nd Floor

Portsmouth, NH 03801

(603) 531-3773

Frederick, MD Financial Advisor

Available for meetings in Frederick.

Steve Schleupner

(301) 514-4499

Disclosures | v 1.5.7 | © One Day In July LLC. All Rights Reserved.