Personal Finance | Private Wealth Management

Welcome to the Personal Finance | Private Wealth Management course by EDUCBA.  This course would help you check your understanding of personal finance and monitor your progress as you complete the course. This course introduces you to the fundamental concepts of Wealth Management. We will begin by exploring Situational Profiling, Active Vs Passive Wealth and Stages of Life. We will develop Psychological Profiling, Investor Personality Types, Individualistic Personality Type. Effective Financial Planning requires estimating Lifetime Expenditures. We will cover Time Value of Money concepts in general and the Lifetime Expenditures exercise in particular. We will examine how households invest money. We will understand Benefits of IPS, Time Horizon, Common Liquidity Issues, Risk Tolerance and Return Objectives and Monte Carlo Vs Deterministic Approach.

You will be learning the followings;

Situational Profiling

Active Vs Passive Wealth

Stages of Life

Psychological Profiling

Investor Personality Types

Individualistic Personality Type

Benefits of IPS

Time Horizon

Common Liquidity Issues

Risk Tolerance and Return Objectives

Monte Carlo Vs Deterministic Approach

EQ – Case Study Individual Investor

Type of Taxes

Progressive Tax Example

Accrual Taxation

Capital Gains Taxes

Wealth Taxes

Accrual Equivalent Returns

Summary of Relationships

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