FINS5510 Personal Financial Planning

FINS5510 Personal Financial Planning

INSTRUCTIONS Learning Community Assignment Andrew Hingston

Learning Community Date*

1. Post Due Date 1pm Friday Week 9 (26 Jul 2024)
2. Details Due Date 1pm Friday Week 9 (26 Jul 2024)
3. Report Due Date 1pm Friday Week 9 (26 Jul 2024) Release of Results 5pm Friday Week 11 (9 Aug 2024) *All times are based on Sydney time The purpose of this assessment is to build a sense of community as we learn about Personal Financial Planning together. It involves posting a summary and some practical applications from one article of your choice that relates to one of the Units of the course under the 'Learning Community' section of the course website (note that you do not need to post one article on each Unit of the course). An ‘article’ can be a website article, news article, blog article, academic research article, book chapter, video or audio podcast of your choice. However, there is a catch. You must post on an article that no one else has posted on this term. In other words, there is a 'first-mover advantage' with this assessment. You should select your article and post on it early before someone else beats you to it. The assessment involves three components:
4. Learning Community Post: Write a short post of up to 1,000 words (with no leeway) under the ‘Learning Community’ section of the course website identifying your article, explaining the main points of the article and identifying how you and/or other participants of the course could practically apply those main points (more details on page 7). You only need to make one post on one article for one Unit of the course (you do not need to post one article for each Unit of the course).
5. Learning Community Details: Provide the details of both your selected article and your post using the fields provided under the ‘Learning Community Details’ link in the ‘Learning Community’ section of the course website. This allows me to create a database of articles and easily check that the article that you have chosen is unique.
6. Learning Community Report: Provide both a screenshot of your post and the text of the post using the Microsoft Word template provided under the ‘Learning Community’ section of the course website. You should then submit it using the ‘Learning Community Report’ link under the ‘Learning Community’ section of the course website by the Learning Community Report due date (more details on the format and content of this submission start on page 11). If you notice a typo in your post, you are welcome to correct it in your final submission but any changes should be minor. Learning Community Assignment 3 ? UNSW Business School Your first post needs to be your ‘final post’. You cannot just post a short message “I claim this article” and edit it at the end of the term to include some content. Any posts found like this will be deleted. For your Learning Community Report, you should use the Microsoft Word template provided on the ‘Learning Community’ section of the course website. This includes a table on page 1 that must be completed. The details in this table should be the same as the ones provided under the ‘Learning Community Details’ link. Your final file should be submitted in Microsoft Word format (not as a PDF). Note that as a student at UNSW, you have access to the full suite of Microsoft Office 365 applications. More information about accessing this software is on page 16. Your Learning Community Report should be submitted as a Microsoft Word file using Arial or Helvetica fonts only. To avoid the situation in which students just copy the articles used by other students, you must choose a ‘unique’ article for which no posts have yet been made under the relevant Unit of the ‘Learning Community’ section of the course website for this term. In other words, once another student ‘claims’ an article for a particular Unit on the course website, you can no longer use it. There is a ‘first-mover advantage’, so you should claim your source by posting on it as soon as possible during the term. Note that if the article is a book, you should base your post on only one chapter of that book. Other students can still post on other chapters of the same book. There is more information on this on page 7. This is an individual assignment. Copying or paraphrasing the work of another student in the current or previous term is academic misconduct and will result in a fail grade being awarded for both this assessment and the course. The Learning Community Assignment is worth 10% of your assessment for this course. Note that some students may mistakenly believe that they need to post on one article for each of the ten Units of the course. This is incorrect. You should only post on one article for one Unit of the course. If you have questions about the Learning Community Assignment, please post your question under the ‘Learning Community Assignment’ thread in the General Forums. I will only reply to emailed questions if the subject matter of the question is obviously inappropriate for posting on the general forums because it relates to a personal or confidential issue. Weight The Learning Community Assignment is worth 10% of your assessment for this course.

Learning Community Assignment 4 ? UNSW Business School You must submit via TurnitIn As indicated earlier, there are three components to this assessment:

1. Learning Community Post: Write a short post of up to 1,000 words (with no leeway) under the ‘Learning Community’ section of the course website.
2. Learning Community Details: Provide the details of both your selected article and your post using the fields provided under the ‘Learning Community Details’ link in the ‘Learning Community’ section of the course website.
3. Learning Community Report: Provide both a screenshot of your post and the text of the post and submit it via Turnitin using the ‘Learning Community Report Submission Link’ under the ‘Learning Community’ section of the course website (more details on the format and content of this submission start on page 11). The key thing is that you must both submit your post on the course website for other students to read AND submit it in a Microsoft Word document for marking. The version that you submit via Microsoft Word is assessed by the Turnitin plagiarism detection software and is the version that will be graded. The post on the forums is for the benefit of other students. Failing to submit your post using the Microsoft Word template provided under the ‘Learning Community Report Submission Link’ under the ‘Assessment 3: Learning Community’ section of the course website will result in you being awarded a score of zero for this assessment. If no special consideration is granted, the latest that the file can be submitted is 5 days after the original due date (and time). Late Penalties Late submission will incur a penalty of 5% per day or part thereof (including weekends) from the due date and time. An assessment will not be accepted after 5 days (120 hours) of the original deadline unless special consideration has been approved. An assignment is considered late if the requested format, such as hard copy or electronic copy, has not been submitted on time or an incorrect document has been submitted. Note that the late penalty will be deducted from the score that you receive for the submission (not the maximum possible mark). If you receive 70/100 for the submission and it is two days late, you will receive a score of 60/100. Note that there is a short ‘grace period’ of a few minutes after the submission time to allow for slow internet connections. No penalty will apply if the submission is within this ‘grace period’. Please do not email me asking if your submission falls within this grace period. Since this assignment can be submitted at any time during the term, the maximum period of special consideration that will be granted for this assessment (for any reason) is 7 days from the original due date. Also, the maximum extension that will be granted Learning Community Assignment 5 ? UNSW Business School for Equitable Learning Plans will also be 7 days from the original due date. Any submissions 代 写FINS5510 Personal Financial Planning received after this will automatically be awarded a score of zero. Special Consideration Special consideration will only be granted for the Learning Community Assessment in exceptional cases. You are responsible for completing your Learning Community post well before the due date/time to allow for unexpected circumstances or illness. Being ill on the last few days before the date of submission will not normally constitute grounds for special consideration. If special consideration is granted, the maximum extension that will be granted is 7 days from the original due date. Any assignments received more than 7 days from the original due date will automatically be awarded a score of zero. An application for Special Consideration together with supporting documentation must be submitted online within 3 working days of the due date. The process for applying for special consideration is here: student.unsw.edu.au/special-con… Individual Assessment This is an individual assessment. All written work must be your own work. Seeking assistance with your written work or research constitutes academic misconduct. Seeking assistance from Artificial Intelligence computer programs also constitutes academic misconduct. Providing assistance to any other students also constitutes academic misconduct. Copying or paraphrasing the work of any other student (from current or previous terms) constitutes academic misconduct. If another student approaches you for assistance, please note the time, date and details of the incident and email the details to me at a.hingston@unsw.edu.au . For some students, English is not your first language and so you may not feel confident with your English grammar. In this course, obtaining assistance from someone else to help correct spelling or grammar is not considered academic misconduct. UNSW has no tolerance for students who are dishonest. Academic misconduct is a serious offence. It can result in zero being awarded for this assessment, a failure grade for the course and/or removal from the University. Spouse or Partner If you have a spouse or partner, you may discuss the article with them. Discussing your Learning Community Assignment with your spouse or partner does not constitute academic misconduct. However, the written post and any supporting research should be your own work. Learning Community Assignment 6 ? UNSW Business School No Artificial Intelligence Using Artificial Intelligence programs or services is not permitted in this assessment. There are two exceptions to the above ‘no use of Artificial Intelligence’ rule. Students for whom English is their second language are allowed to use Artificial Intelligence programs (such as Google Translate) to translate from their native language into English or to translate from English to their native language. Students with writing difficulties are allowed to use Artificial Intelligence programs (such as Grammarly) to help correct their spelling and grammar. Article Sources You can select your own website article, news article, blog article, academic research article (from a peer reviewed academic journal), book chapter, video or audio podcast from almost any published source. However, you should note that the content that you select may impact how well you are able to satisfy the assessment criteria (see ‘Assessment Criteria’ later in this document). The content does not need to be from a peer reviewed academic journal. However, the content does need to be publicly available through the Internet or via the UNSW Library or a book that is available from Amazon or Book Depository so that it can be independently verified. Your article should not be a chapter of the prescribed (optional) textbook for this course. You also cannot use a course lecture video as your article. Some examples of acceptable sources include: One chapter of a personal finance book (not more than one chapter to allow other students to post on other chapters). A ‘personal finance’ article from a newspaper’s website, such as The Sydney Morning Herald. An article from a website or blog that focuses on personal finance. Some research from a peer-reviewed academic journal in finance or psychology that relates to one of the Units of the course. A personal finance video on Youtube or a TED talk. A podcast or recorded talk that is available on the Internet. The above list of examples is not exhaustive. If you find some content that you would like to use that is not listed here, please use your own discretion to determine whether it is appropriate. If in doubt, refer to the assessment criteria and identify whether you will be able to satisfy the criteria. Your source article does not need to be in English. For instance, a student studying in China may wish to use an article that explains how the retirement savings system or taxation system works in China. However, your article does need to be publicly Learning Community Assignment 7 UNSW Business School available so that I can check the source (even if I need to use Google Translate to understand it). You may use the books, articles, videos or other articles referred to in the lecture slides or lectures (as long as you are the first person to post on them in the ‘Learning Community’ section of the course website). However, the assessment criteria includes a bonus for sources that are not already included in the course slides. Unique When you choose your article, you should make sure that no one else has already posted on that article under the relevant Unit of the ‘Learning Community’ section of the course website. If a particular article can be applied to two or more Units of the course, the same article can be used two or more times by different students (once for each applicable Unit). However, the content of the post should be customised for the Unit to which it is being used. If an article is a chapter from a book (personal finance or otherwise), you should post on only one chapter of that book to allow other students to post on other chapters. There is a ‘first-mover advantage’ to this assignment. You should identify your article early in the term and post on it as soon as possible to avoid another student posting on it before you. Your first post needs to be your ‘final post’. You cannot just post a short message “I claim this article” and edit it at the end of the term to include some content. Any posts found like this will be deleted. Units and Topics Covered The lectures on each topic will occur gradually during weeks 1 to 10 of the course as per the course schedule. As such, you may be wondering how you can link an article to a particular Unit if you have not yet watched the lecture. Below is a list of the Units and the corresponding concepts covered: Unit 1: Financial Intelligence Understanding financial statements, forecasts, budgets, operating leverage and financial planning process. Unit 2: Financial Strategy Money and happiness, human bias, values, life stages, setting goals, rates of return and savings calculations. Unit 3: Financial Independence FIRE movement, how much is needed, common strategies and details of the superannuation system. Unit 4: Career Strategy The economy, structural change, understanding yourself, choosing a career and developing a career strategy. Learning Community Assignment 8 UNSW Business School Unit 5: Property and Loans Pros and cons of buying property, property taxes, valuation, buying process and property loans. Unit 6: Ethics and Compliance Ethical frameworks, decision-making, values and principles, FASEA code of ethics and legislation. Unit 7: Risk Management Risk and human bias, social security, estate planning and life, property, motor, health and travel insurance. Unit 8: Taxation Planning Understanding the tax system, tax on personal and investment income and tax on superannuation. Unit 9: Investing in Shares Valuing shares, portfolio theory, investing in shares, non-mainstream investments. Unit 10: Investment Strategy Asset categories, financial leverage, risk profiles, asset allocation and investment strategy. Changing Post, Article or Unit Once you have made your first post on an article it cannot be changed. Your first post on an article should be your ‘final post’. Minor corrections of typos in your final report are permitted. If you post on an article under the Learning Community section of the website but then later think that this article would be better suited to a different Unit, you should do the following:
4. Leave your first post under the Learning Community section of the course website as is.
5. Make a new post for the same article under the Learning Community section of the course website in the appropriate Unit. You may adjust the content of your post as appropriate for the new Unit.
6. Write your Learning Community Report based on the new post. Include a screenshot of the new post in your Report. If you post on an article under the Learning Community section of the website and then decide to change the article that you would like to write about in your Learning Community Report, you should do the following:
7. Leave your first post under the Learning Community section of the course website as is.
8. Make a new post for your new article under the Learning Community section of the course website in the appropriate Unit.
9. Write your Learning Community Report on the new article. Include a screenshot of the new post in your Report. Learning Community Assignment 9 UNSW Business School Privacy Since you are posting your reflections and applications on a forum that can be read by any participant of this course, you are encouraged not to include personal applications containing information that you consider to be private or confidential. However, you are still encouraged to identify and describe specific applications of the main points of your article.
10. Learning Community Post Once you have found an article (website, news, research, video, blog etc) and confirmed that it is unique for the relevant Unit of the course (no other student has posted on it), you should make a post as soon as possible. This post should be up to 1,000 words in the corresponding Unit under the ‘Learning Community’ section of the course website. The title of your post should clearly identify your article so that other students can quickly tell whether their article is unique or has already been ‘claimed’. The appropriate format will vary depending on the type of post. A few examples follow: ? Article from website: Title of the article and the name of the website (plus author if possible). ? Book chapter: Title and author of book, chapter number and chapter title. ? Video: Title of video and website on which it was found (plus author if possible). ? Article from academic journal: Title of article, author and name of journal. The content of your post should include up to 1,000 words summarising the main point(s) of your article, what you believe are the main practical application(s) of those point(s) for you or other participants of the course and your rating for that article. Please write the post in a way that is interesting and engaging for other students so that they can learn from it. It is not acceptable to make a ‘placeholder’ post in which you claim an article with the ‘content’ to be provided later. Your first post should be your final post. Any ‘placeholder’ posts with little or no content will be deleted. After you make your post, you should take a screenshot of it to include in your Learning Community Report. Make sure that you include the date and time of the post in the screenshot. Word Limit The maximum word count for your Learning Community Post is 1,000 words. Please note that there is no leeway of 10% to this word limit. It is a ‘hard’ limit. Your post must be under or equal to 1,000 words. Learning Community Assignment 10 UNSW Business School This word count does not include references. Writing Style This assessment is different from a traditional essay and so an informal writing style is acceptable. You may write in the first-person if you would like to do so, especially when talking about the personal applications of the article. You may also make selective use of headings, bullet-points and tables where appropriate. However, you are reminded that this is also an assessment for a university course. You are expected to provide a clear summary of the main points of the article and link your practical applications to those summary points and/or lecture material. You should use clear reasoning. Basically, I won’t be very impressed with arguments that basically take the form of “this article is really good because I feel it is good”. Referencing As a general principle, you do not need to reference the concepts covered in my lecture slides unless the lecture slides themselves cite another source or it makes sense to do so given how you are using the concept in your post. If you would like to reference the lecture slides (or the course videos on Youtube), you can reference them informally using the Unit title (or video title) and slide number (or video timestamp). The key thing is that I’m pretty relaxed about how you cite or reference the content in my lecture slides as it is generally ‘assumed knowledge’ for your Learning Community Report. I’m expecting that most references or citations in your Learning Community Report are for sources that are external to the lecture slides. This will obviously include the article itself but may also include any other related articles from which you have drawn ideas. However, note that only one article/blog/book chapter/video is required as a source for each submission. For websites, I’m usually happy with just the author (or company), the date that it was accessed and a URL (preferably hyperlinked). For example: "Domain Property Group, accessed 26 April 2024, www.domain.com.au " For Youtube videos, provide the title of the video, author, date uploaded and the URL. The following website provides some good examples for referencing: student.unsw.edu.au/citing-diff… When referring to other sources, the standard method for citations at UNSW is in-text (Harvard). However, in this course I don’t mind whether you use Harvard, Oxford or APA style referencing. More information on the in-text (Harvard) method is here: student.unsw.edu.au/harvard-ref… More information on the footnote (Oxford) method is here: student.unsw.edu.au/footnote-bi… Learning Community Assignment 11 UNSW Business School More information on APA referencing method is here: www.student.unsw.edu.au/how-cite-re… References are not included in your word count. Structure and Content of Post Main Points Provide a detailed summary of the main point(s) of your chosen article. You should avoid copying the content of the document. You need to use your own words to explain the main points. This is an exercise in comprehension. Application Provide a clear explanation of how you (or other students) can apply the main points of the article to your/their personal situation either now, after graduation or at some stage in the future. Is there anyone else that you know who may benefit from the main point(s) of the document? If you disagree with the main points, what warnings or ideas does the document provide to you? What warnings or ideas does it provide for others whom you know? Rating: X/10 Replace the ‘X’ in the title of this section with a score from 0 to 10 (0 is terrible and 10 is outstanding) as your final rating for the article that you have chosen. This section should provide a clear explanation of why you gave it that score. Note that all three of the above sections (including headings) are included in the word count. References are not included in the word count.
11. Learning Community Details Please provide me with the details of the post that you made in the Learning Community forums and also your article using the ‘Learning Community Details’ link. This link can be found under the ‘Learning Community’ section of the course website. The details that you need to provide mirror the information in the table at the start of your Learning Community Report (see the next section). You can submit the details multiple times in case you change your mind about which article you are using. Learning Community Assignment 12 ? UNSW Business School
12. Learning Community Report The Learning Community Report contains the details of your article and post, a screenshot of your post and also the text of the post itself. It will be the main document that I use to mark this assessment. If you notice any typos in your post, you are welcome to correct these in your final report submission but any changes should be minor. Template You should use the Microsoft Word Template document provided under the ‘Learning Community’ section of the course website. Note that as a student at UNSW, you have access to the full suite of Microsoft Office 365 applications. More information about accessing this software is on page 16. Formatting Fonts: Please only use either Arial (PC) or Helvetica (Mac) fonts. Students with dyslexia who find these fonts difficult to read may use Times New Roman. Font sizes: Please use font size 11 pt for your body text. Line spacing: Use the default in the Microsoft Word Template provided (1.08 lines). File format: You should submit your file in Microsoft Word format. Filename: Please use the filename following the format ‘zID Learning Community.docx’. If your zID is z999999, you should name your document ‘z999999 Learning Community.docx’. Structure and Content Your Learning Community Report should contain the following sections and content: Title page Please do not change the format of the title page from the one provided in the Microsoft Word Template provided. Please also do not add a table of contents. Student details: Provide your UNSW student zID and also your name as it appears on your UNSW student card. Learning Community Post details: Provide the Unit number and title to which your article is most closely linked. Please also provide the title of your post and the date of the post. Learning Community Assignment 13 ? UNSW Business School Article details: Provide details of the type of article, the title of the article, the name of the author of the article, the source of your article, a website link, a full academic reference and a rating for the article out of 10. Screenshot of Learning Community Post Please provide a screenshot of your Learning Community Post including the date and time of the post. If your post is more than one screen, it is okay to just provide a screenshot of the top half of your post that contains the title of your post, date and the first few paragraphs of text. For Windows users, you can either use the ‘Snipping’ application or press Win + G and then press the Camera icon. For Mac users, press Shift + Command + 4 to take a screenshot. Text of Learning Community Post Please copy and paste the text from your Learning Community Post into your Microsoft Word document. The text should include the discussion of the main point(s) and main application(s), the rating and explanation of that rating. Submission There are three components of your submission for this assignment:
13. Learning Community Post: This is your post under the ‘Learning Community’ section of the course website.
14. Learning Community Details: This is where you provide the details of your article to me in the fields provided. It is basically just the summary information on the title page of your Learning Community Report. You submit these details using the ‘Learning Community Details’ link under the ‘Learning Community’ section of the course website. It only takes about 1 minute to submit these details.
15. Learning Community Report: This should be submitted in Microsoft Word format using the ‘Learning Community Report’ TurnItIn link under the ‘Learning Community’ section of the course website. The due dates for these submissions are listed on page Error! Bookmark not defined.. Further information about the file name and formatting is available on page 12. The file should be submitted in Microsoft Word format. The TurnItIn service has a ‘preview’ function for your uploaded document. This preview isn’t very good and often stuffs up the formatting of your document. I wouldn’t Learning Community Assignment 14 ? UNSW Business School worry about this. I download the original file you submit and mark this directly and so formatting is rarely a problem (especially if you just use Arial/Helvetica fonts). The penalties for late submission are indicated under the section ‘Late penalties’ on page 4. Note that there is no point submitting a Learning Community Assignment submission more than 1 week late since the score will be zero. Note that the maximum special consideration that will be granted in any case is a 1 week extension from the original due date. Assessment Criteria You will be assessed based on following criteria:

Criteria Descriptor CONFORMITY (Penalties) You did not submit the Learning Community Details via the link provided on course website (5 marks) You did not use the MS Word Learning Community report template provided (5 marks) You did not use the file name format indicated in the assessment instructions (5 marks) You did not submit your file in MS Word format. (5 marks) The presentation of the content of your post does not follow the assessment instructions (5 marks) The table on page 1 of the MS Word report template was not completed correctly (5 marks). A screenshot of your post on the Learning Community forums was not included in your report (5 marks) The text of your post was not copy and pasted into your report as text (5 marks). The article is not correctly referenced on the cover page (5 marks) Other articles referred to in your post are not correctly referenced (5 marks) ARTICLE (20%) Expertise in selecting an article, blog, video or book chapter of suitable sophistication in order to be able to discuss the main point(s) and applications required in this assessment. SUMMARY (40%) Detailed summary of the main point(s) of the chosen article under the ‘Main Points’ heading. You have avoided simply copying the content of the document and instead have used your own words to explain the main points. Ideas are clearly expressed with correct use of spelling, grammar and punctuation. Appropriate use of bullet-points and prose where appropriate to the content. APPLICATION (40%) You have provided a clear explanation of how you (or other students) can apply the main points of the article to your/their personal situation either now, after graduation or at some stage in the future. If you disagree with the main points, you have identified some warnings or ideas that the document provides to you or others. Your applications are specific and carefully explained. Your applications are clearly linked to the main points of the article and/or lecture material. Ideas are clearly expressed with correct use of spelling, grammar and punctuation. Appropriate use of bullet-points and prose where appropriate to the content.

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