Private Wealth Management

Become an Expert in Personal Finance and Investing. Learn MBA-Level Financial Analysis. Master Finance Fundamentals.

Last updated 2022-01-10 | 4.1

- You will become an expert in Personal Finance and Development.
- You will learn how the Coronavirus Pandemic is impacting Personal Finances.
- You will become an expert on Financial Data Sources and Patterns.

What you'll learn

You will become an expert in Personal Finance and Development.

You will learn how the Coronavirus Pandemic is impacting Personal Finances.

You will become an expert on Financial Data Sources and Patterns.

You will become better prepared for interviews at Financial Institutions.

You will understand how certain hedge fund managers lost billions Shorting GameStop.

You will understand why YouTube Finance Videos are not for definitive learning.

You will learn why some people never run out of money in Retirement.

You will learn the differences between different types of banks.

You will learn how Financial Decisions made in London affected consumers in the United States.

You will gain numerous insights even if you have taken Personal Finance Courses before.

* Requirements

* All background topics will be covered in the Course. No prerequisites are necessary. This is an MBA-Level Course. The Lectures are designed to appeal to students with diverse backgrounds from Engineering to Medicine to the Humanities.

Description

This course introduces you to the fundamental concepts of Wealth Management. We will begin by exploring the links between skills and wealth. We will develop Personal Balance Sheets and calculate Net Worth. We will examine the formula that is used to estimate Human Capital. Effective Financial Planning requires estimating Lifetime Expenditures. We will cover Time Value of Money concepts in general and the Lifetime Expenditures exercise in particular. The Lifetime Expenditures exercise is typically taught in Finance Courses at the Undergraduate and MBA Levels. We will examine Budgets for both high and low income households. Effective Wealth Accumulation requires prudent investing. We will examine how households invest money. We will examine historical returns for Equities, Bonds, Private Equity, Real Estate, Commodities and Hedge Funds. We will discuss why Geometric averages are appropriate for Portfolio Management. We will also examine the Short Selling Process. Short Selling is used to benefit from a downturn in stock prices. Effective Wealth Preservation requires robust risk management. We will identify risks individuals and households face and examine various risk management tools. We will examine the role of regulators in the United States and around the world. We will also examine the potential of Annuities to serve as a substitute for Pensions. We will examine the LIBOR Scandal which is often overlooked by some. Finally, we will examine Estate Planning.

Who this course is for:

This course is intended for anyone wanting to become an expert in Personal Finance. Professionals, College and High School Instructors, Teachers, College Students and even High School Seniors will find the content insightful.
If you have taken a Personal Finance course before, you should take this course. This course covers topics that may not have been covered in other Personal Finance courses.
This is an MBA-Level Personal Finance course. If you enrolled in an MBA Program and took Personal Finance, you would get an experience similar to this course.
College and High School Instructors will be able to incorporate the curriculum in your college and high school courses.

Course content

6 sections • 83 lectures

Introduction and Wealth Accumulation 21 lectures

Course Introduction Video - About this Course Preview 12:52

Course Introduction Video - Topics to be Covered Preview 05:47

Course Materials Preview 12:51

In this Video, we will discuss all the Course Materials and Resources that we will be using in this Course.

Introduction to Skills and Wealth Preview 02:53

This Lecture Video is an introduction to the Wealth Accumulation Section.

Majors, Degrees and Salaries Preview 10:39

After viewing this Lecture Video, you will learn how salaries vary by education level. You will also learn which professionals are not able to earn high salaries despite advancing their education.

Occupations, Salaries and Future Outlook Preview 08:06

After viewing this Lecture Video, you will learn how salaries vary by occupation. You will also learn about the fastest growing occupations and the fastest declining occupations.

Skills Currently in Demand and Outlook for the Future Preview 04:34

After viewing this Lecture Video, you will learn which skills are in high demand by employers.

Introduction to Personal Balance Sheets Preview 01:44

This is an introduction video to Personal Balance Sheets.

Personal Balance Sheets Preview 10:41

After viewing this Lecture Video, you will be able to construct Personal Balance Sheets.

Anthony's Financial Vitals Compared to Others Preview 10:20

After viewing this Lecture Video, you will be able to explain where someone stands financially compared to the rest of the population. You will also be able to teach others about the differences.

What is Human Capital? Preview 01:43

This is an introduction Video to Human Capital.

Defining Human Capital Preview 06:25

After viewing this Lecture Video, you will be able to calculate Human Capital.

Anthony's Human Capital Preview 09:52

After viewing this Lecture Video, you will be able to explain how one goes about increasing human capital.

Human Capital Estimates by Occupation Preview 09:48

After viewing this Lecture Video, you will be able to explain how human capital numbers for those who died in the September 11, 2001 attacks were calculated.

Personal Balance Sheet Examples Preview 03:11

This is an introduction Video to Personal Balance Sheet examples.

Personal Balance Sheets of Professionals Saddled with Student Loans Preview 07:39

After viewing this Lecture Video, you will be able to explain how those with very high student loans are managing their debt.

Personal Balance Sheets of a Financially Devastated Divorcee Preview 04:45

After viewing this Lecture Video, you will be able to explain how some spouses lose out in a divorce.

Personal Balance Sheets of Profligate Spenders Preview 04:57

After viewing this Lecture Video, you will be able to explain what not to do, if you are deep in credit card debt.

Personal Balance Sheet of a Married Couple Preview 04:33

After viewing this Lecture Video, you will be able to explain what some married couples are doing to secure their retirement.

From Wealth Accumulation to Financial Planning Preview 00:41

In the Video, we reflect on what we have covered and what is forthcoming.

Wealth Accumulation Quiz

This Quiz covers topics we examined in the Wealth Accumulation section.

Financial Planning 19 lectures

Introduction to Financial Planning Preview 01:22

This is an introduction video to the Financial Planning section.

The Fundamentals of Valuation Preview 18:57

After viewing this Lecture Video, you will be able to value businesses and make a decision whether or not to purchase.

The Basics of Excel Preview 08:48

After viewing this Lecture Video, you will be able to perform calculations in Excel.

Time Value of Money Examples Preview 06:12

After viewing this Lecture Video, you will be able to solve Time Value of Money Problems in Excel.

Present Value of Lifetime Expenditures Preview 11:07

After viewing this Lecture Video, you will be able to model Lifetime Expenditures for individuals.

Earlier Human Capital Calculations Preview 04:47

After viewing this Lecture Video, you will Understand how we calculated Human Capital in Previous Lectures

Time Value of Money - Mortgages Preview 11:48

After viewing this Lecture Video, you will be able to calculate the Interest and Principal Components of each Mortgage Payment.

Time Value of Money - Annuities Preview 14:38

After viewing this Lecture Video, you will be able to calculate the Present Value of Future Annuity Payments.

Introduction to Household Budgets Preview 01:09

This is an Introduction Video to the Household Budget Lectures.

Actual Household Budgets Preview 11:38

After viewing this Lecture Video, you will understand how Households budget and spend money.

Household Budgets in Select Countries Preview 09:52

After viewing this Lecture, you will understand how Households in Select Countries budget and spend money.

Introduction to Financial Planning Tools Preview 03:11

This is an introduction video to the Lectures on Financial Tools.

Financial Planning Tools -Emergency Funds Preview 06:46

After viewing this Lecture Video, you will be able to explain Deposit Insurance. You will also be able to name Banks that have failed recently.

Financial Planning Tools - Investments Preview 03:08

After viewing this Lecture Video, you will be able to discuss how Americans are investing.

Financial Planning Tools - Retirement Preview 07:30

After viewing this Lecture Video, you will be able to explain the differences between different types of retirement plans. You will also be able to look up ratings for 401k plans.

Financial Planning Tools - 529 Plans Preview 01:52

After viewing this Lecture Video, you will be able to discuss why 529 plans from certain states have more assets than 529 plans in other states.

Financial Planning Tools in Select Countries Preview 09:17

After viewing this Lecture Video, you will be able to discuss Deposit Insurance worldwide. You will also be able to discuss Financial Planning Tools in Select Countries.

Financial Planning Tools - Private Banking Groups and Family Offices Preview 04:09

After viewing this Lecture Video, you will be able to discuss the roles of Private Banking Groups and Family Offices

Financial Planning Quiz

This Quiz covers Topics we examined in the Financial Planning section.

Asset Allocation 27 lectures

Introduction to Asset Allocation Preview 01:42

This is an introduction video to the Lectures in the Asset Allocation section.

Asset Classes Preview 09:52

After viewing this Lecture Video, you will be able to discuss Asset Classes in a comprehensive way.

NPV, A Gold Standard Preview 08:05

After viewing this Lecture Video, you will be able to calculate NPV. You will also be able to explain why companies should reject negative NPV Projects.

Companies and Market Capitalization Preview 10:41

After viewing this Lecture Video, you will be able to classify companies according to Market Cap.

Performance and Risk Measures Part 1 Preview 12:52

After viewing this Lecture Video, you will become familiar with a major source of economic and stock market data.

Performance and Risk Measures Part 2 Preview 12:55

After viewing this Lecture Video, you will be able to analyze Stock Returns. You will be able to discuss the differences in the magnitudes of Price Returns versus Total Returns.

The Dividend Discount Model Preview 07:22

After viewing this Lecture Video, you will be able to analyze stocks using the Dividend Discount Model.

The Dividend Discount Model - ADP Example Preview 07:14

In this Lecture Video, we will apply the Dividend Discount Model to the ADP Stock. We will calculate forward looking Price and Total Returns based on certain assumptions. You will be able to replicate the analysis for any stock of your choosing.

Assignment: Apply the Dividend Discount Model to a Stock of your Choosing.

In this Assignment, you will apply the Dividend Discount Model to a stock of your choosing. You will need to choose a stock. And you will need to look up Price and Dividend Information. You will also need to estimate a Horizon Price.

Role of Financial Markets and Institutions Preview 14:49

After viewing this Lecture Video, you will be able to explain the differences between Financial Markets and Financial Institutions.

Investing in Stocks Preview 15:52

After viewing this Lecture Video, you will be able to explain the differences between Mutual Funds, Closed-End Funds and ETFs. You will also understand the role of ADRs.

Initial Public Offerings (IPO) Preview 10:00

After viewing this Lecture, you will be able to explain the Initial Public Offering Process step by step.

Short Selling or Shorting Stock Preview 15:55

After viewing this Lecture Video, you will learn how stocks are shorted.

Short Selling Poorly Explained Preview 14:15

After viewing this Lecture Video, you will learn why most videos on short selling fail to explain the process.

The GameStop Short in January 2021 Preview 05:39

In this Lecture, we will examine how certain hedge fund managers lost billions of dollars Shorting GameStop.

Investing in Bonds Preview 12:03

After viewing this Lecture Video, you will be able to explain the different ways by which you can invest in Bonds. You will also learn about historical returns bonds have generated.

Investing in Venture Capital and Private Equity Preview 15:54

After viewing this Lecture, you will be able to explain the different ways by which you can invest in Venture Capital and Private Equity. You will also learn about historical Venture Capital and Private Equity Returns.

Investing in Real Estate Preview 07:37

After viewing this Lecture Video, you will be able to explain the different ways by which you can invest in Real Estate. You will also learn about historical Real Estate Returns.

Investing in Commodities Preview 10:52

After viewing this Lecture Video, you will be able to explain the different ways by which you can invest in Commodities. You will also learn about historical returns from holding commodities.

Investing in Hedge Funds Preview 09:19

After viewing this Lecture Video, you will be able to explain the process of hedge fund investing. You will also learn about historical returns to hedge funds.

The Asset Allocation Decision Preview 10:16

In this Lecture Video, we will compare historical returns to various assets that we examined in previous Lectures. We will compare those returns to the returns of the S&P 500 Index.

Introduction to Building Portfolios Preview 00:48

This is an introduction video to the Lectures in the Building Portfolios segment.

Building Portfolios Part 1 Preview 08:09

In this Lecture Video, we will discuss brokerage accounts, index funds and asset performance.

Building Portfolios Part 2 Preview 14:28

In this segment, I will install the ThinkorSwim Platform and take long positions in country portfolios.

Building Portfolios Part 3 Preview 05:08

In this segment, I will close out the positions I took in the previous Lecture and calculate returns.

Building Portfolios Part 4 Preview 04:23

In this segment, I will offer some additional thoughts on the Investing Process.

Asset Allocation Quiz

This Quiz covers Topics we examined in the Asset Allocation section.

Risk Management 10 lectures

Introduction to Risk Management Preview 01:58

This is an introduction video to the Lectures in the Risk Management section.

Role of Insurance in Risk Management Preview 06:54

After completing this Lecture Video, you will learn the details of different types of insurance. In particular you will learn about home title insurance to defend against a new type of fraud that combines mortgage fraud and identity theft fraud.

Some Insurance Policy Details Preview 08:40

In this Lecture Video, we will discuss certain attributes of Insurance Policies.

Role of Trusts in Risk Management Preview 03:37

After completing this Lecture, you will learn about the different types of Trusts.

The Risk of Divorce Preview 07:55

After viewing this Lecture, you will learn how a CDFA can help guide you through a divorce.

Financial Regulation and Consumer Protection Preview 13:24

After viewing this Lecture Video, you will learn about the roles different federal agencies play in financial regulation.

Financial Regulation and Consumer Protection Worldwide Preview 08:12

After viewing this Lecture Video, you will learn how the Financial Industry is regulated worldwide.

The Libor Scandal Preview 15:47

After viewing this Lecture Video, you will learn how the LIBOR Scandal came about. You will learn about the reforms that have taken place. You will also learn the details of its replacement.

Making Sure your Retirement Income is Guaranteed Preview 08:27

After viewing this Lecture Video, you will learn how Annuities can help secure your retirement income.

Risk Management Quiz

This Quiz covers Topics we examined in the Risk Management section.

Estate Planning 4 lectures

Introduction to Estate Planning Preview 01:14

This is an introduction video to the Lecture in the Estate Planning Section.

Estate Planning Tools Preview 09:24

After viewing this Lecture Video, you will learn about the importance of Estate Planning.

Estate Planning Quiz

This Quiz covers Topics we examined in the Estate Planning section.

Concluding Remarks Preview 02:25

This is the Concluding Video. I offer some final thoughts.

Coronavirus and Personal Finance 2 lectures

Coronavirus and Personal Finance - Stocks and Personal Balance Sheets Preview 10:40

In this Video, we will examine a list of Stocks that might report stable earnings during the Crisis. We will also examine the stress to Personal Balance Sheets.