The Personal Finance and Wealth Management Masterclass
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.
- 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.
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.
Hi, I’m Raj! I am a Financial Economist, Hedge Fund Analyst, Educator and Author. Previously, I taught MBA Level Courses in Corporate Finance, Investment Strategies, Portfolio Management and Wealth Management at the University of Massachusetts and Clark University. I have published numerous peer-reviewed articles in various Finance Journals and the Social Science Research Network. My noteworthy research articles include examinations of Hedge Fund Failures and simple metrics that can be used to detect reasons for failure.
I have served as an enumerator for the United States Census Bureau and participated in the 2020 Census Data Collection. The Census Data Collection began in 1790 and is conducted every 10 years. The Purpose is to count the population of the United States.
I have served as the Chief Financial Officer of the American College of Healthcare Trustees, a startup. Chief Financial Officers at startups are involved in the financial transactions of the corporation in a granular way. Typically, financial officers of a corporation include Cash Managers who manage daily cash positions and handle liquidity management. Financial Officers also include Treasury Analysts who assist the Treasurer and the Chief Financial Officer among others.
I have also served as Research Director of CISDM, a research center at the Isenberg School of Management focusing on Investment Strategies. I hold a PhD in Finance from the University of Massachusetts Amherst.