Why should you start thinking about saving for retirement when you are just starting college? Is it possible to accumulate around $5 million at the time you retire? Should you be actively choosing stocks or relying on index mutual funds? Should you rely on Jim Cramer or Suze Orman? In this course you will learn how to compute your retirement financial needs, how to think about quantifying and managing risk in your retirement portfolio, the tradeoffs between active and passive investing, evaluation of various types of mutual funds, and the potential pitfalls of investing in individual stocks. Note: This course fulfills the Quantitative Literacy (GQ) requirement for students under GenEd and a Quantitative Reasoning (QA or QB) requirement for students under Core.
Students cannot receive credit for this course if they have successfully completed EE 0822 or Finance 0822. Mode: Lecture and Computer Lab.