Stock Market Analysis and Personal Finance Mr. Bernstein Financial Decisions and Goals, pp 6-18 September 2015.

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Presentation transcript:

Stock Market Analysis and Personal Finance Mr. Bernstein Financial Decisions and Goals, pp 6-18 September 2015

Stock Market Analysis & Personal Finance Mr. Bernstein Personal Financial Planning 1.Determine Your Current Financial Situation 2.Develop Your Financial Goals 3.Identify Your Options 4.Evaluate Your Alternatives 5.Create and Use Your Financial Plan of Action 6.Review and Revise Your Plan 2

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) 3

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 4

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 5

Stock Market Analysis & Personal Finance Mr. Bernstein Monthly Budget Young Single Adult Income categories Expense categories 6

Stock Market Analysis & Personal Finance Mr. Bernstein 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 7