Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

A startup valued at over £1 billion. They are rare, hence the name.

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Dividends

Find out what dividends are and how they can contribute to the growth of your investment portfolio.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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