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
Account Tax Profiles
Trading Behavior
HIFO LIFO and Optimization
Estate Planning and Probable
Ownership Rights
Community Property Regime
Core Capital
Core Capital with Example
Monte Carlo Simulations
Relative After Tax Values
Example-Recipient Pays Gift Taxes
Estate Planning Strategies
Valuation Discount
Life Insurance
Tax Jurisdictions
Relief from Doible Taxation
Global Treaties
Mortality Risk
Demand for Insurance
Hedging Risks
Asset Allocations
