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Stock Market Analysis and Personal Finance

Stock Market Analysis and Personal Finance. Mr. Bernstein Your Financial Life and Setting Financial Goals September 2019. Stock Market Analysis & Personal Finance Mr. Bernstein. Personal Financial Planning

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Stock Market Analysis and Personal Finance

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  1. Stock Market Analysis and Personal Finance Mr. Bernstein Your Financial Life and Setting Financial Goals September 2019

  2. Stock Market Analysis & Personal Finance Mr. Bernstein Personal Financial Planning • The purpose of this class is to provide a framework for understanding what “your financial life” means… • …how it relates to your goals in life… • …the major components of a financial life… • …the financial alternatives you may face… • …and the high likelihood that you will be responsible for managing your own financial life

  3. Stock Market Analysis & Personal Finance Mr. Bernstein Personal Financial Planning • Determine Your Current Financial Situation • Develop Your Financial Goals • Identify Your Options • Evaluate Your Alternatives • Create and Use Your Financial Plan of Action • Review and Revise Your Plan

  4. Stock Market Analysis & Personal Finance Mr. Bernstein Risks to a Financial Plan Over the course of your financial life, some major factors will change and evolve. In this course we will learn how to best manage: • Inflation Risk • Interest Rate Risk • Income Risk • Liquidity Risk • Personal Health and Safety Risk

  5. Stock Market Analysis & Personal Finance Mr. Bernstein Developing Personal Financial Goals Time Frames Short-Term (ie <1 year) Intermediate (ie 2-5 years) Long-Term (ie 5+ years)

  6. Stock Market Analysis & Personal Finance Mr. Bernstein Developing Personal Financial Goals Life Cycle Young Single Adult Young Couple / No Children (DINKs) Couple with Young Children Single Parent with Children Middle Aged Adult Older Couple with Children Grown and Gone

  7. Stock Market Analysis & Personal Finance Mr. Bernstein Developing Personal Financial Goals Young Single Adult (s/t, intermediate) Obtain Career Training Become Financially Independent Obtain Health Insurance Develop Savings Plan Manage Credit Carefully Couple with Young Children (more focus on l/t) Purchase a Home Start College Fund Begin Retirement Savings …for all phases of a typical lifecycle see next slide

  8. Stock Market Analysis & Personal Finance Mr. Bernstein Developing Personal Financial Goals Figure 1.2 is from former text book

  9. Stock Market Analysis & Personal Finance Mr. Bernstein Monthly Budget Young Single Adult Income categories Expense categories

  10. Stock Market Analysis & Personal Finance Mr. Bernstein Topic for discussion: How does the Economy Affect Your Plans and Budgets? Measurements of Economic Conditions: • GDP (Gross Domestic Product) • Inflation and CPI • Interest Rates • Monetary Policy & Money Supply • Fiscal Policy: Government Spending & Tax Rates • Unemployment Rate

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