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OpenLearning

Wealth Management Essentials

via OpenLearning

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Overview

Learning Effort

Volume of Learning

  • Approximately 20 hours

Mode of Delivery

  • Self-paced online


Microcredential Structure (What you will learn):

The course consists of 10 structured modules covering essential topics like risk, diversification, compounding, portfolio construction, and common investor mistakes. Each module includes video lectures, multiple-choice quizzes, and practical exercises designed to help learners apply concepts in real-world financial scenarios.

To complete this microcredential you need to:

  1. Watch the video lectures provided in each module.
  2. Complete all quizzes and reflective tasks.
  3. Engage with the case studies and activities provided.
  4. Complete a portfolio artefact where you will develop a financial wealth plan based on a case study

Modules

  1. The three most important things: Introduces the key concepts of risk and return, diversification, and compounding, which are crucial for effective wealth management.
  2. Avoiding errors: Focuses on common investment mistakes and how to avoid them through disciplined strategies and better decision-making.
  3. Markets: Explains the characteristics of different financial markets, including stocks, bonds, and property, and how they affect investment strategies.
  4. Superannuation and the Age Pension: Covers the basics of Australia's superannuation system and Age Pension, and their roles in retirement planning.
  5. Savings, Debt and Taxes: Provides strategies for managing personal finances, reducing debt, and understanding the impact of taxes on investments.
  6. Portfolio Construction: Guides learners in building a diversified investment portfolio that balances risk and aligns with personal goals.
  7. The Business Cycle: Explores how economic cycles affect investments and offers strategies for adjusting portfolios during expansions and contractions.
  8. Avoiding Scams: Teaches how to identify and avoid financial scams by recognizing red flags and relying on trustworthy information sources.
  9. Selecting Stocks: Introduces methods for evaluating stocks using key financial metrics and identifying companies with growth potential.
  10. What Makes a Good Investment: Helps learners assess what makes an investment sound, considering risk, goals, and market conditions.

Syllabus

  • Strategies on how to manage your money so that you can start saving, which is the first step to creating your wealth.
  • The different methods that may be employed to invest your money to build your wealth.
  • How the financial markets work and the different types of orders that are placed to transact in the financial markets.
  • The mistakes that investors make, and how to avoid them, how to avoid scams, and what makes a good investment.

Taught by

Western Sydney University

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