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ACCT2542 - Michael Hu z3257112 ID 3257112 Mark 4 Comments...

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Michael Hu z3257112 ID Mark Comments 3257112 4 Week 2: no risk profiling questionnaire; Week 3: no entries; Week 4&6: need more efforts. Improvement Section This is the section where improvements have been made to previous weeks with accordance to the comments made.
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Michael Hu z3257112 Week 3 Financial Plan Balance Sheet 2011 Assets Liquid Assets Cash Savings Account Cash Management Account Investments Shares Certificate of Deposit Total Assets 2000 8000 1000 2000 5000 18000 Liabilities Current Liabilities Rent Utilities Long-Term Liabilities n/a Total Liabilities Net Worth 1000 500 0 1500 16500 2021 Assets Liquid Assets Cash Investments Shares Bonds Managed funds Real Estate Primary Residence Investment Property 1 Investment Property 2 Personal Property Superannuation Appliances Private Vehicle Total Assets 10000 30000 40000 10000 600000 500000 500000 40000 20000 40000 1790000 Liabilities Current Liabilities Utilities Insurance Bills Long-Term Liabilities Primary Mortgage Investment 1 Mortgage Investment 2 Mortgage Total Liabilities Net Worth 5000 5000 5000 300000 400000 400000 1115000 675000 Income and Expenditure Statement 2011 2021 Income Youth Allowance Interest Total Income Expenditure Phone Food Groceries Dining out Petrol Clothing Income Tax Insurance Personal Care Recreation and entertainment 12000 500 12500 600 500 2000 1000 200 1000 - 0 200 1000 Income Salary Bonus Investment Other Total Income Expenditure Mortgage Maintenance Utilities Food Groceries Dining out Petrol Clothing Income Tax 100000 20000 30000 - 150000 50000 1000 5000 20000 10000 5000 1000 30000
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Michael Hu z3257112 Total Expenditure Cash Surplus(Deficit) 6500 6000 Appliances, Furniture Personal Care Recreation and entertainment Other Total Expenditure Cash Surplus(Deficit) 2000 200 2000 300 126500 23500
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Michael Hu z3257112 Week 4 Financial Plan Financial Products 1. Investing in shares is the most appealing financial product to me. The following reasons explains why: - The historical growth of the Australian share market over the past 50 years has been 12% pa. Even though share prices do fluctuate constantly and there are occasional major shocks such as the GFC and the recent European Crisis debt. However, buying
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