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Course Title: How to Save and Invest Wisely
Instructor: Chuck Weinstein
Curriculum: 15 units
Time Required: 5-7 weeks
Textbooks: None.
Prerequisites: None. All students may enroll in this course.
CEU Eligibility: Students who pass the final exam will earn 2 CEUs
Enrollment Fee: $18.00
Start Date: No waiting...Enroll now and start learning today!

What This Course Will Do for You

After a decade of stellar performance, followed by a sudden massive decline in stock prices, and then another stellar rise in recent months, the stock market has become an unpredictable and risky proposition. This fact-filled course explores high and low-risk alternatives for saving and investing wisely. In-depth lessons delve into the pros and cons of conventional savings accounts, CDs, money market accounts, bonds, mutual funds, and other popular investment strategies. Practical tips for saving money and how to establish long-term savings goals will also be explored. Take the first step to achieving financial security and independence in this intensive workshop.

Upon successful completion of the course, you should be able to:

  • Locate low-risk investments and chart a course through the erratic market gyrations currently in play on Wall Street and around the world
  • Identify popular investment alternatives to traditional equity stocks
  • See why "diversification" is so important to any investor's portfolio
  • Understand the differences between savings accounts, NOW accounts, money market accounts, and other bank deposit products
  • Distinguish between FDIC-insured products such as checking and savings accounts and CDs, and uninsured products such as mutual funds and annuities
  • Gain a thorough understanding of how FDIC insurance works and the limits on various types of accounts
  • Know why terms like Annual Percentage Yield, compounding interest and tiered rates are important to your bottom line
  • Gain valuable insights into Certificates of Deposit, how they work, pros and cons, and whether they are right for you
  • Determine which investment products are right for you based on your desired level of return and risk-tolerance
  • Recognize the difference between Series EE, HH and I government savings bonds, and the pros and cons of owning them
  • Discover how Treasury Bills, Notes, and Bonds can provide a safe haven for principal you can't afford to lose
  • Know how to buy Treasury Securities and how to track your holdings
  • Understand how Zero Coupon Treasury Securities and STRIPS work
  • Effectively research municipal bond yields, market risk, taxable munis, and bonds with special features
  • Know the "lingo" of municipal bonds and what is meant by commonly used terms such as redemption, non-callable bonds, original issue discount, par value, premium, swaps, and yield to call
  • Find and use online tools to research the ratings and risk-reward levels for any municipal bond
  • Learn more about hybrid munis, including tax-exempt mutual bond funds, zero coupon municipal bonds, Unit Investment Trusts, Daily Investment Funds, and Industrial Revenue Bonds
  • Gain a glimpse inside the world of always popular, usually lucrative, but highly risky Real Estate Investments trusts or REITs
  • Learn how mutual funds operate, and why they may be an attractive addition to your portfolio
  • Familiarize yourself with commonly used mutual fund terms such as Net Asset Value, sales load, no-load fund, growth fund, and derivatives
  • Understand how sales commissions and other management fees can reduce your rate of return on mutual funds
  • Gain insights into foreign stock markets, international investments, and foreign currency fluctuations
  • Explore the strategy of investing in American Depositary Receipts and understand the pros and cons of owning ADRs
  • Take control of your finances and save for retirement
  • Familiarize yourself with various types of retirement accounts such as IRAs, 401(k) plans, 403(b) Annuities, and Keogh plans
  • Understand why Social Security should be an important part of your retirement planning strategy
  • Delve into various types of insurance and why these products may be important to you
  • Learn sixty-six powerful ways to save money in your everyday living
  • About the Instructor

    Chuck Weinstein, CLU, ChFC, LUTCF, has been a financial advisor since 1984. Working with individuals and businesses, he has designed retirement and estate plans involving insurance and investment products for a wide variety of people. He is licensed to sell all types of insurance and securities products in New York and California. He has been a trainer of insurance agents for over 15 years and has taught university courses for the general public on personal financial planning and business continuation planning.

    Mr. Weinstein says he teaches because he enjoys sharing the knowledge with anyone who is interested in learning more about financial matters. He says he has the ability to break down complicated subjects into easy to understand bites.

    In his personal life, Chuck is a family history researcher and has spoken before many groups on the subject of genealogy. He has documented his own family back to the 17th century in eastern Europe, and helped many others find their pasts. In addition to genealogy,, he enjoys outdoors activities, reading, and surfing news and science-related sites on the Web. A native of Los Angeles, CA, and long time resident of the San Francisco Bay area, he currently lives in Deer Park, NY, in the heart of Long Island.

    Lesson Plan

    Unit 1:  Investor's Roadmap to the 21st Century

    Unit 2:  Deposits, Investments - What's the Difference?

    Unit 3:  Making Sense of Savings

    Unit 4:  Certificates of Deposit: Tips for Investors

    Unit 5:  Your Insured Deposit: Questions and Answers

    Unit 6:  Introduction to Government Securities

    Unit 7:  Investing in U.S. Savings Bonds

    Unit 8:  The I-Bond: A Better Savings Bond

    Unit 9:  The Basics of Treasury Securities

    Unit 10:  Investing in Municipal Bonds

    Unit 11:  Invest Wisely: An Introduction to Mutual Funds

    Unit 12:  International Investing

    Unit 13:  66 Ways to Save Money

    Unit 14:  Planning Financial Security

    Unit 15:  Investor's Glossary


    How to Participate in this Course

    The course curriculum will include tutorial lessons, suggested readings, and homework activities. If you are taking the course for personal enjoyment or self-enrichment, homework is optional but you are encouraged to take part in suggested class activities to derive optimum benefit from the course. Homework projects, if completed satisfactorily, will earn Extra Credit points. These points will be added to your Final Exam score and may increase the overall grade you earn in the course.

    There are no formal class meetings, so you do not have to be online at any set time. You can study and complete assignments at your convenience.

    Plan to devote 3-5 hours a week to class assignments and study. The benefit that you will receive from this online class will be proportionate to the time and effort you invest. Students who approach online learning as an adventure, make an effort to keep up with the curriculum and interact with classmates on the discussion forum will enjoy the greatest opportunity for knowledge and personal growth.

    The Student Handbook provides useful information on how to make the most of your online learning experience at Webversity. Refer to this guide for helpful tips on how to access your classrooms, posting homework, and answers to most frequently asked questions.