Description
The purpose of this assessment is to build a sense of community as we learn about Personal Financial Planning together. It involves posting a summary and some practical applications of one article of your choice that relates to one of the Units of the course under the ‘Learning Community’ section of the course website (note that you do not need to post one article on each Unit of the course). An article can be a website article, news article, blog article, academic research article, book chapter, video or audio podcast of your choice. However, there is a catch. You must post on an article that no one else has posted on this term. In other words, there is a ‘first-mover advantage’ with this assessment. You should select your article and post on it early before someone else beats you to it.
here is relate to one of the Units
Unit 1: Financial Intelligence
Understanding financial statements, forecasts, budgets, operating leverage and financial planning process.
Unit 2: Financial Strategy
Money and happiness, human bias, values, life stages, setting goals, rates of return and savings calculations.
Unit 3: Financial Independence
FIRE movement, how much is needed, common strategies and details of the superannuation system.
Unit 4: Career Strategy
The economy, structural change, understanding yourself, choosing a career and developing a career strategy.
Unit 5: Property and Loans
Pros and cons of buying property, property taxes, valuation, buying process and property loans.
Unit 6: Ethics and Compliance
Ethical frameworks, decision-making, values and principles, FASEA code of ethics and legislation.
Unit 7: Risk Management
Risk and human bias, social security, estate planning and life, property, motor, health and travel insurance.
Unit 8: Taxation Planning
Understanding the tax system, tax on personal and investment income and tax on superannuation.
Unit 9: Investing in Shares
Valuing shares, portfolio theory, investing in shares, non-mainstream investments.
Unit 10: Investment Strategy
Asset categories, financial leverage, risk profiles, asset allocation and investment strategy
