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Personal Finance and Portfolio Management Strategies
 
Learning Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object]
Lecture Outline Personal Finance and Portfolio Management Strategies 1.  Introduction:  Personal Finance Planning Budgeting and Cash – flow Management Money Management Strategy Credit and Debt Management Tax Planning 2.  Providers of Financial Services and availability of Funds Banking Services and Savings Plan Mortgage and Tangible Assets Financing Interest Rate Fundamentals  Stocks, Bonds and Mutual Fund Quotations Insurance Services and Hedging Strategies 3. Investment Decisions Understanding the Relationship between Personal Finance and Investment Using the IEM to make Rational Investment Decisions Trading and Tracking Stocks using the IEM Predicting Future Trades Based on Historical Trends Understanding Risk and Return 4. Summary
Lecture Notes Personal Finance and Portfolio Management Strategies
Introduction ,[object Object],[object Object]
Why Financial Planning Is Beneficial ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Financial Planning Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Variables Affect the Financial Planning Process? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Significant Terminology Used in the Financial Planning Process   ,[object Object],[object Object],[object Object]
Example of the Compounding Process Using Future Value ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example of the Discounting Process Using Present Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example of the Future Value Interest Factor for an Annuity The future value interest factor for a one-dollar annuity discounted at i percent for n periods of $1000 to be received at the end of three year at an 6% interest rate is: FVIFA  6%,3  =  (1+.06) 2 +  (1+.06) 1   +  (1+.06) 0   1.1236 +  1.06   +  1 =  3.1836 FV of the Annuity = PMT(FVIFA i,n )= $1,000 x 3.184  = $3,184
Example of the Present Value Interest Factor for an Annuity The present value interest factor for a one-dollar annuity discounted at i percent for n periods of $1000 to be received at the end of three year at an 6% interest rate is: PVIFA  6%,3  =  ___1___   +   __1__  +  ___1___       (1+.06) 1   (1+.06) 2   (1+.06) 3   .9433  + .88999 +  .83961 =  2.673 PV of the Annuity = PMT(PVIFA i,n ) = $1,000 x 2.673  = $2,673
Budgeting and  Cash Flow Management
Budgeting ,[object Object],[object Object]
Cash-Flow Management ,[object Object],[object Object],[object Object]
Money Management Strategies ,[object Object],[object Object],[object Object],[object Object]
Key Variables in Asset Management Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Key Indicators of Good Financial Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Debt-to-Equity Ratio ,[object Object],[object Object],[object Object]
The Current Ratio ,[object Object],[object Object]
Liquidity Ratios ,[object Object],[object Object],[object Object]
Debt Service-to-Income Ratio ,[object Object],[object Object],[object Object]
The Savings Ratio ,[object Object],[object Object],[object Object]
Credit and Debt Management
Develop a Debt Management Plan to Control Credit Usage Develop a plan to manage debt.  The major sources of consumer credit are financial institutions such as commercial banks, building and loan associations, licensed lenders, credit unions, credit card banks, risk managers, and insurers.  Other sources of credit are non-financial, including governmental agencies, families, friends, and community-based organizations.  Debt management is the ability to meet debt obligations in both the short term and the long term.
Credit Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Debt Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Signals of Debt Mismanagement  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Planning Tax Planning Strategy is the ability of an individual to effectively reduce, defer, or eliminate some taxes. Tax planning can influence an individual’s spending, savings, borrowing, and investment decisions.  An understanding of the tax laws and maintenance of appropriate records can assist an individual to take advantage of some tax shelters.  To successfully achieve this goal, it is essential to determine one’s current tax liability and the impact of the liability on financial transactions.  Personal income tax is assessed on taxable income and the objective is to legally pay your fair share of taxes while taking advantage of the tax benefits appropriate to your personal financial situation.
Tax Planning (continued) ,[object Object],[object Object],[object Object],[object Object]
Tax Planning (continued) ,[object Object],[object Object]
Tax Rate Table
Marginal and Average Tax Rates ,[object Object],[object Object],[object Object],[object Object]
The Ways Taxes Are Paid ,[object Object]
Calculating Adjusted Income ,[object Object],[object Object]
Tax Shelter Strategies   ,[object Object],[object Object]
Tax Shelter Strategies  (continued) ,[object Object],[object Object],[object Object]
Tax Shelter Strategies  (continued) ,[object Object],[object Object]
Tax Shelter Strategies  (continued) ,[object Object],[object Object],[object Object]
Tax Shelter Strategies  (continued) ,[object Object],[object Object],[object Object]
Tax Shelter Strategies  (continued) ,[object Object],[object Object],[object Object]
Providers of Financial Services and Availability of Funds
Banking Services and  Savings Plans ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Savings Plans ,[object Object],[object Object]
Mortgage and Tangible Asset Financing
Mortgage Financing ,[object Object],[object Object]
Real Estate Investment and  Cash Flow ,[object Object],[object Object],[object Object]
Direct and Indirect Real Estate Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Interest Rate Fundamentals ,[object Object],[object Object],[object Object],[object Object],[object Object]
Present Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Future Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Present Value of an Annuity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Future Value of an Annuity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Determining a Car Payment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Determining a Mortgage Payment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Computing Present and Future Values ,[object Object],[object Object],[object Object],[object Object]
Stocks, Bonds, and Mutual Funds
Stocks ,[object Object],[object Object],[object Object],[object Object],[object Object]
Investment Bankers ,[object Object],[object Object],[object Object],[object Object]
Individual Investors ,[object Object],[object Object],[object Object],[object Object]
Portfolio and Investment Management ,[object Object],[object Object]
Bonds ,[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Valuation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mutual Funds ,[object Object],[object Object]
Classification of Mutual Funds ,[object Object],[object Object],[object Object]
Insurance Services and Hedging Strategies
Insurance and Hedging Strategies ,[object Object]
Risk and Insurance ,[object Object]
Types of Insurance ,[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Insurance (continued) ,[object Object],[object Object],[object Object]
Making a Claim ,[object Object]
Investment Decisions
Keys to Choosing an Investment ,[object Object],[object Object]
Investing through Ownership ,[object Object]
Purchasing Short- or Long-Term Investments ,[object Object],[object Object],[object Object]
Understanding the Relationship between Personal Finance and Investments ,[object Object]
Using the IEM to make Rational Investment Decisions ,[object Object],[object Object],[object Object]
Background on the FOMC ,[object Object]
Background on the FOMC (continued) ,[object Object],[object Object],[object Object],[object Object]
FOMC Policy Decisions and the IEM ,[object Object],[object Object],[object Object]
Fed Policy Contract Description Note:  Contracts will be designated using a ticker   symbol and a letter denoting up, down, or the same  and the month of contract liquidation. The contracts traded in this market for liquidation will have a unique date denoted by month “MM” and year “YY”.
Assignment One ,[object Object],[object Object],[object Object]
Assignment Two ,[object Object],[object Object],[object Object]
Trading and Tracking Stocks using the IEM
Trading on the IEM ,[object Object],[object Object]
Tracking Shares on the IEM ,[object Object],[object Object],[object Object]
Buying and Selling Limit Orders on the IEM ,[object Object],[object Object],[object Object]
Accessing Contracts on the IEM ,[object Object],[object Object]
Predicting Future Trades Based on Historical Trends
Charting Trends ,[object Object],[object Object]
Assignment Three ,[object Object],[object Object],[object Object],[object Object],[object Object]
Computer Industry Returns Contract Description
Understanding the Relationship between Risk and Return ,[object Object],[object Object]
Risk and Return (continued) ,[object Object],[object Object],[object Object],[object Object]
Determining Your Own Investment ,[object Object],[object Object]
Determining Your Own Investment (continued) ,[object Object],[object Object]
Determining Your Own Investment (continued) ,[object Object],[object Object],[object Object]
Strategies for Portfolio Management ,[object Object]
Strategies for Portfolio Management (continued) ,[object Object],[object Object]
Strategies for Portfolio Management (continued) ,[object Object],[object Object]
Making the Right Decision ,[object Object],[object Object]
 
Index (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internet Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Personal finance and portfolio management strategies

  • 1. Personal Finance and Portfolio Management Strategies
  • 2.  
  • 3.
  • 4. Lecture Outline Personal Finance and Portfolio Management Strategies 1. Introduction: Personal Finance Planning Budgeting and Cash – flow Management Money Management Strategy Credit and Debt Management Tax Planning 2. Providers of Financial Services and availability of Funds Banking Services and Savings Plan Mortgage and Tangible Assets Financing Interest Rate Fundamentals Stocks, Bonds and Mutual Fund Quotations Insurance Services and Hedging Strategies 3. Investment Decisions Understanding the Relationship between Personal Finance and Investment Using the IEM to make Rational Investment Decisions Trading and Tracking Stocks using the IEM Predicting Future Trades Based on Historical Trends Understanding Risk and Return 4. Summary
  • 5. Lecture Notes Personal Finance and Portfolio Management Strategies
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. Example of the Future Value Interest Factor for an Annuity The future value interest factor for a one-dollar annuity discounted at i percent for n periods of $1000 to be received at the end of three year at an 6% interest rate is: FVIFA 6%,3 = (1+.06) 2 + (1+.06) 1 + (1+.06) 0 1.1236 + 1.06 + 1 = 3.1836 FV of the Annuity = PMT(FVIFA i,n )= $1,000 x 3.184 = $3,184
  • 14. Example of the Present Value Interest Factor for an Annuity The present value interest factor for a one-dollar annuity discounted at i percent for n periods of $1000 to be received at the end of three year at an 6% interest rate is: PVIFA 6%,3 = ___1___ + __1__ + ___1___ (1+.06) 1 (1+.06) 2 (1+.06) 3 .9433 + .88999 + .83961 = 2.673 PV of the Annuity = PMT(PVIFA i,n ) = $1,000 x 2.673 = $2,673
  • 15. Budgeting and Cash Flow Management
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26. Credit and Debt Management
  • 27. Develop a Debt Management Plan to Control Credit Usage Develop a plan to manage debt. The major sources of consumer credit are financial institutions such as commercial banks, building and loan associations, licensed lenders, credit unions, credit card banks, risk managers, and insurers. Other sources of credit are non-financial, including governmental agencies, families, friends, and community-based organizations. Debt management is the ability to meet debt obligations in both the short term and the long term.
  • 28.
  • 29.
  • 30.
  • 31. Tax Planning Tax Planning Strategy is the ability of an individual to effectively reduce, defer, or eliminate some taxes. Tax planning can influence an individual’s spending, savings, borrowing, and investment decisions. An understanding of the tax laws and maintenance of appropriate records can assist an individual to take advantage of some tax shelters. To successfully achieve this goal, it is essential to determine one’s current tax liability and the impact of the liability on financial transactions. Personal income tax is assessed on taxable income and the objective is to legally pay your fair share of taxes while taking advantage of the tax benefits appropriate to your personal financial situation.
  • 32.
  • 33.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42.
  • 43.
  • 44. Providers of Financial Services and Availability of Funds
  • 45.
  • 46.
  • 47. Mortgage and Tangible Asset Financing
  • 48.
  • 49.
  • 50.
  • 51.
  • 52.
  • 53.
  • 54.
  • 55.
  • 56.
  • 57.
  • 58.
  • 59. Stocks, Bonds, and Mutual Funds
  • 60.
  • 61.
  • 62.
  • 63.
  • 64.
  • 65.
  • 66.
  • 67.
  • 68. Insurance Services and Hedging Strategies
  • 69.
  • 70.
  • 71.
  • 72.
  • 73.
  • 74.
  • 75.
  • 76.
  • 77.
  • 78.
  • 79.
  • 80.
  • 81.
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  • 84.
  • 85.
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  • 87.
  • 88.
  • 90.
  • 91.
  • 92.
  • 93.
  • 94.
  • 95.
  • 96.
  • 97.
  • 98. Fed Policy Contract Description Note: Contracts will be designated using a ticker symbol and a letter denoting up, down, or the same and the month of contract liquidation. The contracts traded in this market for liquidation will have a unique date denoted by month “MM” and year “YY”.
  • 99.
  • 100.
  • 101. Trading and Tracking Stocks using the IEM
  • 102.
  • 103.
  • 104.
  • 105.
  • 106. Predicting Future Trades Based on Historical Trends
  • 107.
  • 108.
  • 109. Computer Industry Returns Contract Description
  • 110.
  • 111.
  • 112.
  • 113.
  • 114.
  • 115.
  • 116.
  • 117.
  • 118.
  • 119.  
  • 120.
  • 121.
  • 122.