A great class to learn about the basics of investing is ACE 240: Personal Financial Planning. This class covers the fundamental aspects of compounding interest, risk management strategies in asset management, and principal investment strategies that you can begin to use now or plan to in the future. Furthermore, you will learn about the differences between passive and active investing and the pros and cons of each. A significant portion of the class is dedicated to the Time Value of Money and how you can you use it to your advantage; if you are able to invest early, you will set yourself up for great success.
ACE 240 is offered at UIUC in the Spring, Fall, and online over Winter & Summer break. Not only will you learn about the basics of investing by taking this course, but also about budgeting your money, acquiring financial assets, managing credit, planning for taxes, setting yourself up for retirement, and making decisions in estate planning. The class is open to all majors with no pre-requisites, so go sign up for ACE 240!
Written by Michael Piet, Financial Wellness Peer Educator, University of Illinois Extension, 2017.
Reviewed by Kathy Sweedler, Consumer Economics Educator, University of Illinois Extension.