Investopedia, an online provider of financial content, has announced its list of the top financial terms of 2017.
The list reflects investor interest, key trends and news events during the year as measured by search volume and percentage gains.
“Investors clearly have disruptive technology on the mind this year,” Investopedia’s chief executive, David Siegel, said in a statement.
“While we don’t know yet how these trends will play out in 2018, what we do know is that investors are craving more information and insight on how to get involved with new offerings like Bitcoin and how innovative technology is going to impact their investing, personal and professional lives.”
According to Investopedia, 2017 was a record year for traffic gains and revenue growth. November was the highest traffic month on record for the site, drawing some 27 million visitors and serving 85 million page views. Video streams topped 24 million, it said.
In 2017, it added 250 new terms, and while not all of them made it to the top, two terms made the list with honorable mentions:
Jay-Z: The rapper turned financial mogul is officially a term on Investopedia.com.
Potcoin: The cryptocurrency is solely dedicated to buying marijuana, hemp and cannabis products.
Following are the 2017 top financial terms, showcasing the most prevalent trends and issues that affected investors during the year:
With baby boomers and Gen Xers approaching or already in retirement, millennials are about to witness the largest-ever wealth transfer, bringing major changes to traditional investing tactics and retirement planning.
This term jumped back into the spotlight when Richard Thaler, a key proponent of behavioral economics, won the 2017 Nobel Memorial Prize in Economic Sciences for his development of the nudge theory.
A subset of socially responsible investing, impact investing aims to generate not only financial gain but also social and environmental benefits. This has attracted growing interest from millennials who want to align their money with their values. In response, investment management firms are offering new funds and products to cater to these customers’ needs.
This was one of the “buzziest” words in 2017, according to Investopedia. Firms across all industries were talking about adopting machine learning and artificial intelligence. This was the year of building AI technology, while 2018 will be the year the industry sees it in application.