Question

This forum provides an opportunity for you to share your learning with the Personal Finance class. Please reflect on your learning in this class, what you liked / disliked (about the class) and make a list of your "top 3 takeaways" from this class.

Answer 1

Personal finance is used for management of personal income and expenses in order to gain investment advantage and it also helps in gaining a financial independence in the long run

Personal finances can sometimes be stressful as they are full of several stress loads as they can be leading to active management by individual and he can suffer capital losses

Top 3 takeaways from the financial class would be-

A. Investment of money as early as possible in order to maximize the rate of return

B. Allocation of assets in order to mitigate the systematic risk

C. diversification of the portfolio in order to eliminate the unsystematic risk.