Week 11

• Rate the three most important concepts that you learned in this course in order of importance. Provide a rationale for your ratings. Propose two applications of knowledge that you have learned in this course to your current or a future position.

Response:

 These three concepts all roll into Retirement planning.  I have a different perspective of planning for my retirement and I feel more empowered with the knowledge of how to make my money grow.  I have tools now (PV/FV/Payback period) that will help me with financial decisions  which impact my retirement planning goals.  Meaning, if I want to buy a new car, payoff my mortgage sooner or consolidate my debts into one payment, I know how to shop around and make a better financial decision.  I feel more empowered when I review stocks and bonds and don’t feel so intimidated when I review my 401(k) plan because I have a better understanding of risks, PV and FV, sometimes a small loss today doesn’t mean I can't have a larger gain tomorrow; even though a dollar today is worth more than a dollar tomorrow ????.  I’m more comfortable with taking risks now for a bigger reward in the future.  As such, I plan on investing outside of my 401(k) plan next year and the knowledge that I have about Beta will aid me when I start investing.