Johnson School of Business FIN3000 Personal Finance Project
By Professor Anke Stugk, MBA
A study of personal financial management including retirement planning; budgeting; individual taxation; consumer credit; investments such as stock, mutual funds, and annuities; insurance, and major expenses. Prerequisite: MAC1132 or permission of the faculty/program advisor, program chair, and dean.
Personal Finance Semester Project Assignment Objectives
- Students will identify financial short term, intermediate, and long-term goals
- Students will be able to synthesize information to develop and evaluate strategies to create a personal financial plan
- Students will be able to demonstrate understanding of time value of money concepts
- Students will apply risk and return concepts • Students will differentiate investment tools and the risks and benefits associated
- Students will be able to use taxation concepts in personal financial planning
- Students will critically reflect on their own financial literacy
Initial Investment assignment – Submit in Week 1
You have a $100,000 simulation account using the Stock-Trak simulation portfolio. Based on what you know today, please make investments that will fit your financial goals. Your submission must include a title Page, brief summary of your personal financial goals, brief reasoning for your investment decision, table of your investments, and references if applicable. Your write up must be a minimum of 150 words.
Continue working on the following section during the semester
Taxation Week 2
Clearly identify Federal Taxation principles that impact your personal financial planning. Provide detailed calculated examples pertaining to your simulation portfolio and financial goals. In addition to your calculations you must provide a write up of minimum 250 words for this section.
Asset and Credit Management Week 4
Identify asset and credit management principles you can use to achieve your financial goals you have stated in week 1. Provide detailed calculated examples pertaining to your simulation portfolio. Your calculations must include the concepts of time value of money. In addition to your calculations you must provide a write up of minimum 250 words for this section.
Insurance Needs Week 5
Clearly identify insurance needs you must meet to achieve your personal financial goals. Provide detailed information on life, health, and property insurance. In addition to your calculations you must provide a write up of minimum 250 words for this section.
Managing Investments Week 6
Based on what you have learned over the past weeks make adjustments to your portfolio. Identify the changes you have made to your portfolio and provide detailed information why you have made these changes. Download the detailed transaction report and include as appendix to your final portfolio. Select one investment you have made and complete a basic fundamental analysis for this security. This analysis must be in essay format and include the company name, ticker symbol, where it is traded, the company headquarter, who is the CEO since when, what is the industry, brief overview of the company, what has been the trend of the security over the past three years, what is the security beta and what does that mean for your investment? (Do not include bullet points!) In addition to your calculations and tables you must provide a write up of minimum 500 words for this section.
Retirement and Estate Planning Week 7
Provide detailed information on what measures you must take to be prepared for retirement. Based on your personal finance strategy include information on your necessary estate planning assuming you have achieved all your financial goals. In addition to your calculations you must provide a write up of minimum 250 words for this section.
Conclude on the main findings during this project. Provide detailed information on what you would change when reviewing your week one allocation and week 6 portfolio allocations. Provide a strategy to create a personal financial plan. You are required to have a minimum of 250 words.
Your final submission will include a title page, introduction using assignment from week 1, information for each section as stated above, and a reference page. All components must be submitted as one word document in your final week. You will be required to submit your assignment under the assignment link and through Turnitin. Only submissions in both places will be considered for grading. Students are required to adhere to the Academic Honesty Policy and follow APA style guidelines.