BaldwinClarke, Author at Independent Wealth + Business Advisory

Author: BaldwinClarke

#Finterms: Durable Power of Attorney (DPOA)

A Durable Power of Attorney (DPOA) is a legal instrument that grants a designated individual (the agent or attorney-in-fact) the authority to make financial or healthcare decisions on behalf of the principal.

#Finterms: Hyperscaler

In the context of finance, "hyperscaler" refers to large technology companies or service providers that operate massive cloud infrastructure platforms. These platforms support scalable computing and storage services, enabling businesses to efficiently handle growing demands.

#Finterms: Magnificent Seven

The “Magnificent Seven” refers to seven leading technology companies—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—that have significantly influenced the stock market in recent years. In 2023, these companies accounted for over half of the S&P 500's 26% return, collectively achieving a remarkable 111% gain.

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Categories

#Finterms: Durable Power of Attorney (DPOA)

#Finterms: Hyperscaler

#Finterms: Magnificent Seven