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AFAS200 Principles Of Financial Literacy

tag 0 Download 16 Pages / 3,860 Words tag 09-09-2021
  • Course Code: AFAS200
  • University: Macquarie University
    icon is not sponsored or endorsed by this college or university

  • Country: Australia


1.Advise the 3 couples on the need for budgeting and financial planning to help meet their goals and objectives. In your answer also address the benefits of appropriate budgeting and planning and the risks of not budgeting and or planning. Be specific, relate to each of the couple personal circumstances
2.Discuss and explain the different investment strategies below highlighting their key advantages and disadvantages. Comment specifically on the suitability of each of these investments strategies to each of the clients above. Clearly explain and justify your answer.
  1. investment via Mutual trust/Managed funds
  2. Investment in Government and Corporate bonds
  3. Use of Gearing (borrowing to invest)
  4. Investment in Gold Bullion
3.Explain the concept of risk management as an important financial planning consideration and how insurance can be used in managing key personal risks. In you answer List 1personal and 1 general insurance recommendations to each of the 3 couples and explain why they should be (you need to list and explain 2 recommendations for each of the couples, 6 in total)
4.Explain why it’s important to consider superannuation as part of saving for retirement and retirement palming. List and explain 2 possible superannuation/pension recommendations or strategy and explain why they would be considered by each of the 3 couples (you need to list and explain 2 recommendations for each of the couples, 6 in total)
5.Explain why it’s important to consider having a valid will and an appropriate power of attorney as part of the couples’ estate planning highlighting the benefits and risks as applicable. In your answer relate specifically to each of the 3 couples individual circumstances.
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Total 16 pages

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