Book description
If you are like most people, you may desire to achieve many
financial goals such as owning assets, saving money for emergency
purposes, protecting yourself and your loved ones with insurance,
and many more. Nonetheless, achieving these goals with limited
resources can be challenging, especially given the complexity of
modern financial markets. In this fourth and latest edition,
Personal Financial Planning expands on the important skill of
financial planning, covering more topics than before. This volume
is designed to help you formulate financial goals and develop
specific financial plans to achieve your goals. Topics covered in
this volume include the benefits of personal financial planning,
financial planning tools, managing credit, insurance planning,
income tax planning, retirement planning, and personal financial
risk management, among others. The authors are professionals with
many years of experience in the field, and key terms and concepts
are explained in a fuss-free manner with clear and relevant
examples.
This book is suitable for a wide range of audiences, including
polytechnic students, undergraduates, MBA students, and those
pursuing the Chartered Financial Analyst (CFA) and Chartered
Financial Planning (CFP) qualifications as well as financial
planners and advisers in banks, insurance and stock broking
firms.
Table of contents
- Title Page
- Copyright Page
- Dedication Page
- Contents
- About the Authors
- Preface
- 1. Personal Financial Planning
- 2. Personal Financial Statements
- 3. Time Value of Money
- 4. Liquid Assets Management
-
5. Credit Management
- Introduction
- Principles of Good Credit Management
- Types of Credit
- Amount to Borrow
- Application for Credit
- Choosing a Loan
- Computing Finance Charges for Single-payment Loans
- Computing Finance Charges for Instalment Loans
- Using Effective Interest to Compare Instalment Loans
- Computing Loan Instalments when Interest Rates are Changing
- Capital Repayment
- Choosing between Fixed-rate and Variable-rate Loans
- Re-pricing of Loans
- Major Providers of Credit
- Conclusion
- 6. Credit Cards
- 7. Buying and Owning a Car
- 8. Risk Profiling and Asset Allocation
-
9. Investments
- Introduction
- Investment Instruments
- Return on Investment
- Risks of Investments
- Trade-off between Return and Risk
- Diversification of Risk
- Asset Allocation
- How Much to Invest
- Steps in Investing
- Dealing with External Economic Shocks
- Common Pitfalls of Investing
- Conclusion
- Appendix 9: Useful Questions to ask Prior to Investing in an Asset
- 10. Personal Risk Management
-
11. Financial Advisers
- Introduction
- Types of Financial Advisers
- Regulation of Financial Advisers
- Responsibilities of Financial Advisers
- Products and Services of Financial Advisers
- The Financial Advisory Process
- Remuneration of Financial Advisers
- Choosing Your Financial Adviser
- Transacting with Financial Advisers
- Conflict Resolution with Financial Advisers
- Conclusion
- Appendix 11A: CMFAS Examination
- Appendix 11B: MAS Mystery Shopping Survey of 2006
- Appendix 11C: Questions for Consumers to Ask Financial Advisers
- 12. Life Insurance
- 13. Income Tax Planning
- 14. Planning for Tertiary Education
- 15. Retirement Planning
-
16. Central Provident Fund (CPF)
- Introduction
- CPF Contributions
- Health Care
- Central Provident Fund Investment Scheme (CPFIS)
- Eligibility
- CPFIS-OA and CPFIS-SA
- Investible Funds
- Accounts to Open
- Investing Your CPF Savings
- Selling Your Investments
- Tax Issues
- Closing Your CPF Investment Account
- Release of Investment Holdings at Retirement Age
- Conclusion
- 17. Estate Planning
- 18. Case Studies on Financial Planning
- Index
Product information
- Title: Personal Financial Planning, Fourth Edition
- Author(s):
- Release date: December 2012
- Publisher(s): Pearson
- ISBN: 9780133410105
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